Risk aspects of investment-based social security reform /
Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options....
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| Other Authors: | , , , |
| Format: | Book |
| Language: | English |
| Published: |
Chicago :
University of Chicago Press,
2001
Chicago : [2009] |
| Series: | Conference report (National Bureau of Economic Research)
National Bureau of Economic Research conference report |
| Subjects: |
Table of Contents:
- Asset allocation and risk allocation: can Social Security improve its future solvency problem by investing in private securities?
- The transition to investment-based social security when portfolio returns and capital profitability are uncertain
- The effect of pay-when-needed benefit guarantees on the impact of Social Security privatization
- Can market and voting institutions generate optimal intergenerational risk sharing?
- The Social Security Trust Fund, the riskless interest rate, and capital accumulation
- Social Security and demographic uncertainty: the risk-sharing properties of alternative policies
- The risk of Social Security benefit-rule changes: some international evidence
- Financial engineering and Social Security reform
- The role of real annuities and indexed bonds in an individual accounts retirement program
- The role of international investment in a privatized social security system
- Investing retirement wealth: a life-cycle model
- Frontmatter
- Contents
- Preface
- Introduction
- 1. Asset Allocation and Risk Allocation: Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?
- 2. The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability Are Uncertain
- 3. The Effect of Pay-When-Needed Benefit Guarantees on the Impact of Social Security Privatization
- 4. Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?
- 5. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
- 6. Social Security and Demographic Uncertainty: The Risk-Sharing Properties of Alternative Policies
- 7. The Risk of Social Security Benefit-Rule Changes: Some International Evidence
- 8. Financial Engineering and Social Security Reform
- 9. The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program
- 10. The Role of International Investment in a Privatized Social Security System
- 11. Investing Retirement Wealth: A Life-Cycle Model
- Contributors
- Author Index
- Subject Index