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. One involves prefunding, in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce--such as the volatility in the market prices of investment assets--are the focus of this offering from the NBER. Explorin…
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Produktdetails
Weitere Autoren: Feldstein, Martin (Hrsg.)
- ISBN: 978-0-226-09255-3
- EAN: 9780226092553
- Produktnummer: 1581726
- Verlag: Univ Of Chicago Pr
- Sprache: Englisch
- Erscheinungsjahr: 2000
- Seitenangabe: 496 S.
- Masse: H23.6 cm x B16.1 cm x D3.2 cm 794 g
- Auflage: New
- Gewicht: 794
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