Risk aspects of investment-based social security reform
In: National Bureau of Economic Research conference report
Abstract
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 a
Verfügbarkeit
Themen
Sprachen
Englisch
Verlag
University of Chicago Press
ISBN
9780226092560, 0226092569, 1282004778, 9781282004771, 9786612004773, 6612004770, 9780226092553
Seiten
xi, 496
DOI
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