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Record Nr. |
UNINA9910782741803321 |
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Titolo |
Risk aspects of investment-based social security reform [[electronic resource] /] / edited by John Y. Campbell and Martin Feldstein |
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Pubbl/distr/stampa |
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Chicago, : University of Chicago Press, c2001 |
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ISBN |
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1-282-00477-8 |
9786612004773 |
0-226-09256-9 |
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Descrizione fisica |
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1 online resource (509 p.) |
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Collana |
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A National Bureau of Economic Research conference report |
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Altri autori (Persone) |
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CampbellJohn Y |
FeldsteinMartin S |
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Disciplina |
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Soggetti |
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Privatization - United States |
Social security - United States |
Social security - United States - Finance |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Papers presented at a NBER conference held in Islamorala, Florida, January, 1999. |
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Nota di bibliografia |
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Includes bibliographical references and indexes. |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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Our current social security system operates on a pay-as-you-go basis; |
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