LEADER 04441nam 2200745Ia 450 001 9910969246303321 005 20200520144314.0 010 $a9786611430771 010 $a9781281430779 010 $a1281430773 010 $a9780226062891 010 $a0226062899 024 7 $a10.7208/9780226062891 035 $a(CKB)1000000000406336 035 $a(EBL)408267 035 $a(OCoLC)476228302 035 $a(SSID)ssj0000154954 035 $a(PQKBManifestationID)11148471 035 $a(PQKBTitleCode)TC0000154954 035 $a(PQKBWorkID)10097952 035 $a(PQKB)10965706 035 $a(MiAaPQ)EBC408267 035 $a(DE-B1597)524961 035 $a(OCoLC)781253997 035 $a(DE-B1597)9780226062891 035 $a(Au-PeEL)EBL408267 035 $a(CaPaEBR)ebr10230026 035 $a(CaONFJC)MIL143077 035 $a(Perlego)1853294 035 $a(EXLCZ)991000000000406336 100 $a19840308d1983 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aFinancial aspects of the United States pension system /$fedited by Zvi Bodie and John B. Shoven 205 $a1st ed. 210 $aChicago $cUniversity of Chicago Press$dc1983 215 $a1 online resource (466 p.) 225 1 $aA National Bureau of Economic Research project report 300 $aDescription based upon print version of record. 311 0 $a9780226062815 311 0 $a0226062813 320 $aIncludes bibliographies and indexes. 327 $tFront matter --$tRelation of the Directors to the Work and Publications of the National Bureau of Economic Research --$tContents --$tAcknowledgments --$tIntroduction --$t1. Who Owns the Assets in a Defined-Benefit Pension Plan? --$t2. Economic Implications of ERISA --$t3. Pensions as Severance Pay --$t4. Optimal Funding and Asset Allocation Rules for Defined-Benefit Pension Plans --$t5. Pension Funding, Pension Asset Allocation, and Corporate Finance: Evidence from Individual Company Data --$t6. Investing for the Short and the Long Term --$t7. Pension Funding Decisions, Interest Rate Assumptions, and Share Prices --$t8. Should Private Pensions Be Indexed? --$t9. Observations on the Indexation of Old Age Pensions --$t10. On Consumption Indexed Public Pension Plans --$t11. Retirement Annuity Design in an Inflationary Climate --$t12. On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable --$t13. The Economic Status of the Elderly --$t14. Portfolio Composition and Pension Wealth: An Econometric Study --$tContributors --$tAuthor Index --$tSubject Index 330 $aThis book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning. 410 0$aProject report (National Bureau of Economic Research) 606 $aOld age pensions$zUnited States 606 $aPension trusts$zUnited States 606 $aOld age pensions$zUnited States$xFinance 615 0$aOld age pensions 615 0$aPension trusts 615 0$aOld age pensions$xFinance. 676 $a332.6/7254 676 $a332.67254 701 $aBodie$b Zvi$0116594 701 $aShoven$b John B$088721 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910969246303321 996 $aFinancial aspects of the United states pension system$9686583 997 $aUNINA