Description

Book Synopsis
As the ratio of retirees to taxpayers increases, concern about the high cost of providing benefits in a pay-as-you-go system has led to economists offering alternatives, one of which involves the investment in stocks and bonds of a person's holdings. This work examines the risks of such systems.

Risk Aspects of InvestmentBased Social Security

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A Hardback by John Y. Campbell, Martin Feldstein

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    View other formats and editions of Risk Aspects of InvestmentBased Social Security by John Y. Campbell

    Publisher: The University of Chicago Press
    Publication Date: 12/1/2000 12:00:00 AM
    ISBN13: 9780226092553, 978-0226092553
    ISBN10: 0226092550
    Also in:
    Public finance and taxation Welfare and benefit systems

    Description

    Book Synopsis
    As the ratio of retirees to taxpayers increases, concern about the high cost of providing benefits in a pay-as-you-go system has led to economists offering alternatives, one of which involves the investment in stocks and bonds of a person's holdings. This work examines the risks of such systems.

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