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

    £999.99

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      Book details

      Publisher The University of Chicago Press
      Published 12 January 2000
      ISBN-13 9780226092553
      978-0226092553
      ISBN-10 0226092550
      Also in:
      Business, Finance & Law 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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