Risk Aspects of Investment-Based Social Security Reform PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Risk Aspects of Investment-Based Social Security Reform PDF full book. Access full book title Risk Aspects of Investment-Based Social Security Reform by John Y. Campbell. Download full books in PDF and EPUB format.
Author: John Y. Campbell Publisher: University of Chicago Press ISBN: 0226092569 Category : Political Science Languages : en Pages : 509
Book Description
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 assets—are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions.
Author: John Y. Campbell Publisher: University of Chicago Press ISBN: 0226092569 Category : Political Science Languages : en Pages : 509
Book Description
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 assets—are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions.
Author: Martin Feldstein Publisher: University of Chicago Press ISBN: 0226241823 Category : Political Science Languages : en Pages : 484
Book Description
This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Author: Jeffrey R. Brown Publisher: University of Chicago Press ISBN: 0226076504 Category : Business & Economics Languages : en Pages : 473
Book Description
Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.
Author: C. Eugene Steuerle Publisher: The Urban Insitute ISBN: 9780877666028 Category : Political Science Languages : en Pages : 358
Book Description
Study of the Social Security debate arguing that Social Security needs reform and offering a blueprint for implementing them to meet today's and tomorrow's needs.
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security Publisher: ISBN: Category : Law Languages : en Pages : 168
Book Description
Distributed to some depository libraries in microfiche.
Author: OECD Publisher: OECD Publishing ISBN: 9264852395 Category : Languages : en Pages : 94
Book Description
This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.
Author: Herb Kohl Publisher: DIANE Publishing ISBN: 143793434X Category : Political Science Languages : en Pages : 89
Book Description
Although Social Security (SS) remains a crucial benefit for millions of seniors, the program was designed to serve an American society of 75 years ago. Much has changed since its inception: Americans are living longer, women¿s participation in the labor force has significantly increased, and with a rise in the divorce rate, household composition has changed. In addition, the labor force is growing more slowly and the nature of work and compensation has altered in ways that affect workers¿ ability to save for retirement. This report outlines the challenges currently facing SS¿s retirement program and highlights options for addressing program solvency, benefit adequacy, and retirement income security for economically vulnerable groups. Illustrations.
Author: Mitchell Alexander Orenstein Publisher: Columbia University Press ISBN: 0231146949 Category : Business & Economics Languages : en Pages : 139
Book Description
Mitchell Orenstein brings together leading economists and policy advisors to discuss the complex and timely issue of retirement and risk. Employers, increasingly called upon by elected officials, have begun to shift from a model of collective risk-sharing towards a model of individualized investment risk. This represents a marked difference from the notion of an American social safety net, which emerged during the Great Depression. Weighing what is gained and what is lost as new schemas surface, this book offers readers reasoned analysis of the looming crisis and our collective alternatives both domestically and abroad.
Author: John Y. Campbell
Author: John Y. Campbell
Author: Martin Feldstein
Author: Jeffrey R. Brown
Author: C. Eugene Steuerle
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security
Author: OECD
Author: Herb Kohl
Author: Mitchell Alexander Orenstein
Author: United States. Advisory Council on Social Security (1994-1996)
Author: