John Y. Campbell & Martin Feldstein 
Risk Aspects of Investment-Based Social Security Reform [PDF ebook] 

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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 retir...

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Língua Inglês ● Formato PDF ● ISBN 9780226092560 ● Editor John Y. Campbell & Martin Feldstein ● Editora University of Chicago Press ● Publicado 2009 ● Carregável 3 vezes ● Moeda EUR ● ID 4048500 ● Proteção contra cópia Adobe DRM
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