The Transition to Investment-Based Social Security when Portfolio Returns and Capital Profitability are Uncertain
收藏NBER1999-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7016
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资源简介：
In this paper we study the transition from a pay-as-you-go system of Social Security pensions to an investment-based system in an economy in which portfolio returns and capital profitability are both uncertain. The paper extends earlier studies by Feldstein and Samwick that modeled the transition
提供机构：
美国国家经济研究局
创建时间：
1999-03-01
