Social Security Investment in Equities I: Linear Case
收藏NBER1999-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7103
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资源简介：
Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of land
提供机构：
美国国家经济研究局
创建时间：
1999-04-01
