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The Transition Path in Privatizing Social Security

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NBER1996-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5761
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This paper analyzes the transition from the existing pay-as-you-go Social Security program to a system of funded Mandatory" Individual Retirement Accounts (MIRAs). Because of the high return on real capital relative to the very low return in a mature pay-as-you-go program, the benefits that can be
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1996-09-01
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