Social Security and Demographic Uncertainty: The Risk Sharing Properties of Alternative Policies
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As the U.S. population ages, the growing retiree-worker ratio increases the burden of public retirement systems. Is it efficient to maintain a defined benefit social security system? Should PAYGO benefits be reduced and private retirement savings be encouraged? The paper examines these questions in
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美国国家经济研究局创建时间：
1999-03-01
