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- catalog abstract "The United States' 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 retirement. The risks such a system would introduce - such as the volatility in the market prices of investment assets - are the focus of this book.".
- catalog contributor b11955486.
- catalog contributor b11955487.
- catalog created "2001.".
- catalog date "2001".
- catalog date "2001.".
- catalog dateCopyrighted "2001.".
- catalog description "Includes bibliographical references and indexes.".
- catalog description "The United States' 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 retirement. The risks such a system would introduce - such as the volatility in the market prices of investment assets - are the focus of this book.".
- catalog extent "xi, 496 p. :".
- catalog identifier "0226092550 (cloth : alk. paper)".
- catalog isPartOf "Conference report (National Bureau of Economic Research)".
- catalog isPartOf "National Bureau of Economic Research conference report".
- catalog isPartOf "Oxford scholarship online. net".
- catalog issued "2001".
- catalog issued "2001.".
- catalog language "eng".
- catalog publisher "Chicago : University of Chicago Press,".
- catalog spatial "United States".
- catalog subject "368.4/3/00973 21".
- catalog subject "HD7125 .R57 2001".
- catalog subject "Privatization United States Congresses.".
- catalog subject "Social security United States Congresses.".
- catalog subject "Social security United States Finance Congresses.".
- catalog title "Risk aspects of investment-based social security reform / edited by John Y. Campbell and Martin Feldstein.".
- catalog type "text".