NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Risk Aspects of Investment-Based Social Security Reform

John Y. Campbell and Martin Feldstein, editors

Published in January 2001 by University of Chicago Press
© 2001 by the National Bureau of Economic Research

NBER Program(s):   AG    PE

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496 pages
ISBN: 0-226-09255-0

Table of Contents

Front matter, preface, table of contents: John Y. Campbell, Martin Feldstein (p. -12 - 0) (bibliographic info) (download)

Introduction: John Y. Campbell, Martin Feldstein (p. 1 - 10) (bibliographic info) (download)

1. Asset Allocation and Risk Allocation: Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?: Thomas E. MaCurdy, John B. Shoven (p. 11 - 40) (bibliographic info) (download)

2. The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability Are Uncertain: Martin Feldstein, Elena Ranguelova, Andrew Samwick (p. 41 - 90) (bibliographic info) (download)

3. The Effect of Pay-When-Needed Benefit Guarantees on the Impact of Social Security Privatization: Kent Smetters (p. 91 - 112) (bibliographic info) (download)

4. Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?: Antonio Rangel, Richard Zeckhauser (p. 113 - 152) (bibliographic info) (download)

5. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation: Andrew B. Abel (p. 153 - 202) (bibliographic info) (download)

6. Social Security and Demographic Uncertainty: The Risk-Sharing Properties of Alternative Policies: Henning Bohn (p. 203 - 246) (bibliographic info) (download)

7. The Risk of Social Security Benefit-Rule Changes: Some International Evidence: John McHale (p. 247 - 290) (bibliographic info) (download)

8. Financial Engineering and Social Security Reform: Zvi Bodie (p. 291 - 320) (bibliographic info) (download)

9. The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program: Jeffrey R. Brown, Olivia S. Mitchell, James M. Poterba (p. 321 - 370) (bibliographic info) (download)

10. The Role of International Investment in a Privatized Social Security System: Marianne Baxter, Robert G. King (p. 371 - 438) (bibliographic info) (download)

11. Investing Retirement Wealth: A Life-Cycle Model: John Y. Campbell, João F. Cocco, Francisco J. Gomes, Pascal J. Maenhout (p. 439 - 482) (bibliographic info) (download)

List of Contributors, Indexes: John Y. Campbell, Martin Feldstein (p. 483 - 496) (bibliographic info) (download)

 
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