1. Asset Allocation and Risk Allocation: Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?
Thomas E. MaCurdy and John B. Shoven
Comment: Stephen P. Zeldes
Discussion summary
2. The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability Are Uncertain
Martin Feldstein, Elena Ranguelova and Andrew Samwick
Comment: Robert J. Shiller
Discussion summary
3. The Effect of Pay-When-Needed Benefit Guarantees on the Impact of Social Security Privatization
Kent Smetters
Discussion summary
4. Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?
Antonio Rangel and Richard Zeckhauser
Comment: Thomas J. Sargent
Discussion summary
5. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
Andrew B. Abel
Discussion summary
6. Social Security and Demographic Uncertainty: The Risk-Sharing Properties of Alternative Policies
Henning Bohn
Discussion summary
7. The Risk of Social Security Benefit-Rule Changes: Some International Evidence
John McHale
Discussion summary
8. Financial Engineering and Social Security Reform
Zvi Bodie
Discussion summary
9. The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program
Jeffrey R. Brown, Olivia S. Mitchell and James M. Poterba
Comment: Mark J. Warshawsky
Discussion summary
10. The Role of International Investment in a Privatized Social Security System
Marianne Baxter and Robert G. King
Discussion summary
11. Investing Retirement Wealth: A Life-Cycle Model
John Y. Campbell, João F. Cocco, Francisco J. Gomes and Pascal J. Maenhout
Discussion summary