NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability Are Uncertain

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Martin Feldstein, Elena Ranguelova, Andrew Samwick

Chapter in NBER book Risk Aspects of Investment-Based Social Security Reform (2001), John Y. Campbell and Martin Feldstein, editors (p. 41 - 90)
Published in January 2001 by University of Chicago Press
© 2001 by the National Bureau of Economic Research

This chapter first appeared as NBER working paper w7016, The Transition to Investment-Based Social Security when Portfolio Returns and Capital Profitability are Uncertain, Martin Feldstein, Elena Ranguelova, Andrew Samwick

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