Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability

Alan J. Auerbach and Ronald Lee, Social Security Policy in a Changing Environment (University of Chicago Press, 2009), chap. 2, https://www.nber.org/books-and-chapters/social-security-policy-changing-environment/notional-defined-contribution-pension-systems-stochastic-context-design-and-stability.