On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable

Merton, Robert C

On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable

Robert C. Merton

Chapter in NBER book Financial Aspects of the United States Pension System (1983), Zvi Bodie and John B. Shoven, editors (p. 325 - 358)
Published in 1983 by University of Chicago Press
© 1983 by the National Bureau of Economic Research

(365 K)

This paper is available as PDF (365 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us

Working Papers & Publications

Free Publications

Bulletin on Aging and Health
Digest — Non-technical summaries of 4-8 working papers per month
Reporter — News about the Bureau and its activities.

NBER Research Disclosure Policy

Activities

NBER activities are organized into Programs and Working Groups.

Aging

Asset Pricing

Behavioral Economics

Children

Chinese Economy

Cohort Studies

Corporate Finance

Economics of Crime

Development of the American Economy

Development Economics

Economic Fluctuations and Growth

Education

Entrepreneurship

Environment and Energy

Financial Risks

Health Care

Health Economics

Household Finance

Industrial Organization

Innovation Policy

Insurance

International Finance & MacroEconomics

International Trade and Investment

Labor

Law & Economics

Market Design

Market Microstructure

Monetary Economics

National Security

Organizational Economics

Personnel Economics

Political Economy

Productivity, Innovation, and Entrepreneurship

Public Economics

Urban Economics

Special Projects:

African Successes Project

Center for Aging & Health Research (CAHR)

Conference on Econometrics & Mathematical Economics (CEME)

Conference on Research in Income & Wealth (CRIW)

Retirement Research Center (RRC)

Science & Engineering Workforce (SEWP)

Meetings

Recent Meetings

May 10-11	Poverty, Inequality, and Social Policy
May 10-11	Conference on the Economics of Aging
May 10	Children's Program Meeting
May 9	Education Program
April 26	Cohort Studies Meeting
April 23	Innovation Policy and the Economy

(...More summaries of NBER Meetings...)

Data

Boston Census Research Data Center (BRDC)

Public Use Data Archive

Frequently Requested:

Business Cycle Memos, FAQ, Members
Business Cycle Dates
Current Population Survey
Economic Report of the President
New Economic Releases
Vital Statistics

People

James Poterba, president

James Poterba is President of the National Bureau of Economic Research. He is also the Mitsui Professor of Economics at M.I.T.

NBER Researchers

Researchers by NBER Program
Complete NBER Research Family List

About

About Us
Contact Information
Historical Archives

Research Programs
Working Groups
Research Disclosure Policy
Employment and Fellowships
Sitemap
Links to other Resources
Search

Map/Directions:
1050 Massachusetts Ave., Cambridge, MA 02138

ph: 617-868-3900
email: info@nber.org

Support

The research activities of the NBER are funded by grants from federal research agencies, by private foundations, and by generous donations from our corporate associates and from private individuals. The NBER is a non-profit, 501(c)(3) organization. For information on supporting the NBER, please contact:

Mr. Denis Healy, Director of Development
NBER
1050 Massachusetts Avenue
Cambridge, MA 02138-5398

ph: 617-868-3900
email: dhealy@nber.org

On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable

Robert C. Merton

Working Papers & Publications

Working Papers (MORE SEARCH OPTIONS)

Books

Free Publications

NBER Research Disclosure Policy

Activities

Special Projects:

Meetings

Recent Meetings

Other Meeting Links

Data

Frequently Requested:

People

James Poterba, president

NBER Researchers

Other People Links

About

Support