Mutual Funds and Institutional Investments: What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?

Estelle James, Gary Ferrier, James H. Smalhout, and Dimitri Vittas, Administrative Aspects of Investment-Based Social Security Reform (University of Chicago Press, 2000), chap. 3, https://www.nber.org/books-and-chapters/administrative-aspects-investment-based-social-security-reform/mutual-funds-and-institutional-investments-what-most-efficient-way-set-individual-accounts-social.