Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability
---- Acknowledgements -----
This research was supported by the U.S. Social Security Administration through grant #10-P-98363-1-02 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the Federal Government, or the NBER. The authors gratefully acknowledge the excellent research assistance of Erin Metcalf and Anne Moore, the contributions of Carl Boe in the development of the stochastic forecasting model, comments from Ed Palmer, Jason Seligman, Ole Settergren (none of whom is responsible for any remaining errors), participants in the NBER summer institute, the 8th annual RRC conference, and the October, 2006 NBER Conference on Retirement Research and support from Berkeley's NIA-funded Center for the Economics and Demography of Aging. The research funded here builds on basic research funded by NIA grant R37-AG11761.