On Consumption Indexed Public Pension Plans

Robert C. Merton
Published Date
Copyright 1983
ISBN 0-226-06281-3
Financial Aspects of the United States Pension System
Book: Financial Aspects of the United States Pension System
Book editors: Zvi Bodie & John B. Shoven
PUBLISHER: University of Chicago Press
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Financial Economics
Public Economics

Published From Paper

On Consumption-Indexed Public Pension Plans
- Working Paper
Using the known result that life-cycle investors will optimally hold portfolios whose returns are perfectly correlated...

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