Privatizing Social Security: First-Round Effects of a Generic, Voluntary, Privatized U.S. Social Security System

Alan L. Gustman and Thomas L. Steinmeier, Privatizing Social Security (University of Chicago Press, 1998), chap. 8, https://www.nber.org/books-and-chapters/privatizing-social-security/privatizing-social-security-first-round-effects-generic-voluntary-privatized-us-social-security.