Asset Allocation and Risk Allocation: Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?

Thomas E. MaCurdy and John B. Shoven, Risk Aspects of Investment-Based Social Security Reform (University of Chicago Press, 2001), chap. 1, https://www.nber.org/books-and-chapters/risk-aspects-investment-based-social-security-reform/asset-allocation-and-risk-allocation-can-social-security-improve-its-future-solvency-problem.