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Risk Aspects of Investment-Based Social Security Reform

By: John Y. Campbell (Author) , Martin Feldstein (Author)

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Ksh 22,800.00

Format: Hardback or Cased Book

ISBN-13: 9780226092553

Publisher: The University of Chicago Press

Publication Date: Dec 1st, 2000

Weight: 806 grams

Dimension: 2.40 x 1.60 x 0.30 cms

Category: Welfare & benefit systems

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As the ratio of retirees to taxpayers increases, concern about the high cost of providing benefits in a pay-as-you-go system has led to economists offering alternatives, one of which involves the investment in stocks and bonds of a person's holdings. This work examines the risks of such systems.

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