"USA." . . "USA" . "Privatisation États-Unis Congrès." . . "Kapitaldeckungsverfahren." . . "Altersversorgung." . . "USA" . . . . "Livres électroniques" . . . . . . . . . "Risk Aspects of Investment-Based Social Security Reform" . "<DIV>Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options. One involves \"prefunding,\" in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce-such as the volatility in the market prices of investment assets-are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions.</DIV>" . . . . . . . . . . . . . . "Risk Aspects of Investment Based Social Security Reform"@en . . . "Electronic books" . . "Electronic books"@en . . . "Conference papers and proceedings" . . . . . . "Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options. One involves \"prefunding,\" in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce--such as the volatility in the market prices of investment assets--are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions."@en . "Congressen (vorm)" . "Congressi" . . . . . . . "Conference proceedings" . "Conference proceedings"@en . . . . . . . "Risk aspects of investment-based social security reform" . "Risk aspects of investment-based social security reform"@en . . . . . . . . . . "Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options. One involves \"prefunding,\" in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce--such as the volatility in the market prices of investment a."@en . . . . . . . . . . "Electronic resource"@en . . . . . . . . "Risk aspects of investment-based social security reform : [papers pres. at an NBER conference held in Islamorada, Florida, Jan. 1999]" . . . . . . . "Social security Finance 20th century Congresses United States." . . "Privatisierung." . . "Privatisierung" . "Privatization." . . "Privatization" . "Finanzierung." . . "Electronic books." . . "Rentenreform" . . "Risque États-Unis Congrès." . . "Gesetzliche Rentenversicherung" . . "Investitionsrisiko." . . "Risiko." . . "Risiko" . "Social security United States Congresses." . . "Sociale zekerheid." . . "Rentenfinanzierung" . . "Sozialversicherung." . . "Sécurité sociale États-Unis Finances Congrès." . . "Kongress." . . "Privatization Employment 20th century Congresses United States." . . . . "POLITICAL SCIENCE Public Policy Social Security." . . "Reform." . . "Privatisations États-Unis Congrès." . . "Social security." . . "Social security" . "Privatisering." . . "Investeringen." . . "Risicoanalyse." . . "Social security United States." . . "Verenigde Staten." . . "Martin Feldstein." . . "Sécurité sociale États-Unis Congrès." . . "Social security Finance" . . "Social security Finance." . "Sozialversicherung Privatisierung Risiko USA Aufsatzsammlung." . . "United States" . . "United States." . "Privatization United States." . . "Social security United States Finance." . . "Privatization United States Congresses." . . "Pensioen." . . "National Bureau of Economic Research. <Cambridge, Mass.>." . . "Hervormingen." . . "Social security Employment 20th century Congresses United States." . . "Pensionskasse" . . "Social security United States Finance Congresses." . .