Risk Aspects of Investment-Based Social Security Reform

€254.90


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Product Information

ISBN9780226092553
PublisherThe University of Chicago Press
Price (excl. tax)€240.47
Tax€14.43
Price (incl. tax)€254.90
Availability1 unit in external warehouse

Product Description

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.