Designing Social Security - A Portfolio Choice Approach.

Public social security systems may provide diversification of risks to individuals' life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a "quasi-asset", we study the optimal size of the social security program as well as the optimal split between a funded part and a paygo part by means of a theoretical portfolio choice approach.

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Year of publication:	2001
Authors:	Matsen, E. ; Thogersen, O.
Institutions:	Norges Handelshøyskole (NHH)
Subject:	SOCIAL SECURITY \| RISK \| PORTFOLIO

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Series:	Norwegian School of Economics and Business Administration-.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	H55 - Social Security and Public Pensions ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; G11 - Portfolio Choice
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005671996