Search Results - subject:"unfunded"

Market Valuation of Accrued Social Security Benefits

Geanakoplos, John; Zeldes, Stephen P. - Cowles Foundation for Research in Economics, Yale University - 2009

One measure of the health of the Social Security system is the difference between the market value of the trust fund and the present value of benefits accrued to date. How should present values be computed for this calculation in light of future uncertainties? We think it is important to use...

Persistent link: https://www.econbiz.de/10005036152

Social Security Reform and Temptation

Kumru, Cagri Seda; Thanopoulos, Athanasios C. - CESifo - 2009

This paper analyzes a fully funded social security system under the assumption that agents face temptation issues. Agents are required to save through individually managed Personal Security Accounts without, and with mandatory annuitization. When the analysis is restricted to CRRA preferences...

Persistent link: https://www.econbiz.de/10008572566

On the Implications of Two-way Altruism in Human-Capital-Based OLG Model

Aoki, Takaaki - Volkswirtschaftliche Fakultät, … - 2008

(1993). Some properties in both a transition process and a steady state, and the effect of unfunded social security on an …, and (4) unfunded social security tax, which involves actuarially fair insurance as well as certainty premium transfer …

Persistent link: https://www.econbiz.de/10005790136

The effects of retiree health insurance plan characteristics on retirees' choice and employers' costs

Clark, Robert L.; Morill, Melinda Sandler; Vanderweide, … - In: Journal of health economics 38 (2014), pp. 119-129

Persistent link: https://www.econbiz.de/10011282062

Socially responsible investing and public pension fund performance

Marlowe, Justin - In: Public performance & management review 38 (2014/15) 2, pp. 337-358

Persistent link: https://www.econbiz.de/10010526863

The effect of unfunded pension liabilities on corporate bond ratings, default risk, and recovery rate

Wang, F. Albert; Zhang, Ting - In: Review of quantitative finance and accounting 43 (2014) 4, pp. 781-802

Persistent link: https://www.econbiz.de/10010490992

Implicit debt capitalization in local housing prices : an example of unfunded pension liabilities

MacKay, Robert C. - In: National tax journal 67 (2014) 1, pp. 77-112

Persistent link: https://www.econbiz.de/10010390175

The political economy of unfunded public pension liabilities

Kelley, Dashle - In: Public Choice 158 (2014) 1, pp. 21-38

This paper applies a public choice approach to the problem of unfunded pension liabilities and adopts the methodology … explanation for the current levels of unfunded liabilities; hence, both median voter preferences and special interest group …

Persistent link: https://www.econbiz.de/10010988066

The effect of unfunded pension liabilities on corporate bond ratings, default risk, and recovery rate

Wang, F.; Zhang, Ting - In: Review of Quantitative Finance and Accounting 43 (2014) 4, pp. 781-802

Unfunded pension liabilities lower ratings of non-senior secured bonds but do not affect ratings of senior secured … (downgrade). Moreover, large unfunded liabilities increase bond default risk and reduce the recovery rate of bondholders after … highlight the important effects of unfunded pension obligations on bond ratings, default risk, and creditors’ payoff, and …

Persistent link: https://www.econbiz.de/10010959352

The effects of retiree health insurance plan characteristics on retirees’ choice and employers’ costs

Clark, Robert L.; Morrill, Melinda Sandler; … - In: Journal of Health Economics 38 (2014) C, pp. 119-129

effects on annual costs and unfunded accrued liabilities were relatively modest, but growth rates were diminished. Increases …

Persistent link: https://www.econbiz.de/10011117218