Coverart for item
The Resource Social security's investment shortfall : $8 trillion plus -- and the way forward : plus how the US government's financial deficit reporting = 64 Madoffs, Nils H. Hakansson, University of California, Berkeley, USA, (electronic resource)

Social security's investment shortfall : $8 trillion plus -- and the way forward : plus how the US government's financial deficit reporting = 64 Madoffs, Nils H. Hakansson, University of California, Berkeley, USA, (electronic resource)

Label
Social security's investment shortfall : $8 trillion plus -- and the way forward : plus how the US government's financial deficit reporting = 64 Madoffs
Title
Social security's investment shortfall
Title remainder
$8 trillion plus -- and the way forward : plus how the US government's financial deficit reporting = 64 Madoffs
Statement of responsibility
Nils H. Hakansson, University of California, Berkeley, USA
Creator
Subject
Language
eng
Summary
  • This study documents that the notion of Social Security as a minimal safety net is consistent with the views of both Adam Smith and Friedrich Hayek and that private social security accounts are inefficient and subject to moral hazard and huge productivity losses. It also introduces a novel approach to long-term investing suitable for perpetual funds consistent with the empirical phenomena of risk premia and mean reversion, including no asset sales and the use of short-term borrowing on a rollover basis to cover negative net inflows
  • This study documents that the notion of Social Security as a minimal safety net is consistent with the views of both Adam Smith and Friedrich Hayek and that private social security accounts are inefficient and subject to moral hazard and huge productivity losses. It also introduces a novel approach to long-term investing suitable for perpetual funds consistent with the empirical phenomena of risk premia and mean reversion, including no asset sales and the use of short-term borrowing on a rollover basis to cover negative net inflows
  • This study documents that the notion of Social Security as a minimal safety net is consistent with the views of both Adam Smith and Friedrich Hayek and that private social security accounts are inefficient and subject to moral hazard and huge productivity losses. It also introduces a novel approach to long-term investing suitable for perpetual funds consistent with the empirical phenomena of risk premia and mean reversion, including no asset sales and the use of short-term borrowing on a rollover basis to cover negative net inflows
Member of
Cataloging source
BTCTA
http://library.link/vocab/creatorDate
1937-
http://library.link/vocab/creatorName
Hakansson, Nils Hemming
Dewey number
368.4/3/0097301
LC call number
HD7125
LC item number
.H28 2013
Series statement
World Scientific series in finance
Series volume
v. 3
http://library.link/vocab/subjectName
  • Social security
  • Social security
  • Social security
  • Social security
  • United States
Label
Social security's investment shortfall : $8 trillion plus -- and the way forward : plus how the US government's financial deficit reporting = 64 Madoffs, Nils H. Hakansson, University of California, Berkeley, USA, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 115-119) and index
Contents
  • Social security : a very brief overview -- Safety nets: insurance policies and retirement plans -- Shortcomings of social security -- If social security funds had been invested in marketable treasury bonds and stocks... with other things being equal -- Privatizing social security results in inefficiency, moral hazard, and very low productivity -- The way forward
  • Social security : a very brief overview -- Safety nets: insurance policies and retirement plans -- Shortcomings of social security -- If social security funds had been invested in marketable treasury bonds and stocks... with other things being equal -- Privatizing social security results in inefficiency, moral hazard, and very low productivity -- The way forward
  • Social security : a very brief overview -- Safety nets: insurance policies and retirement plans -- Shortcomings of social security -- If social security funds had been invested in marketable treasury bonds and stocks... with other things being equal -- Privatizing social security results in inefficiency, moral hazard, and very low productivity -- The way forward
Control code
OCM1bookssj0000789198
Dimensions
24 cm.
Dimensions
unknown
Extent
xv, 129 pages
Governing access note
License restrictions may limit access
Isbn
9789814407960
Lccn
2012360326
Other physical details
illustrations
Specific material designation
remote
System control number
(WaSeSS)ssj0000789198
Label
Social security's investment shortfall : $8 trillion plus -- and the way forward : plus how the US government's financial deficit reporting = 64 Madoffs, Nils H. Hakansson, University of California, Berkeley, USA, (electronic resource)
Publication
Bibliography note
Includes bibliographical references (pages 115-119) and index
Contents
  • Social security : a very brief overview -- Safety nets: insurance policies and retirement plans -- Shortcomings of social security -- If social security funds had been invested in marketable treasury bonds and stocks... with other things being equal -- Privatizing social security results in inefficiency, moral hazard, and very low productivity -- The way forward
  • Social security : a very brief overview -- Safety nets: insurance policies and retirement plans -- Shortcomings of social security -- If social security funds had been invested in marketable treasury bonds and stocks... with other things being equal -- Privatizing social security results in inefficiency, moral hazard, and very low productivity -- The way forward
  • Social security : a very brief overview -- Safety nets: insurance policies and retirement plans -- Shortcomings of social security -- If social security funds had been invested in marketable treasury bonds and stocks... with other things being equal -- Privatizing social security results in inefficiency, moral hazard, and very low productivity -- The way forward
Control code
OCM1bookssj0000789198
Dimensions
24 cm.
Dimensions
unknown
Extent
xv, 129 pages
Governing access note
License restrictions may limit access
Isbn
9789814407960
Lccn
2012360326
Other physical details
illustrations
Specific material designation
remote
System control number
(WaSeSS)ssj0000789198

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