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Would a Privatized Social Security System Really Pay a Higher Rate of Return
5 references·16 citing·45 second hop
Would a Privatized Social Security System Really Pay a Higher Rate of Return (2000)Would a Privatized Social Security System…How Do Household Portfolio Shares Vary with Age (2000)How Do Household Portfolio Sh…Family Finance in the U.S.: Recent Evidence from the Survey of Consumer Finances (1997)Family Finance in the U.S.: R…"Social Security Privatization: A Structure for Analysis" (1996)"Social Security Privatizatio…Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy (1994)Generational Accounting: A Me…Stocks, bonds, bills, and inflation yearbook (1993)Stocks, bonds, bills, and inf…Optimal mix between pay-as-you-go and funding for DC pension schemes in an overlapping generations model (2016)Optimal mix between pay-as-yo…ANALYZING THE EFFICIENCY OF PENSION REFORM: THE ROLE OF THE WELFARE EFFECTS OF FISCAL CLOSURES (2016)ANALYZING THE EFFICIENCY OF P…The Limits of Pension Privatization: Lessons from Argentine Experience (2008)The Limits of Pension Privati…Structural Reform of Social Security (2005)Structural Reform of Social S…Asset Returns and Economic Growth (2005)Asset Returns and Economic Gr…Public Investment and the Risk Premium for Equity (2003)Public Investment and the Ris…James Tobin: An Appreciation of his Contribution to Economics (2003)James Tobin: An Appreciation …Junior must pay pricing the implicit put in privatizing Social Security (2002)Junior must pay pricing the i…Ensuring Health and Income Security for an Aging Workforce (2001)Ensuring Health and Income Se…Why a Funded Pension System is Useful and Why It is Not Useful (2000)Why a Funded Pension System i…Social Security Money's Worth (2000)Social Security Money's WorthLifetime Earnings Patterns, the Distribution of Future Social Security Benefits, and the Impact of Pension Reform (2000)Lifetime Earnings Patterns, t…Does it Matter What Type of Pension Scheme You Have? (2000)Does it Matter What Type of P…Social Security Money's Worth (1999)Social Security Money's WorthSocial Security Investment in Equities I: Linear Case (1999)Social Security Investment in…Risk sharing and transition costs in the reform of pension systems in Europe (1999)Risk sharing and transition c…Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Status quo bias in decision making (1988)Owner-Occupied Housing and the Composition of the Household Portfolio (2002)Stock return predictability and model uncertainty (2002)Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions (2003)The Econometrics of Financial Markets (2012)A Contribution to the Theory of Economic Growth (1956)The equity premium: A puzzle (1985)Capital-Market Imperfections and Investment (1997)Some Evidence on Secular Drivers of U.S. Safe Real Rates (2018)Revisiting the effects of energy, population, foreign direct investment, and economic growth in Visegrad countries under the EKC scheme (2022)Dividend yields and expected stock returns (1988)Stock Prices, Earnings, and Expected Dividends (1988)Fiscal Policy and Growth in the Context of European Integration (2000)Public Services Or Corporate Welfare: Rethinking the Nation State in the Global Economy (2001)Ageing and International Capital Flows (2002)Lectures on macroeconomics (1990)Averting the old age crisis (1995)New Evidence on the Money's Worth of Individual Annuities (1999)When Do Benevolent Capitalists Change Their Mind? Explaining the Retrenchment of Defined-benefit Pensions in Britain (2005)The Shift from Defined Benefit to Defined Contribution Pension Plans - Implications for Asset Allocation and Risk Management (2006)Retirement Savings: A Tale of Decisions and Defaults (2014)Consumption and Liquidity Constraints: An Empirical Investigation (1989)Dynamic Fiscal Policy. (1989)Increasing the capital income tax may lead to faster growth (1996)Transparency in Government Operations (1998)Very Long-Run Discount Rates * (2014)American Economic Review (2019)A framework for social security analysis (1977)Assessing Dynamic Efficiency: Theory and Evidence (1989)Discounting Inside the Washington D.C. Beltway (1999)U.S. Earnings Levels and Earnings Inequality: A Review of Recent Trends and Proposed Explanations (1992)International Trade and the Rise in Earnings Inequality (1995)Would a Privatized Social Security System Really Pay a Higher Rate of Return? (1999)How Effective is Redistribution Under the Social Security Benefit Formula? (2008)Social Security Replacement Rates for Alternative Earnings Benchmarks (2008)What Replacement Rates do Households Actually Experience in Retirement? (2012)Wealth Inequality in the United States (2000)Housing and wealth inequality: Racial-ethnic differences in home equity in the United States (2004)Top Wealth Shares in the United States, 1916–2000: Evidence from Estate Tax Returns (2004)Macroeconomic Aspects of Social Security Reform (1997)The future of pensions in Europe (1999)The Search for the Best Financial Performance Measure (1997)Macroeconomic news and bond market volatility1We thank Walter Toshi Baily, Bob Korajczyk, Jim Poterba, Mark Watson, seminar participants at the University of Chicago, Columbia University, Cornell University, and the University of Montreal, and especially Ludger Hentschel (the referee) for helpful comments. We also thank Mark Mitchell for supplying data, and Amy C. Ko and Sydney Ludvigson for research assistance. Lamont was supported by the FMC Faculty Research Fund at the Graduate School of Business, University of Chicago. A portion of this research was completed while Lumsdaine was a National Fellow at the Hoover Institution. We also thank the Financial Research Center at Princeton University for support. A previous version of this paper circulated as `Public Information and the Persistence of Bond Market Volatility'.1 (1998)Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth (2005)
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References

  • 2000How Do Household Portfolio Shares Vary with Age550 cited
  • 1994Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy482 cited
  • 1993Stocks, bonds, bills, and inflation yearbook379 cited
  • 1997Family Finance in the U.S.: Recent Evidence from the Survey of Consumer Finances188 cited
  • 1996"Social Security Privatization: A Structure for Analysis"114 cited

Cited by

  • 2005Asset Returns and Economic Growth104 cited
  • 1999Social Security Money's Worth100 cited
  • 2000Does it Matter What Type of Pension Scheme You Have?77 cited
  • 2000Lifetime Earnings Patterns, the Distribution of Future Social Security Benefits, and the Impact of Pension Reform71 cited
  • 1999Risk sharing and transition costs in the reform of pension systems in Europe71 cited
  • 2000Why a Funded Pension System is Useful and Why It is Not Useful62 cited
  • 2008The Limits of Pension Privatization: Lessons from Argentine Experience59 cited
  • 2003James Tobin: An Appreciation of his Contribution to Economics46 cited
  • 2000Social Security Money's Worth41 cited
  • 2003Public Investment and the Risk Premium for Equity37 cited

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  • 2001Ensuring Health and Income Security for an Aging Workforce35 cited
  • 2005Structural Reform of Social Security29 cited
  • 2016ANALYZING THE EFFICIENCY OF PENSION REFORM: THE ROLE OF THE WELFARE EFFECTS OF FISCAL CLOSURES27 cited
  • 2002Junior must pay pricing the implicit put in privatizing Social Security27 cited
  • 2016Optimal mix between pay-as-you-go and funding for DC pension schemes in an overlapping generations model26 cited
  • 1999Social Security Investment in Equities I: Linear Case25 cited