Social security investment in equities
P Diamond, J Geanakoplos - American Economic Review, 2003 - aeaweb.org
This paper explores the general-equilibrium impact of social security portfolio diversification
into private securities, either through the trust fund or private accounts. The analysis …
into private securities, either through the trust fund or private accounts. The analysis …
Social security investment in equities I: Linear case
PA Diamond, J Geanakoplos - 1999 - nber.org
Social Security trust fund portfolio diversification to include some equities reduces the equity
premium by raising the safe real interest rate. This requires changes in taxes. Under the …
premium by raising the safe real interest rate. This requires changes in taxes. Under the …
Social Security Investment in Equities in an Economy with Short-Term Production and Land
PA Diamond, J Geanakoplos - 2000 - elischolar.library.yale.edu
This paper explores the general equilibrium impact of social security portfolio diversification
into private securities, either through the trust fund or via private accounts. The analysis …
into private securities, either through the trust fund or via private accounts. The analysis …
[引用][C] Among the elderly, Social Security income is distributed very differently than private pension and asset income. 2 For the bottom quintile of the income …
P Diamond, J Geanakoplos - 1999