Work

Social Security in Theory and Practice (II): Efficiency Theories, Narrative Theories, and Implications for Reform

Year: 1999

Type: report

Abstract: For our purposes, a fully funded system is one which delivers a rate of return greater than the growth 1 of labor income without taxing that income at higher and higher rates.This definition rules out, for example, systems like Singapore's "Provident fund" which appears to be a fully funded system but in fact delivers rates of return to contributors of no

Source: National Bureau of Economic Research

DOI: 10.3386/w7119

Authors: Casey Mulligan, Xavier Sala-i-Martin

Institutions: National Bureau of Economic Research, University of Chicago, Columbia University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2132692012

Cites: 72

Cited by: 61

Related to: 10