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

Author : Hakansson, Nils Hemming, 1937-
Rating :
Social security's investment shortfall : $8 trilli...

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

Publisher : Hackensack NJ
Publish Year :
Category : Social Enterprise
Page : xv, 129 pages
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