This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

How Would Financial Risk Affect Retirement Income Under Individual Accounts?

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Gary Burtless () (Center for Retirement Research)

Additional information is available for the following registered author(s):

Abstract

A popular proposal for reforming Social Security is to supplement or replace traditional publicly financed benefits with a new system of mandatory, defined contribution private pensions. Proponents claim that private plans offer better returns than traditional Social Security. To achieve higher returns, however, contributors are exposed to extra risks associated with financial market fluctuations. This issue in brief offers evidence on the extent of these risks by considering the hypothetical pensions U.S. workers would have obtained during the past century if they had accumulated retirement savings in individual accounts.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://crr.bc.edu/images/stories/Briefs/ib_5.pdf
File Format:
File Function:
Download Restriction: no

Publisher Info
Paper provided by Center for Retirement Research in its series Issues in Brief with number ib-5.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 28 Mar 2003
Date of revision:
Handle: RePEc:crr:issbrf:ib-5

Contact details of provider:
Postal: 550 Fulton Hall, Chestnut Hill, MA 02467
Phone: (617) 552-1762
Fax: (617) 552-1750
Email:
Web page: http://www.bc.edu/centers/crr/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Christopher F Baum).

Related research
Keywords:

Other versions of this item:

This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Gary Burtless, 2000. "Social Security Privatization and Financial Market Risk: Lessons from U.S. Financial History," Discussion Papers of DIW Berlin 211, DIW Berlin, German Institute for Economic Research. [Downloadable!]
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Purvi Sevak, 2002. "Wealth Shocks and Retirement Timing: Evidence from the Nineties," Working Papers wp027, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  2. Alicia H. Munnell & Anthony Webb & Alex Golub-Sass, 2008. "How Much Risk is Acceptable?," Issues in Brief ib2008-8-20, Center for Retirement Research, revised Nov 2008. [Downloadable!]
  3. Thomas L. Hungerford, 2003. "U.S. Workers' Investment Decisions for Participant-Directed Defined Contribution Pension Assets," Economics Working Paper Archive 375, Levy Economics Institute, The. [Downloadable!]
  4. Cori E. Uccello & Melissa M. Favreault & Karen E. Smith & Lawrence H. Thompson, 2004. "Simulating The Distributional Consequences Of Personal Accounts: Sensitivity To Annuitization Options," Working Papers, Center for Retirement Research at Boston College 2003-17, Center for Retirement Research. [Downloadable!]
Statistics
Access and download statistics

Did you know? Over 80% of the top 1000 economists are registered on RePEc.

This page was last updated on 2009-11-14.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.