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Designing Social Security - A Portfolio Choice Approach

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Listed author(s):
  • Matsen, E.
  • Thogersen, O.

Abstract

Public social security systems may provide diversification of risks to individuals' life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a "quasi-asset", we study the optimal size of the social security program as well as the optimal split between a funded part and a paygo part by means of a theoretical portfolio choice approach.

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Paper provided by Norwegian School of Economics and Business Administration- in its series Papers with number 21/2001.

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Length: 24 pages
Date of creation: 2001
Handle: RePEc:fth:norgee:21/2001
Contact details of provider: Postal:
NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, HELLEVEIEN 30, 5035 BERGEN SANDVIKEN NORWAY.

Phone: 5595 9000
Fax: 5595 9100
Web page: http://www.nhh.no/
Email:


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Keywords: SOCIAL SECURITY ; RISK ; PORTFOLIO;

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Find related papers by JEL classification:
  • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
  • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
  • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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.:

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