| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w8329
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| 来源ID | Working Paper 8329
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| Social Security as a Financial Asset: Gender-Specific Risks and Returns |
| Marianne Baxter
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| 发表日期 | 2001-06-01
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| 出版年 | 2001
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| 语种 | 英语
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| 摘要 | Social Security is a financial asset whose 'purchase' is compulsory for most working individuals; the return during the individual's working lifetime is related to the rate of change of aggregate labor income. If an individual's labor income is strongly related to aggregate labor income, then the Social Security asset is a particularly unattractive asset. In this situation, the individual would benefit from a reformed Social Security system that would permit investment of retirement funds in other financial assets. This paper investigates how this aspect of Social Security risk varies across groups of individuals who differ according to gender; education; race; and age. The main finding is that there are important differences across groups in this component of Social Security risk, as captured by the sensitivity of individual-level income growth to changes in the SSWI. This element of risk is most important for women, especially women who are young-to-middle aged and with more education. This analysis suggests that women would have more to gain, compared with men, from a reformed Social Security system. |
| 主题 | Financial Economics
; Financial Institutions
; Public Economics
; Taxation
|
| URL | https://www.nber.org/papers/w8329
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565927
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推荐引用方式
GB/T 7714 |
Marianne Baxter. Social Security as a Financial Asset: Gender-Specific Risks and Returns. 2001.
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文件名：
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w8329.pdf
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格式：
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Adobe PDF
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