EconStor >
Bard College, Annandale-on-Hudson (NY) >
Levy Economics Institute of Bard College >
Public Policy Briefs, Levy Economics Institute of Bard College >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/54273
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorNersisyan, Yevaen_US
dc.contributor.authorWray, L. Randallen_US
dc.date.accessioned2011-12-01en_US
dc.date.accessioned2012-01-06T14:08:41Z-
dc.date.available2012-01-06T14:08:41Z-
dc.date.issued2010en_US
dc.identifier.isbn978-1-936192-05-2en_US
dc.identifier.urihttp://hdl.handle.net/10419/54273-
dc.description.abstractPension funds have taken a big hit during the current financial crisis, with losses in the trillions of dollars. In addition, both private and public pensions are experiencing significant funding shortfalls, as is the government-run Pension Benefit Guaranty Corporation, which insures the defined-benefit pension plans of private American companies. Yeva Nersisyan and Senior Scholar L. Randall Wray argue that the employment-based pension system is highly problematic, since the strategy for managing pension funds leads to excessive cost and risk in an effort to achieve above-average returns. The average fund manager, however, will only achieve the risk-free return. The authors therefore advocate expanding Social Security and encouraging private and public pensions to invest only in safe (risk-free) Treasury bonds - which, on average, will beat the net returns on risky assets.en_US
dc.language.isoengen_US
dc.publisherLevy Economics Inst. Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesPublic policy brief // Jerome Levy Economics Institute of Bard College 109en_US
dc.subject.ddc330en_US
dc.subject.stwRentenfinanzierungen_US
dc.subject.stwPensionskasseen_US
dc.subject.stwBankenaufsichten_US
dc.subject.stwGläubigerschutzen_US
dc.subject.stwUSAen_US
dc.titleThe trouble with pensions: Toward an alternative public policy to support retirementen_US
dc.typeResearch Reporten_US
dc.identifier.ppn631373071en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Public Policy Briefs, Levy Economics Institute of Bard College

Files in This Item:
File Description SizeFormat
631373071.pdf894.29 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.