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Public Policy Briefs, Levy Economics Institute of Bard College >
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http://hdl.handle.net/10419/54273
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Nersisyan, Yeva | | en_US |
| dc.contributor.author | | Wray, L. Randall | | en_US |
| dc.date.accessioned | | 2011-12-01 | | en_US |
| dc.date.accessioned | | 2012-01-06T14:08:41Z | | - |
| dc.date.available | | 2012-01-06T14:08:41Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.isbn | | 978-1-936192-05-2 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/54273 | | - |
| dc.description.abstract | | Pension 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.iso | | eng | | en_US |
| dc.publisher | | Levy Economics Inst. Annandale-on-Hudson, NY | | en_US |
| dc.relation.ispartofseries | | Public policy brief // Jerome Levy Economics Institute of Bard College 109 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Rentenfinanzierung | | en_US |
| dc.subject.stw | | Pensionskasse | | en_US |
| dc.subject.stw | | Bankenaufsicht | | en_US |
| dc.subject.stw | | Gläubigerschutz | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | The trouble with pensions: Toward an alternative public policy to support retirement | | en_US |
| dc.type | | Research Report | | en_US |
| dc.identifier.ppn | | 631373071 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Public Policy Briefs, Levy Economics Institute of Bard College
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