Designing Social Security - A Portfolio Choice Approach

Egil Matsen and O. Thogersen

Working Papers from Norwegian School of Economics and Business Administration-

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.

Keywords: SOCIAL SECURITY; RISK; PORTFOLIO (search for similar items in EconPapers)
JEL-codes: D91 G11 H55 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2001
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Designing social security - a portfolio choice approach (2004)
Working Paper: Designing Social Security – A Portfolio Choice Approach (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:norgee:21/2001

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