SAFETY NETS: INSURANCE POLICIES AND RETIREMENT PLANS

Nils H Hakansson
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Nils H Hakansson: University of California, Berkeley, USA

Chapter 3 in Social Security's Investment Shortfall: $8 Trillion Plus — and The Way Forward:Plus How the US Government's Financial Deficit Reporting = 64 Madoffs, 2012, pp 13-18 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe reason for purchasing an insurance policy is to protect oneself or an economic entity from the prospect of future loss. With respect to home, auto, or other property insurance no loss may occur. But if there is damage or destruction, the insured receives a payout in some form as compensation in accordance with the terms of the policy. What the insurance policy provides is a safety net that may or may not end up being needed. The same is true for disability insurance, (discontinued) term life insurance, long-term care insurance, liability insurance, unemployment insurance, as well as event insurance written to protect against terrorist attacks, for example…

Keywords: Quantitative Modelling; Statistical; Computer; Marketing; Neural Networks; Fuzzy Logic; K-Clique Model; Meta-Heuristics Investment; Social Security; Public Pension Plans; Trust Funds; Public Policy; Government Financial Reporting; Unified Budget; Economic Growth; National Debt; Pension Funds; Risk Premium; Entitlements; Passive Investments; Short-Term Borrowing; Private Social Security Accounts; Minimal Safety Net; Personal Safety Net; Long-Term; Total Returns; Compound Returns; Economies Of Scale; Fees; Administrative Expenses; Productivity; Administrative Independence; Transaction Costs; Market Impact; Mean Reversion; International Stocks; Moral Hazard; Economic Efficiency; Professional Management; Payroll Tax; Benefit; Beneficiary; Retirement; Survivor; Life Insurance; Disability Insurance; Contribution; Insurance Premium; Great Depression; Greenspan Commission; Inflation (search for similar items in EconPapers)
Date: 2012
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