Project Year: 2001

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Project

2001

The liability facing a pay-as-you-go social security system can be calculated in several ways. The exact liability measure chosen can significantly affect the conversion of a public pay-as-you-go system to a system based on individually funded accounts. Most...
Authors: Kent Smetters,
Project

2001

An early retirement window is an offer, by an employer, of a special incentive to retire at a particular time, beyond that provided by the firm’s pension plan. While such windows have attracted increasing attention in the academic literature and the business...
Authors: Charles Brown,