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Volumn 28, Issue 4, 2006, Pages 427-444

Life-cycle personal accounts proposal for Social Security: An evaluation of President Bush's proposal

Author keywords

Dynamic portfolio theory; Life cycle portfolio; Social Security system

Indexed keywords


EID: 33645984526     PISSN: 01618938     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpolmod.2005.10.010     Document Type: Article
Times cited : (22)

References (22)
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  • 2
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    • Benzoni, L., Collin-Dufresne, P., & Goldstein, R. S. Portfolio choice over the life-cycle in the presence of trickle-down labor income.
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    • Global stock markets in the twentieth century
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    • Brown, S.J.1    Goetzmann, W.N.2    Jorion, P.3
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    • Geanakoplos, J., Mitchell, O. S., & Zeldes, S. P. (2000). Social Security Money's Worth Cowles Foundation Discussion Paper No. 1005.
  • 9
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    • Market behavior, savings behavior, and portfolio choice
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    • (1997) Journal of Finance , vol.55 , pp. 1163-1198
    • Heaton, J.1    Lucas, D.2
  • 10
    • 33645976513 scopus 로고    scopus 로고
    • Lynch, A., & Tan, S. (2004, November). Labor income dynamics at business-cycle frequencies: Implications for portfolio choice. Unpublished paper, Stern School of Business, New York University.
  • 11
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    • An intertemporal capital asset pricing model
    • Merton R.C. An intertemporal capital asset pricing model. Econometrica 41 (1973) 867-880
    • (1973) Econometrica , vol.41 , pp. 867-880
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  • 12
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    • Office of the Press Secretary. (2005a, February 2). The White House, Background Press briefing on Social Security.
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    • Office of the Press Secretary. (2005b, February). Strengthening Social Security for the 21st century.
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    • President's Commission to Strengthen Social Security. (2001). Strengthening Social Security and creating personal wealth for all Americans.
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    • Samuelson, P. A. (1969). Lifetime portfolio selection by dynamic stochastic programming. Review of Economics and Statistics, 51, 239-246. (Reprinted in Stiglitz, J. (Ed.). (1972). The collected scientific papers of Paul A. Samuelson (Vol 3, pp. 883-890). MIT Press.)
  • 19
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    • Shiller, R. J. (2005c). Life-cycle portfolios as government policy. Economist's Voice, 2(1) (Article 14).
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    • Optimal portfolio choice for long-horizon returns with non-tradable labor income
    • Viceira L. Optimal portfolio choice for long-horizon returns with non-tradable labor income. Journal of Finance 56 (2001) 433-470
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    • Viceira, L.1
  • 22
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    • Whitehouse, M. (2005, February 28). Social Security overhaul plan leans on a bullish market. Wall Street Journal, p. C1 col. 2, C col. 6.


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.