Criteria for the optimal design of a social security retirement system

Brown, Robert L. (Author). Canadian Electronic Library (Firm) (Added Author). Coherent Digital (Firm) (Added Author). McMaster University. SEDAP Research Program. (Added Author).

Summary: This paper discusses a series of selection points in the design and financing of social security retirement systems. For each criterion, the paper lists and discusses advantages and disadvantages of the options available. The selection points include: Funded versus PAYGO; Minimum benefits: Demogrant or Welfare; Progressive versus Regressive; Voluntary versus Mandatory; Individual Accounts versus Commingling of Risk; Public versus Private sourcing; Automatic Balancing Mechanisms; System Risk Diversification. It is the sincere hope of the author that this discussion will create even more debate of the issues surrounding these important selection criteria which, in turn, will result in better social security retirement systems for all.

Record details

Physical Description: 1 electronic text (20 p.) : digital file.
remote
Computer data.
electronic resource
Publisher: Hamilton, Ont. : SEDAP Research Program, McMaster University, 2010

Content descriptions

General Note:	"JEL classification: H55." "May 2010." CatMonthString:january.23 Issued as part of the desLibris documents collection. Multi-User.
Bibliography, etc. Note:	Includes bibliographical references (p. 15-16).
Formatted Contents Note:	Introduction -- Financing: funded versus PAYGO -- Minimum benefits: demogrant or welfare -- Progressive versus regressive -- Voluntary versus mandatory -- Individual accounts versus commingling of risk -- Public versus private -- Automatic balancing mechanisms -- Conclusion -- Bibliography.
Type of Computer File or Data Note:	Text (HTML), electronic book.
System Details Note:	Mode of access: Internet.
Terms Governing Use and Reproduction Note:	Access requires VIU IP addresses and is restricted to VIU students, faculty and staff. Access restricted by subscription.
Language Note:	Abstract in English and French.
Issuing Body Note:	Made available online by Canada Commons.