Bericht
The trouble with pensions: Toward an alternative public policy to support retirement
Pension funds have taken a big hit during the current financial crisis, with losses in the trillions of dollars. In addition, both private and public pensions are experiencing significant funding shortfalls, as is the government-run Pension Benefit Guaranty Corporation, which insures the defined-benefit pension plans of private American companies. Yeva Nersisyan and Senior Scholar L. Randall Wray argue that the employment-based pension system is highly problematic, since the strategy for managing pension funds leads to excessive cost and risk in an effort to achieve above-average returns. The average fund manager, however, will only achieve the risk-free return. The authors therefore advocate expanding Social Security and encouraging private and public pensions to invest only in safe (risk-free) Treasury bonds - which, on average, will beat the net returns on risky assets.
- ISBN
-
978-1-936192-05-2
- Sprache
-
Englisch
- Erschienen in
-
Series: Public Policy Brief ; No. 109
- Klassifikation
-
Wirtschaft
- Thema
-
Rentenfinanzierung
Pensionskasse
Bankenaufsicht
Gläubigerschutz
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nersisyan, Yeva
Wray, L. Randall
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Nersisyan, Yeva
- Wray, L. Randall
- Levy Economics Institute of Bard College
Entstanden
- 2010
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