Market Valuation of Accrued Social Security Benefits

Preprint, Book OPEN
John Geanakoplos; Stephen P. Zeldes; (2009)
  • Subject: Social security, Market value, Risk adjustment, Actuarial value, Wage bonds, Unfunded obligations
    • jel: jel:G1 | jel:H55 | jel:G12 | jel:E6 | jel:D91

One measure of the health of the Social Security system is the difference between the market value of the trust fund and the present value of benefits accrued to date. How should present values be computed for this calculation in light of future uncertainties? We think ... View more
  • References (16)
    16 references, page 1 of 2

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