Handbook of Asset and Liability Management, Vol. 2, No. suppl (C) • 2007

ISSN: 1872-0978

doi: 10.1016/S1872-0978(06)02022-9

Chapter 22 ALM Issues in Social Security*

Sandra L. Schwartz

Vancouver, BC V6N 2C9, Canada

E-mail address:slschwartz@mac.com,

William T. Ziemba,

Sauder School of Business, University of British Columbia, 2053 Main Mall, Vancouver, BC V6T 1Z2, Canada

Abstract

In this chapter we explore the issues surrounding the social security shortfall and the proposals for transforming social security into a sustainable retirement system. For the most part the description of the crisis is based on purely accounting type deterministic models that rely on demographic parameters. These models can also be used to show how simple tinkering ...

Get Handbook of Asset and Liability Management now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial