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Financial Aspects of the United States Pension System (National Bureau of Economic Research Project Report)
 
 
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Financial Aspects of the United States Pension System (National Bureau of Economic Research Project Report) [Hardcover]

Zvi Bodie (Editor), John B. Shoven (Editor)

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Book Description

0226062813 978-0226062815 December 1, 1983
This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as
-What is the current financial status of the elderly, and how vulnerable are they to inflation?
-What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes?
-What roles can the social security system play in the provision of retirement income?
-What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy?
-How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock?
Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.

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Editorial Reviews

About the Author

Zvi Bodie is associate professor of finance and economics at Boston University School of Management. John B. Shoven is assistant professor of economics at Stanford University. Shoven is director and Bodie is a co-director of the National Bureau of Economic Research project on the economics of the United States Pension System.

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Inside This Book (learn more)
First Sentence:
Who owns the assets in the defined-benefit pension plans of corporations? Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
indexed private pension, common average interest rate, pension funding decisions, vested pension liabilities, nonliquid financial assets, real bill returns, unindexed pension, certain real return, nonpension wealth, variance pension, real bill rate, vested pension liability, corporate pension funding policy, nominal floor, valuing pension liabilities, private pension wealth, pension asset allocation, pension funding strategy, conventional accounting data, overall pension system, real retirement income, pension indexing, capita aggregate consumption, unfunded vested liabilities, inflation vulnerability
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, National Bureau of Economic Research, Working Paper, Journal of Finance, University of Chicago, Pension Benefit Guaranty Corporation, American Economic Review, Graduate School of Business, Journal of Political Economy, New York, Harvard University, Journal of Financial Economics, Internal Revenue Service, Median Mean, Quarterly Journal of Economics, Robert Merton, Massachusetts Institute of Technology, Review of Economic Studies, Department of Labor, Employee Retirement Income Security Act, Financial Analysts Journal, Government Printing Office, Journal of Public Economics, Martin Feldstein, Mean Pension Benefits
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