Rahman, Muhammad - Center for Applied Economics and Policy Research … - 2008
short of the private annuity market with no pension system. But social security in general increases social welfare, with …�t system appears to fare
better than all other alternatives, falling short of the private annuity market with no pension
system …, Life-cycle model, Annuity market,
Pay-as-you-go, Fully funded, De�ned bene�t, De�ned contribution.
1 Introduction
In this …