Anderson, Michael; Yamagata, Hisashi; Tuljapurkar, Shripad - Institute for Social Research (ISR), University of Michigan - 2001
In this paper, we compute distributions of rates of return by cohort for the Social Security retirement system, using a combination of historical data and stochastic forecasts of productivity and mortality rates. Since our forecasts of productivity and mortality are stochastic, the rate-ofreturn...
