Tabla de Contenidos:
  • Individual accounts and social security reform
  • Introduction to individual accounts
  • Individual accounts in social security reform : the debate
  • Agency risk and the management of individual account investments by corporations and mutual funds
  • Individual management risk
  • Labor market issues
  • Benefits and taxes
  • Summary and conclusions
  • Appendix A : Dealing with financial market risks : guarantees in individual accounts
  • Appendix B : Labor market distortions due to contribution evasion and avoidance.