Corpus ID: 34347262

MARKET VALUATION OF ACCRUED SOCIAL SECURITY BENEFITS BY JOHN GEANAKOPLOS and STEPHEN P. ZELDES

@inproceedings{Geanakoplos2009MARKETVO,
  title={MARKET VALUATION OF ACCRUED SOCIAL SECURITY BENEFITS BY JOHN GEANAKOPLOS and STEPHEN P. ZELDES},
  author={John Geanakoplos and Stephen P. Zeldes},
  year={2009}
}
One measure of the health of the Social Security system is the difference between the present value of Social Security benefi ts accrued to date and the market value of the Social Security trust fund. This measure, referred to as the maximum transition cost, is comparable to the one used to gauge the fundedness of private defi ned benefi t pension plans and provides an estimate of the cost of switching from a primarily payasyougo Social Security system to a fullyfunded one. How should present… Expand
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