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  • 1983
  • Chapter
  • Financial Aspects of the U.S. Pension System

On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital is Not Tradeable

By: Robert C. Merton
  • Format:Print
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Keywords

Risk Management; Human Capital; Compensation and Benefits

Citation

Merton, Robert C. "On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital is Not Tradeable." In Financial Aspects of the U.S. Pension System, edited by Zvi Bodie and John B. Shoven. Chicago: University of Chicago Press, 1983. (Reprinted in The Foundations of Pension Finance, Volume I, Zvi Bodie and E. Philip Davis, eds., Edward Elger, 2000.)
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About The Author

Robert C. Merton

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    No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

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    By: Robert C. Merton and Robert T. Thakor
    • July–August 2014
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    The Crisis in Retirement Planning

    By: Robert C. Merton
More from the Author
  • No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions By: Robert C. Merton and Richard T. Thakor
  • Customers and Investors: A Framework for Understanding Financial Institutions By: Robert C. Merton and Robert T. Thakor
  • The Crisis in Retirement Planning By: Robert C. Merton
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