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Personal Retirement Accounts and Social Security Reform
Olivia S. Mitchell, published by the Pension Research CouncilLink to more items from this source
Apr. 11, 2002

Working paper temporarily available for downloading. Excerpt: Some ... argue that personal accounts would provide all workers a higher rate of return than can be paid under the current Social Security system. In this note, I explore the limits of this last argument. I show that Social Security returns are projected to be low mainly because today's workers are committed to paying for the system's past debt. [WP2002-07]

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