Is the Social Security Trust Fund Worth Anything?
- Topics:
- Accounting software,
- Commercial Lending,
- Debt
- Tags:
- Asset Management,
- Surplus,
- Storage,
- Social Security,
- Operational Planning,
- Investment,
- Hardware,
- Financing,
- Financial Accounting,
- Finance,
- ...
- Source:
- University of Pennsylvania
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Overview: With over $1 trillion in assets, the U.S. Social Security trust fund is the largest pension reserve in the world, and potentially a model for other developed countries facing future financing problems. This paper provides a unified conceptual framework for thinking rigorously about the assets accumulated in the trust fund. Multiple perspectives of the trust fund are identified and are summarized under two categories: storage technology arguments and ownership arguments. Storage technology arguments focuses on whether the trust fund surpluses actually reduce the level of debt held by the public or, alternatively, are used to "Hide" smaller on-budget surpluses.
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Format: PDF | Size: 305KB | Date: Jun 2003 | Pages: 41
