Tag: Railroad Retirement system
The brief’s key findings are: Investing part of Social Security’s reserves in equities has obvious appeal: a higher return means less tax hikes or benefit cuts. But critics fear that equity investment could interfere with private markets or signal that trading bonds for stocks creates magic money. The evidence from the U.S. and Canada shows that suc…
Steven A. Sass discusses the evolution of the U.S. Railroad Retirement System and whether its ability to invest its assets in private equities offers any lessons for Social Security. Click here to order or to download the PDF free of charg…
