What is the most cost-effective way to organize individual accounts that are part of a mandatory social security system? Defined-contribution individual account components of social security systems are criticized for being too expensive. The authors investigate the cost-effectiveness of two methods for constructing mandatory individual accounts: a) Investing through the retail market with relatively open choice among investment companies (the method...
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2001/02/28
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Documento de trabalho sobre pesquisa de políticas
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WPS2554
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1
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1
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2010/07/01
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Administrative costs and the organization of individual retirement account systems : a comparative perspective
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economies of scale and scope
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