skip to content
Mutual Funds and Institutional Investments : What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System? Preview this item
ClosePreview this item
Checking...

Mutual Funds and Institutional Investments : What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?

Author: Estelle James; Gary Ferrier; James Smalhout; Dimitri Vittas
Publisher: Washington, D.C : The World Bank, 1999.
Series: World Bank E-Library Archive
Edition/Format:   Computer file : English
Summary:
S without high marketing costs. But it gives workers no choice and is subject to political manipulation and misallocation of capital. The system of constrained choice (option 2) is much cheaper than the retail option and only slightly more expensive than a single centralized fund. It allows scale economies in asset management and record-keeping while incurring low marketing costs and allowing significant worker  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Estelle James; Gary Ferrier; James Smalhout; Dimitri Vittas
OCLC Number: 874225575
Reproduction Notes: Reproduction. s.l.
Description: 1 online resource (65 p.)
Series Title: World Bank E-Library Archive
Responsibility: James, Estelle.

Abstract:

S without high marketing costs. But it gives workers no choice and is subject to political manipulation and misallocation of capital. The system of constrained choice (option 2) is much cheaper than the retail option and only slightly more expensive than a single centralized fund. It allows scale economies in asset management and record-keeping while incurring low marketing costs and allowing significant worker choice. It is also more effectively insulated from political interference than a single centralized fund. The authors estimate that option 2 would cost only 0.14 percent-0.18 percent of assets annually. Such large administrative cost savings imply a Pareto improvement-so long as choice is not constrained too much. This paper-a product of Poverty and Human Resources and Finance, Development Research Group-was prepared for a National Bureau of Economic Research Conference on Social Security held on December 4, 1998. The authors may be contacted at ejames3@worldbank.org or dvittas@worldbank.org.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/874225575> # Mutual Funds and Institutional Investments What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
    a schema:CreativeWork, bgn:ComputerFile ;
    library:oclcnum "874225575" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/5219067553#Place/washington_d_c> ; # Washington, D.C
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/xxu> ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/5219067553#Person/vittas_dimitri> ; # Dimitri Vittas
    schema:contributor <http://experiment.worldcat.org/entity/work/data/5219067553#Person/ferrier_gary> ; # Gary Ferrier
    schema:contributor <http://experiment.worldcat.org/entity/work/data/5219067553#Person/smalhout_james> ; # James Smalhout
    schema:contributor <http://experiment.worldcat.org/entity/work/data/5219067553#Person/james_estelle> ; # Estelle James
    schema:creator <http://experiment.worldcat.org/entity/work/data/5219067553#Person/james_estelle> ; # Estelle James
    schema:datePublished "1999" ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/5219067553> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/5219067553#Series/world_bank_e_library_archive> ; # World Bank E-Library Archive,
    schema:name "Mutual Funds and Institutional Investments What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?" ;
    schema:productID "874225575" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/874225575#PublicationEvent/washington_d_c_the_world_bank_1999> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/5219067553#Agent/the_world_bank> ; # The World Bank
    schema:reviews <http://www.worldcat.org/title/-/oclc/874225575#Review/-482167739> ;
    schema:url <http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2099> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/874225575> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/5219067553#Agent/the_world_bank> # The World Bank
    a bgn:Agent ;
    schema:name "The World Bank" ;
    .

<http://experiment.worldcat.org/entity/work/data/5219067553#Person/ferrier_gary> # Gary Ferrier
    a schema:Person ;
    schema:familyName "Ferrier" ;
    schema:givenName "Gary" ;
    schema:name "Gary Ferrier" ;
    .

<http://experiment.worldcat.org/entity/work/data/5219067553#Person/james_estelle> # Estelle James
    a schema:Person ;
    schema:familyName "James" ;
    schema:givenName "Estelle" ;
    schema:name "Estelle James" ;
    .

<http://experiment.worldcat.org/entity/work/data/5219067553#Person/smalhout_james> # James Smalhout
    a schema:Person ;
    schema:familyName "Smalhout" ;
    schema:givenName "James" ;
    schema:name "James Smalhout" ;
    .

<http://experiment.worldcat.org/entity/work/data/5219067553#Person/vittas_dimitri> # Dimitri Vittas
    a schema:Person ;
    schema:familyName "Vittas" ;
    schema:givenName "Dimitri" ;
    schema:name "Dimitri Vittas" ;
    .

<http://experiment.worldcat.org/entity/work/data/5219067553#Place/washington_d_c> # Washington, D.C
    a schema:Place ;
    schema:name "Washington, D.C" ;
    .

<http://experiment.worldcat.org/entity/work/data/5219067553#Series/world_bank_e_library_archive> # World Bank E-Library Archive,
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/874225575> ; # Mutual Funds and Institutional Investments What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
    schema:name "World Bank E-Library Archive," ;
    .

<http://www.worldcat.org/title/-/oclc/874225575>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/874225575> ; # Mutual Funds and Institutional Investments What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
    schema:dateModified "2018-07-08" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .

<http://www.worldcat.org/title/-/oclc/874225575#Review/-482167739>
    a schema:Review ;
    schema:itemReviewed <http://www.worldcat.org/oclc/874225575> ; # Mutual Funds and Institutional Investments What Is the Most Efficient Way to Set Up Individual Accounts in a Social Security System?
    schema:reviewBody "S without high marketing costs. But it gives workers no choice and is subject to political manipulation and misallocation of capital. The system of constrained choice (option 2) is much cheaper than the retail option and only slightly more expensive than a single centralized fund. It allows scale economies in asset management and record-keeping while incurring low marketing costs and allowing significant worker choice. It is also more effectively insulated from political interference than a single centralized fund. The authors estimate that option 2 would cost only 0.14 percent-0.18 percent of assets annually. Such large administrative cost savings imply a Pareto improvement-so long as choice is not constrained too much. This paper-a product of Poverty and Human Resources and Finance, Development Research Group-was prepared for a National Bureau of Economic Research Conference on Social Security held on December 4, 1998. The authors may be contacted at ejames3@worldbank.org or dvittas@worldbank.org." ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.