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Documents Lee, Ronald 2 results

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Stochastic infinite horizon forecasts for US social security finances
"Even over a 75-year horizon, forecasts of PAYGO pension finances are misleadingly optimistic. Infinite horizon forecasts are necessary, but are they possible? We build on earlier stochastic ...
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Population dynamics: social security, markets, and families
"Upward intergenerational flows — from the working ages to old age — are increasing substantially in the advanced industrialized countries and are much larger than in developing countries. Population ...