Cato Institute
Cato Project on Social Security Choice
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OVERSET QUOTES
The actual
Our analysis
volume of new
suggests little
investment is
to support the
unlikely to
assertion that
have a
only high-
significant
income
short-term
workers would
impact on
choose a
stock prices.
private
alternative.
The market-
based system
aged widows
pays higher
and widowers
benefits to all
are not
workers
disadvantaged
irrespective of
by a privatized
income, date
system; in
of birth,
fact, they may
chosen
be
portfolio, or
disadvantaged
received
by Social
subsidy.
Security.
Administrative
costs would
not be
excessive.
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