What If Social Security Had to Mark to Market?
Laurence Kotlikoff: “Were the trustees to price Social Security’s implicit liabilities and assets based on risk as well as safety, they would show a net liability that is higher by almost one-fourth.”
Laurence Kotlikoff: “Were the trustees to price Social Security’s implicit liabilities and assets based on risk as well as safety, they would show a net liability that is higher by almost one-fourth.”