Tue Feb 1 15:01:01 EST 2005
The Social Security Advisory Board put out a paper in 2001 on this =
subject,
featuring contributions from Peter Diamond, John Shoven and John =
Campbell,
with an additional section from SSA's chief actuary explaining their
approach and rationale for equity return projections. The general =
subject
matter is close to what Dean Baker has been looking at.
The paper is available at this link:
http://www.ssab.gov/NEW/Publications/Financing/estimated%20rate%20of%20r=
etur
n.pdf
Best,
Andrew G. Biggs
Associate Commissioner for Retirement Policy
Social Security Administration