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2Robert C Merton, 1983. On the Role of Social Security as Means for Efficient Risk Sharing in an Economy Where Human Capital is Not Tradeable, Chapter 12 in Bodie and Shoven, eds, Financial Aspects of the U S Pension System, University of Chicago Press.
3Zvi Bodle, Alan J Memas, Robert C Merton. Defined Benefit Versus Defined Contribution Pension Plans: What are the Rear Tradeoffs? NBER Working Paper No 1719, October 1985.