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Theresa Ghilarducci

Titles by This Author

The Economics and Politics of Private Pensions

Why are pension funds so large and benefits so small? This examination of the 120-year-old American system of privatized social insurance—often called, at 1.7 trillion dollars, the biggest lump of money in the world—reveals that the system fails to provide adequate retirement income security, its most prominent goal, and, in fact, its greatest influence is in supplying funds to U.S. capital markets.