IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/18346_11.html
   My bibliography  Save this book chapter

Mending the financial safety net for savers

In: All Fall Down

Author

Listed:
  • .

Abstract

A new financial safety net is needed to protect household savings and promote financial stability. Based on information about holdings financial institutions already report about their clients for tax purposes, such a system should protect individuals rather than institutions using social security numbers to identify their accounts. It should cover holdings in more than one place— banks, pensions, or retirement accounts— up to the current amount of $250,000 and would be funded by a small insurance premium deducted from the earnings on the assets saved. In addition, reforms are needed to improve the governance of private pension funds. The mutual structure for TIAA that allows beneficiaries to choose management is a model that should be considered.

Suggested Citation

  • ., 2018. "Mending the financial safety net for savers," Chapters, in: All Fall Down, chapter 11, pages 82-88, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18346_11
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781788119481.00020.xml
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Menno Schellekens & Taha Yasseri, 2021. "Credit Crunch: The Role of Household Lending Capacity in the Dutch Housing Boom and Bust 1995-2018," Papers 2101.00913, arXiv.org.
    2. Xiao, Yi & Wang, Grace & Ge, Ying-En & Xu, Qinyi & Li, Kevin X., 2021. "Game model for a new inspection regime of port state control under different reward and punishment conditions," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 156(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:18346_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.