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Burton Malkiel Talks About Efficient Markets
In this video sponsored by Vanguard, Burton Malkiel, Princeton professor and author of "A Random Walk Down Wall Street," talks with RIJ editor Kerry Pechter about what "efficient market" means to him. The 10th edition of "A Random Walk" has just been published.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
December 7, 2011, Cover Stories, Marketing/Advertising
Unlikely Rescuer
At least three proposals have been floated to open state pensions to private sector workers who have no retirement plan. Given the troubles of many state plans, that's counterintuitive. Artwork by Zaza Khabuliani.
Concerned that only about half of all full-time workers in the U.S. are covered by an employer-sponsored retirement savings plan at any given time, a number of pension advocates, economists and public officials have hatched ideas for expanding coverage.
So far this fall, in separate initiatives, the National Conference on Public Employee Retirement Systems (NCPERS), economist and 401(k) critic Teresa Ghilarducci of The New School, and Massachusetts state representatives have proposed plans that would give more people access to state pension plans.
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