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Record W1015800782 · doi:10.1017/cbo9780511753855.013

Final Words

2006· book-chapter· en· W1015800782 on OpenAlexaff
Moshe A. Milevsky

Bibliographic record

VenueCambridge University Press eBooks · 2006
Typebook-chapter
Languageen
FieldBusiness, Management and Accounting
TopicFinancial Literacy, Pension, Retirement Analysis
Canadian institutionsYork University
Fundersnot available
KeywordsPayrollPensionInvestment (military)ScrutinyPlan (archaeology)State (computer science)WitnessEmployee Retirement Income Security ActRate of returnPension planBusinessAsset (computer security)FinanceSocial securityEconomicsAccountingPolitical sciencePoliticsMarket economyLaw

Abstract

fetched live from OpenAlex

During the year 2002, I was a firsthand witness to a historically unprecedented pension experiment that took place in the state of Florida. Every one of that state's more than 500,000 public employees—in addition to every new employee joining the state's payroll—was given the option of converting their traditional defined benefit (DB) pension plan into an individually managed defined contribution (DC) account. The DC investment plan was similar to a corporate-style 401(k) plan, under which the employee has full control over asset allocation and investment decisions. Florida's new Public Employee Optional Retirement Program (PEORP) was the focus of intense scrutiny by local and national media. This is because it was the largest such pension conversion in the history of the United States and was viewed by many observers as a potential laboratory for Social Security reform. Although at first the take-up rate for the DC plan was low, it is now estimated that over half of the state's new employees have decided to forgo the traditional DB pension and instead enroll in the DC investment plan. This large-scale transition from DB pension to DC accounts is not limited to the state of Florida or the United States alone. A number of other states— including a failed attempt by California Governor Schwarzenegger—have proposed converting their public employee DB plan into either a mandatory or optional DC plan. Several countries around the world—starting most prominently with Chile in the mid-1980s—have introduced DC-style pension savings accounts as an alternative to traditional DB pensions.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.004
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Other · Consensus signal: Other
Teacher disagreement score0.528
Threshold uncertainty score0.673

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.004
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0020.002
Science and technology studies0.0030.001
Scholarly communication0.0080.007
Open science0.0020.003
Research integrity0.0030.003
Insufficient payload (model declined to judge)0.5280.431

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.022
GPT teacher head0.186
Teacher spread0.163 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2006
Admission routes1
Has abstractyes

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Same venueCambridge University Press eBooksSame topicFinancial Literacy, Pension, Retirement AnalysisFrench-language works237,207