The Welfare Cost of Social Security's Impact on Private Saving PDF Download
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Author: Martin S. Feldstein
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 28
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Book Description
Although there have been several studies of the effect of social security on private saving, there has been no attempt to measure the welfare cost of this distortion. The present paper develops an analytic framework for this evaluation and presents numerical calculations.
Author: Martin S. Feldstein
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 28
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Book Description
Although there have been several studies of the effect of social security on private saving, there has been no attempt to measure the welfare cost of this distortion. The present paper develops an analytic framework for this evaluation and presents numerical calculations.
Author: Martin Feldstein
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Although there have been several studies of the effect of social security on private saving, there has been no attempt to measure the welfare cost of this distortion. The present paper develops an analytic framework for this evaluation and presents numerical calculations.
Author: Robert J. Barro
Publisher: Washington : American Enterprise Institute for Public Policy Research
ISBN:
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
Report on the impact of social security on private sector savings in the USA - presents the controversial points of view of r j barro and m feldstein concerning capital formation, taking into consideration consumer expenditure in the period from 1929 to 1974, and includes estimates on the reduction of personal savings due to social security wealth. References and statistical tables.
Author: Wonshik Kim
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 282
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Book Description
Author: Alicia Haydock Munnell
Publisher: Cambridge, Mass. : Ballinger Publishing Company
ISBN: 9780884102632
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Monograph on the impact of the social security and old age benefit programme on personal saving for retirement in the USA - includes the research methodology. Bibliography pp. 133 to 136, references and statistical tables.
Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241823
Category : Political Science
Languages : en
Pages : 484
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Book Description
This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Author: Michael R. Darby
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 112
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Book Description
Monograph on effects of social security on aggregate savings-income ratio in the USA - uses an economic model to estimate relationships between capital stock, labour supply and social security, etc., and finds that a regression run for 1947-1974 shows no effect of social security on saving. Bibliography pp. 85 to 88, graphs, references and statistical tables.
Author: Henry J. Aaron
Publisher: Washington, D.C. : Brookings Institution
ISBN:
Category : Political Science
Languages : en
Pages : 104
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Book Description
Research report evaluating economic implications of social security in the USA - discusses three competing economic theories on people's economic decision making, namely the life-cycle, multigeneration and short-horizon models, outlines historical trends and the impact of social security on saving, labour supply and long term income distribution. Graphs and references.
Author: Martin S. Feldstein
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 29
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Book Description
"This paper, which was presented as the 1979 Frank Paish Lecture to the British Association of University Teachers of Economics, provides a non-technical summary of the recent studies of the effects of social security on private saving. The first section discusses the theoretical indeterminacy of the effect of social security while the second part reviews the empirical studies. Although the traditional life cycle theory of saving clearly implies that the anticipation of social security benefits reduces private saving, a richer theoretical framework suggests several reasons why the saving response cannot be unambiguously established by theoretical reasoning. These reasons include the indirect effects of social security on retirement behavior, private pensions, and gifts and bequests. The econometric studies resolve this uncertainty and indicate that social security appears to reduce private saving substantially. These studies include(1) aggregate time series evidence on the U.S. saving rates over the past 50 years, (2) microeconomic evidence on the accumulation of wealth by a large sample of individual households, and (3) international comparisons of saving rates in major industrial countries"--NBER website.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230
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Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
