SAVING, INVESTMENT, AND SOCIAL SECURITY
نویسندگان
چکیده
منابع مشابه
Social Security, Saving, and Capital Formation
Much controversy has developed recently over capital formation and the claim that the eocial security system has reduced savings and a3 a reeult the potential for economic growth in this country. Concerned that there was much misunderstanding with respect to the subject, the Comm483ioner of Social Security asked the Ofice of Reeearch and Statietics to make a presentation to top-level stag to cl...
متن کاملSocial security and private saving: another look.
In May 1978, the Social Security Bulletin published an article, “Effect of Social Security on Saving: Review of Studies Using U.S. Time-Series Data,” by Louis Esposito, Division of Economic and Long-Range Studies, Office of Research and Statistics, Social Security Administration. The author reviewed four major empirical studies that investigated the effect of the social security program on aggr...
متن کاملSaving, Investment, and Growth: A Causality Test
In the second half of the last century, tremendous efforts were devoted to identifying sources of economic success by a few countries and causes of failure by most. In this process a voluminous literature ranging from the neo-classical to Marxist, neo-Marxist, and dependency theories has been developed to answer the question of disparity among different countries of the north vis-à-vis those of...
متن کاملSocial Security Investment in Equities
This paper explores the general-equilibrium impact of social security portfolio diversi cation into private securities, either through the trust fund or private accounts. The analysis depends critically on heterogeneities in saving, production, assets, and taxes. Limited diversication weakly increases interest rates, reduces the expected return on short-term investment (and the equity premium...
متن کاملSocial security and private saving: theory and historical evidence.
This article is a nontechnical presentation of the debate that has gone on during the past decade over whether the U.S. social security system has depressed private saving in the economy. The heart of the article is an assessment of economist Martin Feldstein's original evidence, presentation of the alternative evidence that concluded that currently available historical data do not support the ...
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ژورنال
عنوان ژورنال: National Tax Journal
سال: 1981
ISSN: 0028-0283,1944-7477
DOI: 10.1086/ntj41862347