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 کاملEffects of Social Security Reform on Private and National Saving
Social Security is the largest federal government spending program and one of the most popular.1 The earmarked payroll taxes that finance Social Security currently exceed benefit payments. By the end of 1996, the Social Security trust fund had accumulated about $566 billion in assets and was expected to grow to over $1.2 trillion by 2010. However, longer-term projections suggest that Social Sec...
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 ...
متن کاملForced saving, redistribution and nonlinear social security schemes1
This paper studies the design of a nonlinear social security scheme in a society where individuals differ in two respects: productivity and degree of myopia. Myopic individuals may not save “enough” for their retirement because their “myopic self” emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of time preference of the far-sighte...
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ژورنال
عنوان ژورنال: Journal of Asset Management
سال: 2003
ISSN: 1470-8272,1479-179X
DOI: 10.1057/palgrave.jam.2240100