Social Security and Saving: New Time Series Evidence
AbstractAnalysis of data from 1930-1992, reconfirms an earlier study that individuals substitute Social Security benefits for personal saving. Each dollar of Social Security wealth reduces private saving by two to three cents. In the aggregate, Social Security reduces overall private saving by nearly 60 percent.
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Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 49 (1996)
Issue (Month): 2 (June)
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- Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 905-26, Sept./Oct.
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