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The Effects of Social Security on Income and the Capital Stock

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  • Michael R. Darby

    (UCLA)

Abstract

“The Effects of Social Security on Income and the Capital Stock,†by Michael R. Darby, focuses on how the Social Security program affects the ratio of aggregate saving to income and the supply of labor offered for employment.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael R. Darby, 1977. "The Effects of Social Security on Income and the Capital Stock," UCLA Economics Working Papers 095A, UCLA Department of Economics.
  • Handle: RePEc:cla:uclawp:095a
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    References listed on IDEAS

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    1. Barro, Robert J, 1978. "Unanticipated Money, Output, and the Price Level in the United States," Journal of Political Economy, University of Chicago Press, vol. 86(4), pages 549-580, August.
    2. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-334, June.
    3. Sargent, Thomas J, 1976. "A Classical Macroeconometric Model for the United States," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 207-237, April.
    4. Laidler, David, 1980. "The demand for money in the United States-- Yet again," Carnegie-Rochester Conference Series on Public Policy, Elsevier, pages 219-271.
    5. Barro, Robert J, 1977. "Unanticipated Money Growth and Unemployment in the United States," American Economic Review, American Economic Association, pages 101-115.
    6. Cooper, J Phillip, 1972. "Asymptotic Covariance Matrix of Procedures for Linear Regression in the Presence of First- Order Autoregressive Disturbances," Econometrica, Econometric Society, vol. 40(2), pages 305-310, March.
    7. Lewis, M K, 1978. "Interest Rates and Monetary Velocity in Australia and the United States," The Economic Record, The Economic Society of Australia, vol. 54(145), pages 111-126, April.
    8. Darby, Michael R, 1976. "Rational Expectations under Conditions of Costly Information," Journal of Finance, American Finance Association, vol. 31(3), pages 889-895, June.
    9. Feige, Edgar L & Pearce, Douglas K, 1976. "Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy?," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 499-522, June.
    10. Barro, Robert J & Santomero, Anthony J, 1972. "Household Money Holdings and The Demand Deposit Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(2), pages 397-413, May.
    11. Fair, Ray C, 1970. "The Estimation of Simultaneous Equation Models with Lagged Endogenous Variables and First Order Serially Correlated Errors," Econometrica, Econometric Society, vol. 38(3), pages 507-516, May.
    12. Darby, Michael R, 1972. "The Allocation of Transitory Income Among Consumers' Assets," American Economic Review, American Economic Association, vol. 62(5), pages 928-941, December.
    13. Edgar L. Feige, 2005. "Expectations And Adjustments In The Monetary Sector," Macroeconomics 0502005, EconWPA.
    14. Gibson, William E, 1970. "Interest Rates and Monetary Policy," Journal of Political Economy, University of Chicago Press, vol. 78(3), pages 431-455, May-June.
    15. Michael R. Darby & Alan C. Stockman, 1980. "The Mark III International Transmission Model," NBER Working Papers 0462, National Bureau of Economic Research, Inc.
    16. Klein, Benjamin, 1974. "Competitive Interest Payments on Bank Deposits and the Long-Run Demand for Money," American Economic Review, American Economic Association, vol. 64(6), pages 931-949, December.
    17. Michael R. Darby, 1974. "The Permanent Income Theory of Consumption — A Restatement," The Quarterly Journal of Economics, Oxford University Press, vol. 88(2), pages 228-250.
    18. Goldberg, Matthew & Thurston, Thom B, 1977. "Monetarism, Overshooting, and the Procyclical Movement of Velocity," Economic Inquiry, Western Economic Association International, vol. 15(1), pages 26-32, January.
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    Cited by:

    1. Carolyn L. Weaver, 1987. "Support of the Elderly before the Depression: Individual and Collective Arrangements," Cato Journal, Cato Journal, Cato Institute, pages 503-525.
    2. Barro, Robert J, 1989. "The Ricardian Approach to Budget Deficits," Journal of Economic Perspectives, American Economic Association, pages 37-54.
    3. William G. Gale & John Karl Scholz, 1994. "Intergenerational Transfers and the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 145-160, Fall.
    4. Marc Robinson, 1983. "Social Security and Physical Capital: An Interpretation of the Evidence, Lessons and Outlook," UCLA Economics Working Papers 307, UCLA Department of Economics.
    5. C. Lee, 1998. "Life Cycle Savings in the United States, 1900-1990," CPE working papers 0014, University of Chicago - Centre for Population Economics.
    6. Yamada, Tetsuji, 1990. "The effects of Japanese social security retirement benefits on personal saving and elderly labor force behavior," Japan and the World Economy, Elsevier, vol. 2(4), pages 327-363, December.
    7. John Laitner, 2002. "Transition Paths and Social Security Reform," Working Papers wp025, University of Michigan, Michigan Retirement Research Center.
    8. Laitner, John, 2001. "Secular Changes in Wealth Inequality and Inheritance," Economic Journal, Royal Economic Society, vol. 111(474), pages 691-721, October.
    9. Fauvel, Yvon, 1986. "L’incidence des régimes publics de pensions sur la consommation : une extension du modèle de Feldstein et une évaluation empirique pour le Canada," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(2), pages 210-235, juin.
    10. Martin Feldstein, 1982. "The Welfare Cost of Social Security's Impact on Private Saving," NBER Working Papers 0969, National Bureau of Economic Research, Inc.
    11. Susan B. Carter & Richard Sutch, 1995. "Myth of the Industrial Scrap Heap: A Revisionist View of Turn-of-the- Century American Retirement," NBER Historical Working Papers 0073, National Bureau of Economic Research, Inc.
    12. Timothy J. Kehoe & David K. Levine, 1993. "Debt-Constrained Asset Markets," Review of Economic Studies, Oxford University Press, vol. 60(4), pages 865-888.
    13. Michael J. Boskin, 1987. "Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity," NBER Working Papers 2332, National Bureau of Economic Research, Inc.
    14. Urs Oberhänsli, 1983. "Substitutionswirkungen zwischen persönlichen Ersparnissen und der kollektiven Altersvorsorge in der Schweiz," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 119(II), pages 117-137, June.
    15. Michael D. Hurd & B. Gabriela Mundaca, 1989. "The Importance of Gifts and Inheritances Among the Affluent," NBER Chapters,in: The Measurement of Saving, Investment, and Wealth, pages 737-764 National Bureau of Economic Research, Inc.
    16. C. Lee, "undated". "The Expected Length of Retirement in the United States, 1850-1990," CPE working papers 0013, University of Chicago - Centre for Population Economics.
    17. C. Lee, "undated". "The Expected Length of Retirement in the United States, 1850-1990," CPE working papers 0013, University of Chicago - Centre for Population Economics.
    18. Michael R. Darby, 1979. "The Effects of Social Security on Income and the Capital Stock," Books, American Enterprise Institute, number 936292.

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