Social Security and Household Wealth Accumulation: New Microeconomic Evidence
The social security program will pay benefits of more than $100 billion in 1978. Public transfers on this scale are large enough to have profound effects on the behavior of the U.S. economy. The most important effect, although not the only one, is likely to be the impact of social security on private saving and aggregate capital accumulation. The present paper contributes to the analysis of this issue by providing new evidence on the extent to which the accumulation of wealth by individual households responds to differences in social security benefits.
|Date of creation:||May 1980|
|Publication status:||published as Feldstein, Martin S. and Pellechio, Anthony. "Social Security and Household Wealth Accumulation: New Microeconomic Evidence." The Review of Economics and Statistics, Vol. LXI, No. 3, (August 1979), pp. 361-368.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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