Social Security and Saving : New Time Series Evidence

@inproceedings{FeldsteinSocialSA,
  title={Social Security and Saving : New Time Series Evidence},
  author={Martin S. Feldstein}
}
This paper reexamines the results of my 1974 paper on Social Security and saving with the help of an additional 21 years of data. The estimates presented here reconfirm that each dollar of Social Security wealth (SSW) reduces private saving by between two and three cents. The parameter estimates for the postwar period and for the entire sample since 1930 are very similar. The correction of the error in the original SSW series between 1958– 1971 therefore does not significantly affect the… CONTINUE READING
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Inflation , Tax Rules and Investment : Some Econometric Evidence . ” The 1980 Fisher – Schultz Lecture of the Econometric Society

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Highly Influential
8 Excerpts

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Inflation, Tax Rules and Investment: Some Econometric Evidence.

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