Social Security and Saving: New Time Series Evidence

Analysis 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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Year of publication:	1996
Authors:	Feldstein, Martin
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 49.1996, 2, p. 151-64
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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