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Domestic Saving and International Capital Movements in the Long Run and the Short Run

Feldstein, Martin - 1982

increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are …

Persistent link: https://www.econbiz.de/10012478160

Fiscal Policies, Capital Formation, and Capitalism

Feldstein, Martin - 1994

This lecture examines the effects of tax policy and social security retirement benefits on capital accumulation and economic welfare. The paper begins by examining how capital income taxes reduce the real return to savers and then discusses the welfare loss of capital income taxation relative to...

Persistent link: https://www.econbiz.de/10012474022

Imperfect Annuity Markets, Unintended Bequests, and the Optimal Age Structure of Social Security Benefits

Feldstein, Martin - 1989

optimal savings and therefore the level of unintended bequests. While those bequests may have no value to the retirees, they …

Persistent link: https://www.econbiz.de/10012476237

The Welfare Cost of Social Security's Impact on Private Saving

Feldstein, Martin - 1982

Although there have been several studies of the effect of social security on private saving, there has been no attempt to measure the welfare cost of this distortion. The present paper develops an analytic framework for this evaluation and presents numerical calculations

Persistent link: https://www.econbiz.de/10012478136

Alternative Tax Rules and Personal Savings Incentives : Microeconomic Data and Behavioral Simulations

Feldstein, Martin - 1981

This study examines the potential effects on personal savings of alternative types of tax rules. The analysis makes use … of two extensive samples of information on individual savings and financial income: the 1972 Consumer Expenditure Survey … would permit all tax-payers to make tax deductible contributions to individual savings accounts. The interest and dividends …

Persistent link: https://www.econbiz.de/10012478440

Pension Funding, Share Prices, and National Saving

Feldstein, Martin - 1980

This paper examines empirically the effect of unfunded pension obligations on corporate share prices and discusses the implications of these estimates for national saving, the decline of the stock market in recent years, and the rationality of corporate financial behavior. The analysis uses the...

Persistent link: https://www.econbiz.de/10012478627

Do Private Pensions Increase National Saving?

Feldstein, Martin - 1980

This paper discusses how private pension programs differ from public social security in their likely impact on aggregate saving. Although private pensions are likely to reduce direct saving by employees, this should be offset by the combination of companies' partial funding and the shareholders...

Persistent link: https://www.econbiz.de/10012478728

International Differences in Social Security and Saving

Feldstein, Martin - 1979

The U.S. Social Security Administration, in cooperation with similar agencies in other countries, recently developed estimates of social security benefits for twelve major industrial countries. The present paper uses these data to estimate the effects of social security benefits on saving and...

Persistent link: https://www.econbiz.de/10012478793

The Effect of Social Security on Saving

Feldstein, Martin - 1979

studies. Although the traditional life cycle theory of saving clearly implies that the anticipation of social security …

Persistent link: https://www.econbiz.de/10012478813

The Effect of Social Security on Private Savings : The Time Series Evidence

Feldstein, Martin - 1979

This paper reviews the studies by Robert Barro, Michael Darby, and Alicia Munnell, as well as my own earlier time-series study and presents new estimates using the revised national income-account data. The basic estimates of each of the four studies point to an economically substantial effect...

Persistent link: https://www.econbiz.de/10012478835