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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w23506 |
来源ID | Working Paper 23506 |
Social Security and Saving: An Update | |
Sita Slavov; Devon Gorry; Aspen Gorry; Frank N. Caliendo | |
发表日期 | 2017-06-12 |
出版年 | 2017 |
语种 | 英语 |
摘要 | Typical neoclassical life-cycle models predict that Social Security has a large and negative effect on private savings. We review this theoretical literature by constructing a model where individuals face uninsurable longevity risk and differ by wage earnings, while Social Security provides benefits as a life annuity with higher replacement rates for the poor. We use the model to generate numerical examples that confirm the standard result. Using several benefit and tax changes from the 1970s and 1980s as natural experiments, we investigate the empirical relationship between Social Security and private savings and find little to support the strong predictions from the theoretical model. We explore possible reasons for the divergence between theoretical predictions and empirical findings. |
主题 | Microeconomics ; Households and Firms ; Public Economics ; Taxation ; National Fiscal Issues |
URL | https://www.nber.org/papers/w23506 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581179 |
推荐引用方式 GB/T 7714 | Sita Slavov,Devon Gorry,Aspen Gorry,et al. Social Security and Saving: An Update. 2017. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w23506.pdf(4294KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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