Would Saving U.S. Social Security Raise National Saving?
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Summary:
Analysts agree that raising national saving is one of the key objectives of social security reform in the United States. Hence, to judge the merits of proposals requires a comparison of saving responses. The paper outlines the difficulties involved in making those comparisons, which arise from the unsustainability of the current social security system and the uncertainty regarding the use of projected budget surpluses. Building on previously developed arguments, it discusses three typical reform plans and also draws some conclusions about the relationship between social security reform and the long-run sustainability of fiscal policy.
Series:
Policy Discussion Paper No. 1999/007
Subject:
Budget planning and preparation Extra-budgetary funds Financial institutions National accounts Payroll tax Private savings Public financial management (PFM) Securities Taxes
English
Publication Date:
July 1, 1999
ISBN/ISSN:
9781451971484/1564-5193
Stock No:
PPIEA0071999
Pages:
23
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