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Direct linkWassell, Charles S., Jr. – Journal of Economic Education, 2018
In 1974, and then again in 1996, Martin Feldstein published studies of the impact of the Social Security system on private saving in the U.S. economy. He found that Social Security depressed personal saving by a substantial amount--up to 50 percent. The author uses the Feldstein data and empirical models in this article to illustrate the steps in…
Descriptors: Federal Programs, Public Policy, Financial Policy, Money Management
