Would Saving U.S. Social Security Raise National Saving?

Jan Walliser

No 1999/007, IMF Policy Discussion Papers from International Monetary Fund

Abstract: 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.

Keywords: PDP; surplus; budget surplus; budget; revenue; National saving; Social Security; United States; government activity; surplus money; on-budget balance; surpluses in the Trust Funds; Extra-budgetary funds; Private savings; Securities; Payroll tax; Budget planning and preparation (search for similar items in EconPapers)
Pages: 23
Date: 1999-07-01
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Journal Article: Would Saving Social Security Raise National Saving? (1999)
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