Social Security and Aggregate Capital Accumulation Revisited

Charles Beach, Robin Boadway and Jack O. Gibbons

Working Paper from Economics Department, Queen's University

Abstract: This paper reexamines Feldstein's (1974) results of the effect of social security on private capital accumulation in the context of a simultaneous-equation model. The model incorporates dynamic feedback effects and is estimated by FIML to incorporate theoretical restrictions that are tested against the data. It is simulated as a full dynamic model to analyze the long-run effect of SSW on private capital accumulation. The effects are in the same direction as Feldstein, but considerably weaker.

Pages: 23
Date: 1982
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:478

Access Statistics for this paper

More papers in Working Paper from Economics Department, Queen's University Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock ().