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The controversy over the US Social Security Surplus. A non conventional view

Sergio Cesaratto ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: This paper examines the US controversy over the Social Security ‘Trust Fund’ (SS-TF). It is shown that, according to neoclassical theory, the SS-TF has a substantial meaning as a safety belt in view of the alleged pending problems of, but, according to more Keynesian principles, it does not play this function. On the opposite, the establishment of a SS-TF will have deflationary effects on the economy

JEL-codes: E1 H55 (search for similar items in EconPapers)
Date: 2004-01
New Economics Papers: this item is included in nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:418

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