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
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)
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:418
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