Investing U.S. Social Security Trust Fund Assets in Private Securities /

This paper examines the macroeconomic and distributional consequences of a policy change, other things being equal, that would allow U.S. Social Security trust fund assets to be invested in private securities. Improving the expected return to trust fund assets, by shifting these from government bond...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Leidy, Michael
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1997.
سلاسل:IMF Working Papers; Working Paper ; No. 1997/112
الوصول للمادة أونلاين:Full text available on IMF
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245 1 0 |a Investing U.S. Social Security Trust Fund Assets in Private Securities /  |c Michael Leidy. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the macroeconomic and distributional consequences of a policy change, other things being equal, that would allow U.S. Social Security trust fund assets to be invested in private securities. Improving the expected return to trust fund assets, by shifting these from government bonds to private securities, tends to reduce (increase) the future claim on national output of the current (future) working population. The effects on aggregate saving and future output depend on whether current workers interpret this policy change as affecting their future Social Security benefits. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/112 
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