The economics of prefunding social security and medicare benefits

HIGHLIGHTS

• who: Martin Feldstein and Andrew Samwick from the This Article was downloaded from Harvard University have published the article: The Economics of Prefunding Social Security and Medicare Benefits, in the Journal: (JOURNAL)
• what: THERATEOF RETURN, 3.5 EFFECTSON CAPITALINTENSITY, OF INCOME AND THEDISTRIBUTION Before considering the welfare economics of the PRA transition and the generational distribution of benefits and costs, the authors examine some of the macroeconomic implications of the transition to a funded system.

SUMMARY

While reductions in retirement pensions and improvements in the efficiency of the healthcare system could . . .

 



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