TY  - JOUR
AU  - Feldstein,Martin
AU  - Pellechio,Anthony J.
TI  - Social Security and Household Wealth Accumulation: New Microeconomic Evidence
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 206
PY  - 1980
Y2  - May 1980
UR  - http://www.nber.org/papers/w0206
L1  - http://www.nber.org/papers/w0206.pdf
N1  - Author contact info:
Martin S. Feldstein
President Emeritus
NBER
1050 Massachusetts Avenue
Cambridge, MA  02138-5398
Tel: 617/868-3905
Fax: 617/868-7194
E-Mail: msfeldst@nber.org

Anthony J. Pellechio
AB  - The social security program will pay benefits of more than $100 billion in 1978. Public transfers on this scale are large enough to have profound effects on the behavior of the U.S. economy. The most important effect, although not the only one, is likely to be the impact of social security on private saving and aggregate capital accumulation. The present paper contributes to the analysis of this issue by providing new evidence on the extent to which the accumulation of wealth by individual households responds to differences in social security benefits.
ER  -