The Welfare Cost of Social Security's Impact on Private Saving
NBER Working Paper No. 969 (Also Reprint No. r1133)
Although there have been several studies of the effect of social security on private saving, there has been no attempt to measure the welfare cost of this distortion. The present paper develops an analytic framework for this evaluation and presents numerical calculations.
Published: Feldstein, Martin. "The Welfare Cost of Social Security's Impact on Private Saving," ed. M. Boskin, Essays in Honor of Arnold Harberger, Oxford: England, Basil Blackwell, Inc., 1987, pp. 1-13.