Perceived Wealth in Bonds and Social Security: A Comment
1976; University of Chicago Press; Volume: 84; Issue: 2 Linguagem: Inglês
10.1086/260435
ISSN1537-534X
Autores Tópico(s)Fiscal Policies and Political Economy
ResumoPrevious articleNext article No AccessCommunicationsPerceived Wealth in Bonds and Social Security: A CommentMartin FeldsteinMartin FeldsteinPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmailPrint SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 84, Number 2Apr., 1976 Article DOIhttps://doi.org/10.1086/260435 Views: 22Total views on this site Citations: 80Citations are reported from Crossref Copyright 1976 The University of ChicagoPDF download Crossref reports the following articles citing this article:Maria Isabel Busato Ricardian Equivalence revisited: introductory notes, Brazilian Journal of Political Economy 42, no.11 (Mar 2022): 113–127.https://doi.org/10.1590/0101-31572021-3235Atif R. Mian, Ludwig Straub, Amir Sufi A Goldilocks Theory of Fiscal Deficits, SSRN Electronic Journal 56 (Jan 2022).https://doi.org/10.2139/ssrn.4021802Robert Rowthorn Is government debt net wealth?, The Japanese Political Economy 46, no.44 (Dec 2020): 230–239.https://doi.org/10.1080/2329194X.2020.1846131Talknice Saungweme, Nicholas M. Odhiambo The Impact of Public Debt on Economic Growth: A Review of Contemporary Literature, The Review of Black Political Economy 45, no.44 (Mar 2019): 339–357.https://doi.org/10.1177/0034644619833655Magda Kandil Determinants and Implications of Cyclicality: Contrasting Evidence Across Developed and Developing Countries, International Economic Journal 32, no.44 (Jan 2019): 669–697.https://doi.org/10.1080/10168737.2018.1561739Andrew B. Abel Ricardian Equivalence Theorem, (Feb 2018): 11658–11667.https://doi.org/10.1057/978-1-349-95189-5_1752Magda Kandil Crowding out or crowding in? Correlations of spending components within and across countries, Research in International Business and Finance 42 (Dec 2017): 1254–1273.https://doi.org/10.1016/j.ribaf.2017.07.063Tarlok Singh Ricardian equivalence and the public and private saving nexus in India, Applied Economics 49, no.3636 (Feb 2017): 3579–3598.https://doi.org/10.1080/00036846.2016.1265072Debasis Bandyopadhyay, Vera Chung Role of Social Security in Explaining the Rate of Saving Disparity: A Historical Study of New Zealand versus Singapore: 1960-1993, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.2997340Magda Kandil On the relationship between public and private spending in developing and developed countries, The Journal of International Trade & Economic Development 25, no.22 (Jun 2015): 165–191.https://doi.org/10.1080/09638199.2015.1048706Michel Eduardo Betancourt Gómez Análisis empírico de la Hipótesis de Equivalencia Ricardiana para México, Economía Informa 382 (Sep 2013): 76–98.https://doi.org/10.1016/S0185-0849(13)71336-7Ekkehart Schlicht Unexpected Consequences of Ricardian Expectations, Metroeconomica 64, no.33 (May 2013): 498–512.https://doi.org/10.1111/meca.12017Geoffrey Brennan The political economy of public debt, Constitutional Political Economy 23, no.33 (Jun 2012): 182–198.https://doi.org/10.1007/s10602-012-9124-5Wynne Godley, Marc Lavoie Fiscal Policy in a Stock-Flow Consistent (SFC) Model, (Jan 2012): 194–215.https://doi.org/10.1057/9780230353848_10Ekkehart Schlicht A Case Where Barro Expectations are Not Rational, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2007736John Hatgioannides, Marika Karanassou Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory, SSRN Electronic Journal 22 (Jan 2012).https://doi.org/10.2139/ssrn.1981207Howell H. Zee Optimal tax and expenditure policies in a market economy with life‐cycle savings, Journal of Economic Studies 36, no.33 (Jul 2009): 265–283.https://doi.org/10.1108/01443580910983852Magda Kandil Demand-side stabilization policies: What is the evidence of their potential?, Journal of Economics and Business 61, no.33 (May 2009): 261–276.https://doi.org/10.1016/j.jeconbus.2008.07.001Takaaki Aoki On the Implications of Two-Sided Altruism in Human-Capital-Based OLG Model, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1159423Andrew B. Abel Ricardian Equivalence Theorem, (Mar 2017): 1–10.https://doi.org/10.1057/978-1-349-95121-5_1752-2Wynne Goldey, Marc Lavoie Fiscal policy in a stock-flow consistent (SFC) model, Journal of Post Keynesian Economics 30, no.11 (Oct 2007): 79–100.https://doi.org/10.2753/PKE0160-3477300104Douglas H. H. Joines Welfare-Enhancing Social Security Reform, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.964782Wynne Godley, Marc Lavoie Fiscal Policy in a Stock-Flow Consistent (SFC) Model, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.982839Magda Kandil The growth of government spending and the money supply, Journal of Economic Studies 33, no.66 (Nov 2006): 406–436.https://doi.org/10.1108/01443580610710398Magda Kandil On the Effects of Government Spending Shocks in Developing Countries, Oxford Development Studies 33, no.22 (Jan 2007): 269–304.https://doi.org/10.1080/13600810500137970Daniel J. Mitchell Charles K. Rowley, William F. Shughart II, and Robert D. Tollison (Eds.), The economics of budget deficits. The International Library of Critical Writings in Economics 153, ed. by Mark Blaug. Cheltenham, U.K. and Northampton, MA, U.S.A.: Edward Elgar, 2002. 2 vols.; 1, 112 pages. USD 370.00/GBP 245.00 (cloth)., Public Choice 122, no.3-43-4 (Mar 2005): 501–512.https://doi.org/10.1007/s11127-005-3550-0Fabrizio Balassone, Daniele Franco, Stefania Zotteri Public Debt: A Survey of Policy Issues, SSRN Electronic Journal (Jan 2004).https://doi.org/10.2139/ssrn.2040728Magda Kandil ASYMMETRY IN THE EFFECTS OF MONETARY AND GOVERNMENT SPENDING SHOCKS: CONTRASTING EVIDENCE AND IMPLICATIONS, Economic Inquiry 40, no.22 (Apr 2002): 288–313.https://doi.org/10.1093/ei/40.2.288Myungsoon Hur The Impact of Debt Financing on the Level of Capital Spending, International Review of Public Administration 6, no.22 (Dec 2001): 91–101.https://doi.org/10.1080/12294659.2001.10804983Magda Kandil Asymmetry in the effects of us government spending shocks: evidence and implications, The Quarterly Review of Economics and Finance 41, no.22 (Jun 2001): 137–165.https://doi.org/10.1016/S1062-9769(00)00066-1Reginald Darius Debt neutrality: theory and evidence from developing countries, Applied Economics 33, no.11 (Jan 2001): 49–58.https://doi.org/10.1080/00036840122044Magda E. Kandil, Demand-Side Stabilization Policies: What is the Evidence of their Potential?, IMF Working Papers 00, no.197197 (Jan 2000): 1.https://doi.org/10.5089/9781451860009.001Casey B. Mulligan, Xavier Xavier Sala-i-Martin Social Security in Theory and Practice (I): Facts and Political Theories, SSRN Electronic Journal (Jan 1999).https://doi.org/10.2139/ssrn.166835MARC ROBINSON Measuring Compliance with the Golden Rule, Fiscal Studies 19, no.44 (Nov 1998): 447–462.https://doi.org/10.1111/j.1475-5890.1998.tb00295.xMARCOS FERNANDES GONÇALVES DA SILVA A moral da dívida pública, Brazilian Journal of Political Economy 18, no.22 (Jun 1998): 241–259.https://doi.org/10.1590/0101-31571998-1255Robert Barro The Ricardian approach to budget deficits, (Dec 2009).https://doi.org/10.4324/9780203443965.ch13Marc Robinson The Case Against Balanced Budgets, Australian Journal of Public Administration 55, no.11 (Mar 1996): 48–62.https://doi.org/10.1111/j.1467-8500.1996.tb01181.xRobert Barro Ricardo and Budget Deficits, (Jan 1996): 13–32.https://doi.org/10.1007/978-1-349-25204-6_2Randall G. Holcombe, Jeffrey A. Mills Politics and Deficit Finance, Public Finance Quarterly 23, no.44 (Aug 2016): 448–466.https://doi.org/10.1177/109114219502300402Ayşe İmrohoroglu, Selahattin İmrohoroglu, Douglas H. Joines A life cycle analysis of social security, Economic Theory 6, no.11 (Feb 1995): 83–114.https://doi.org/10.1007/BF01213942Marc Robinson THE FINANCIAL MANAGEMENT STRATEGY OF THE VICTORIAN COALITION GOVERNMENT, Australian Journal of Public Administration 53, no.22 (Jun 1994): 232–247.https://doi.org/10.1111/j.1467-8500.1994.tb01884.xStephen A. O'Connell, Stephen P. Zeldes Dynamic efficiency in the gifts economy, Journal of Monetary Economics 31, no.33 (Jun 1993): 363–379.https://doi.org/10.1016/0304-3932(93)90053-IRobert A. Mundell Debts and Deficits in Alternative Macroeconomic Models, (Jan 1993): 5–129.https://doi.org/10.1007/978-1-349-22919-2_1Peter Newman, Murray Milgate, John Eatwell R, (Jan 1992): 265–381.https://doi.org/10.1007/978-1-349-11721-5_5Andrew B. Abel Ricardian Equivalence Theorem, (Jan 1991): 613–622.https://doi.org/10.1007/978-1-349-21315-3_83Donald F. Vitaliano, Y.E. Mazeya The Effect of Servicing the Public DEBT on Private Capital Formation, Public Finance Quarterly 18, no.33 (Aug 2016): 339–359.https://doi.org/10.1177/109114219001800306Thomas J. Finn The Feasibility of the Projected Federal DEBT, Public Finance Quarterly 18, no.33 (Aug 2016): 360–368.https://doi.org/10.1177/109114219001800307M. KEIVAN Deravi, CHARLES E. Hegji, H. DEAN Moberly GOVERNMENT DEBT AND THE DEMAND FOR MONEY: AN EXTREME BOUND ANALYSIS, Economic Inquiry 28, no.22 (Apr 1990): 390–401.https://doi.org/10.1111/j.1465-7295.1990.tb00822.xMichael Haliassos, James Tobin Chapter 17 The macroeconomics of government finance, (Jan 1990): 889–959.https://doi.org/10.1016/S1573-4498(05)80024-4Sheng Cheng Hu Uncertain lifetime, the annuity market, and estate taxation, Journal of Public Economics 40, no.22 (Nov 1989): 217–235.https://doi.org/10.1016/0047-2727(89)90004-2Maurice Obstfeld Fiscal deficits and relative prices in a growing world economy, Journal of Monetary Economics 23, no.33 (May 1989): 461–484.https://doi.org/10.1016/0304-3932(89)90042-1Robert J Barro The Ricardian Approach to Budget Deficits, Journal of Economic Perspectives 3, no.22 (May 1989): 37–54.https://doi.org/10.1257/jep.3.2.37Philippe Weil Overlapping families of infinitely-lived agents, Journal of Public Economics 38, no.22 (Mar 1989): 183–198.https://doi.org/10.1016/0047-2727(89)90024-8Chaim Fershtman, Anat Pirchi Perceived Wealth and Government Bonds: A Diagrammatic Exposition, The American Economist 33, no.11 (Mar 1989): 83–86.https://doi.org/10.1177/056943458903300112 International Monetary Fund Factors Affecting Saving, Policy tools, and Tax Reform: A Review, IMF Working Papers 89, no.4747 (Jan 1989): i.https://doi.org/10.5089/9781451972757.001Douglas W. Mitchell The feasibility of perpetual deficits, Journal of Macroeconomics 10, no.33 (Jun 1988): 407–419.https://doi.org/10.1016/0164-0704(88)90028-6 B. Douglas Bernheim , and Kyle Bagwell Is Everything Neutral?, Journal of Political Economy 96, no.22 (Oct 2015): 308–338.https://doi.org/10.1086/261538Mikuláš Luptáčik Der Bevölkerungsfaktor in der Wirtschaftstheorie — Literaturüberblick, (Jan 1988): 17–70.https://doi.org/10.1007/978-3-662-11247-2_2Andrew B. Abel Ricardian Equivalence Theorem, (Oct 2016): 1–8.https://doi.org/10.1057/978-1-349-95121-5_1752-1Andrew B. Abel The failure of Ricardian equivalence under progressive wealth taxation, Journal of Public Economics 30, no.11 (Jun 1986): 117–128.https://doi.org/10.1016/0047-2727(86)90081-2NICHOLAS SARANTIS Fiscal Policies and Consumer Behaviour in Western Europe, Kyklos 38, no.22 (May 1985): 233–248.https://doi.org/10.1111/j.1467-6435.1985.tb02225.xAli F. Darrat Inflation and Federal Budget Deficits: some Empirical Results, Public Finance Quarterly 13, no.22 (Aug 2016): 206–215.https://doi.org/10.1177/109114218501300205Jeffrey Carmichael, Kathleen Plowman Income Provision in Old Age, The Australian Economic Review 18, no.33 (Mar 1985): 130–144.https://doi.org/10.1111/j.1467-8462.1985.tb00298.xAli F. Darrat Are Budget Deficits and Wage Costs Prime Determinants of Inflation? Another Look at the Evidence from the United States and the United Kingdom, Journal of Post Keynesian Economics 7, no.22 (Nov 2015): 177–192.https://doi.org/10.1080/01603477.1984.11489493Ernst Baltensperger Inflation und Staatliche Budgetpolitik, Journal of Contextual Economics – Schmollers Jahrbuch 104, no.66 (Jun 1984): 675–693.https://doi.org/10.3790/schm.104.6.675Robert Eisner Social security, saving, and macroeconomics, Journal of Macroeconomics 5, no.11 (Dec 1983): 1–19.https://doi.org/10.1016/0164-0704(83)90002-2Dwight R. Lee The effectiveness of supply-side tax cuts under alternative political models, Atlantic Economic Journal 11, no.33 (Sep 1983): 49–55.https://doi.org/10.1007/BF02303308John B. Burbidge Social security and savings plans in overlapping-generations models, Journal of Public Economics 21, no.11 (Jun 1983): 79–92.https://doi.org/10.1016/0047-2727(83)90074-9Walter Dolde, James Tobin Mandatory Retirement Saving and Capital Formation, (Jan 1983): 56–88.https://doi.org/10.1007/978-1-349-17028-9_3Douglas H. Joines A Neoclassical Model of Fiscal Policy, Employment, and Capital Accumulation, (Jan 1983): 45–71.https://doi.org/10.1016/B978-0-12-158820-5.50007-XVictor A. Canto, Marc A. Miles The Missing Equation: The Wedge Model Alternative**Originally published in the Journal of Macroeconomics, Spring 1981, Vol. 3, No. 2, pp. 247–269. © Wayne State University Press, 1981, (Jan 1983): 256–275.https://doi.org/10.1016/B978-0-12-158820-5.50014-7 THE NATIONAL DEBT CONTROVERSY, Kyklos 34, no.22 (May 1981): 186–202.https://doi.org/10.1111/j.1467-6435.1981.tb01183.xVictor A. Canto, Marc A. Miles The missing equation: The wedge model alternative, Journal of Macroeconomics 3, no.22 (Mar 1981): 247–269.https://doi.org/10.1016/0164-0704(81)90017-3Robert Holzmann Public finance and private saving in Austria: The effects of social security, Empirica 8, no.22 (Jan 1981): 187–216.https://doi.org/10.1007/BF00930298 Allan Drazen Government Debt, Human Capital, and Bequests in a Life-Cycle Model, Journal of Political Economy 86, no.33 (Oct 2015): 505–516.https://doi.org/10.1086/260684John E. Floyd, J. Allan Hynes Debt illusion and imperfect information, European Economic Review 11, no.44 (Jan 1978): 379–386.https://doi.org/10.1016/S0014-2921(78)80008-7Henri-Paul Rousseau L'incidence de la rente publique sur l'épargne privée : un survol de la littérature théorique et empirique, L'Actualité économique 54, no.44 (Jul 2009): 463–499.https://doi.org/10.7202/800792ar Neil Bruce The IS-LM Model of Macroeconomic Equilibrium and the Monetarist Controversy, Journal of Political Economy 85, no.55 (Oct 2015): 1049–1062.https://doi.org/10.1086/260621Willem H. Buiter 'Crowding out' and the effectiveness of fiscal policy, Journal of Public Economics 7, no.33 (Jun 1977): 309–328.https://doi.org/10.1016/0047-2727(77)90052-4 Gerald P. O'Driscoll, Jr. The Ricardian Nonequivalence Theorem, Journal of Political Economy 85, no.11 (Oct 2015): 207–210.https://doi.org/10.1086/260552
Referência(s)