The Political Economy of Private Saving in the U.S.

The Political Economy of Private Saving in the U.S.
Author: Franklin G. Mixon
Publisher: iUniverse
Total Pages: 110
Release: 2002-09-08
Genre: Business & Economics
ISBN: 059524548X

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Using theoretical and empirical approaches from the economics and political science disciplines, this book examines the social opportunity costs of American public policy towards national saving. The primary focus of the text is on the institutional arrangements of the U.S. Social Security system, as they relate to Americans' decisions to save and invest, and to interest groups' decisions to lobby Congress for political privileges. The book presents statistical evidence suggesting that the social opportunity costs of U.S. policy in this area are enormous. Lower bound estimates put the loss in private savings, due to savers' decisions to substitute Social Security for private retirement plans, at approximately $349 billion dollars annually. When the lobbying costs associated with efforts to redistribute the money in the Social Security Trust Fund are included, this figure rises by perhaps as much as $15 billion. The results and discussion in this work should serve as a useful addition to the policy debates in this area.

The Impact of Social Security on Private Saving

The Impact of Social Security on Private Saving
Author: Robert J. Barro
Publisher: Washington : American Enterprise Institute for Public Policy Research
Total Pages: 60
Release: 1978
Genre: Business & Economics
ISBN:

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Report on the impact of social security on private sector savings in the USA - presents the controversial points of view of r j barro and m feldstein concerning capital formation, taking into consideration consumer expenditure in the period from 1929 to 1974, and includes estimates on the reduction of personal savings due to social security wealth. References and statistical tables.

U.S. Private Savings Crisis

U.S. Private Savings Crisis
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Deficits, Debt Management, and Long-term Economic Growth
Publisher:
Total Pages: 120
Release: 1995
Genre: Business & Economics
ISBN:

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Climate Crisis and the Global Green New Deal

Climate Crisis and the Global Green New Deal
Author: Noam Chomsky
Publisher: Verso Books
Total Pages: 193
Release: 2020-09-22
Genre: Political Science
ISBN: 178873985X

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An engaging conversation with Noam Chomsky—revered public intellectual and Manufacturing Consent author—about climate change, capitalism, and how a global Green New Deal can save the planet. In this compelling new book, Noam Chomsky, the world’s leading public intellectual, and Robert Pollin, a renowned progressive economist, map out the catastrophic consequences of unchecked climate change—and present a realistic blueprint for change: the Green New Deal. Together, Chomsky and Pollin show how the forecasts for a hotter planet strain the imagination: vast stretches of the Earth will become uninhabitable, plagued by extreme weather, drought, rising seas, and crop failure. Arguing against the misplaced fear of economic disaster and unemployment arising from the transition to a green economy, they show how this bogus concern encourages climate denialism. Humanity must stop burning fossil fuels within the next thirty years and do so in a way that improves living standards and opportunities for working people. This is the goal of the Green New Deal and, as the authors make clear, it is entirely feasible. Climate change is an emergency that cannot be ignored. This book shows how it can be overcome both politically and economically.

Private Saving in the United States

Private Saving in the United States
Author: Patric H. Hendershott
Publisher:
Total Pages: 68
Release: 1987
Genre: Saving and investment
ISBN:

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The official personal and private saving statistics contain a number of conceptual measurement errors. In this paper we develop and analyze personal and private saving measures adjusted for the difference between income tax payments and actual liabilities, saving via net purchases of government pension assets (including social security) and consumer durables, and that part of after-tax interest income attributable to inflation. We find that the adjusted personal and private saving rates in recent years are only slightly below their post-1950 averages, not at all time lows as reported in the official NIPA statistics. Furthermore, over the past 35 years, personal saving has been more volatile and corporate saving less volatile than the official measures. Also, the inflation premium corrections remove the negative correlation between personal and corporate saving. That is, the often observed negative correlation between the official measures of personal and corporate saving is due solely to measurement errors in the two series. Finally, the decrease in federal government saving in the 1980s is the continuation of a 30-year trend, not a one-time aberration.

Economics, Politics, and American Public Policy

Economics, Politics, and American Public Policy
Author: James J. Gosling
Publisher: M.E. Sharpe
Total Pages: 265
Release:
Genre: Business & Economics
ISBN: 0765628414

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In language that is understandable to non-economists, this work introduces readers to the interrelationship of politics and economics in America - how economics influences public policy and how public policy can impact the economy. Readers learn how the U.S. economy works (domestically and in its global connectedness), how to measure economic performance, how government intervenes in the market to influence economic performance and redistribute resources, and how policymakers act to protect the public interest in an economic system based on private interests. The author provides historical background for contemporary problems. He explains basic economic and policymaking concepts in an issue-relevant context, with concrete examples inspired by ongoing policy debates in Washington regarding production and employment, commodity prices, Social Security and Medicare, budget deficits, national debt, trade deficits, and more.

Saving the Market from Itself

Saving the Market from Itself
Author: Christopher Mitchell (Political scientist)
Publisher:
Total Pages:
Release: 2016
Genre: BUSINESS & ECONOMICS
ISBN: 9781108112154

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The 2007?9 financial crisis threatened economic disaster on a scale not seen since the Great Depression, but rapid state action prevented the widely feared devastation. The German response was considerably more generous to banks than the American or British bailouts. Drawing on interviews and primary sources in government, private firms, and media, Mitchell explains how the structure of national financial systems and interbank relationships produced extensive private rescues and pressure on different states. Mitchell explores the different responses and results in Germany, the UK and the US using a combination of detailed case study analyses of the three countries' responses to the crisis and a quantitative analysis of patterns of state responses to financial crises. This book will be essential reading for scholars and advanced students of political economy, comparative politics, economic sociology, economics, and public policy.

International Evidenceon the Determinants of Private Saving

International Evidenceon the Determinants of Private Saving
Author: Mr.Paul R. Masson
Publisher: International Monetary Fund
Total Pages: 42
Release: 1995-05
Genre: Business & Economics
ISBN:

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A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public saving and (for developing countries) in foreign saving, that demographics and growth are important determinants of private saving rates, and that interest rates and terms of trade have positive, but less robust, effects. Increases in per capita GDP seem to increase saving at low income levels (relative to the United States) but decrease it at higher ones.

Principles of Political Economy

Principles of Political Economy
Author: John Stuart Mill
Publisher:
Total Pages: 632
Release: 1882
Genre: Economics
ISBN:

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