{
  "title": "Would Saving U.S. Social Security Raise National Saving?",
  "publication": "IMF Policy Discussion Papers, July 1, 1999",
  "sourceUrl": "https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/30/would-saving-u-s-3189",
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  "summary": "Analysts agree that raising national saving is one of the key objectives of social security reform in the United States. Hence, to judge the merits of proposals requires a comparison of saving responses.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Analysts agree that raising national saving is one of the key objectives of social security reform in the United States.\n- The paper compares saving responses across proposals and outlines difficulties in making those comparisons.\n- Key difficulties arise from:\n  - the unsustainability of the current social security system, and\n  - the uncertainty regarding the use of projected budget surpluses.\n- The paper builds on previously developed arguments, discusses three typical reform plans, and draws conclusions about the relationship between social security reform and the long-run sustainability of fiscal policy."
    },
    {
      "heading": "Major analytical points",
      "content": "- Comparison of saving responses is essential to judge the merits of social security reform proposals.\n- The unsustainability of the current social security system complicates assessment of reform impacts on national saving.\n- Uncertainty about how projected budget surpluses would be used further complicates analysis of saving responses."
    },
    {
      "heading": "Reform plans and scenarios discussed",
      "content": "- The paper discusses three typical reform plans (the source text indicates three plans are discussed but does not provide plan-specific details on the landing page).\n- It draws conclusions about how different reform approaches relate to the long-run sustainability of fiscal policy."
    },
    {
      "heading": "Policy implications and considerations",
      "content": "- Assessments of social security reform should explicitly account for:\n  - the fiscal sustainability of the existing system, and\n  - policy choices regarding the allocation or use of projected budget surpluses.\n- Comparisons of proposals must carefully address uncertainty about surplus usage to evaluate effects on national saving.\n\n---\n\n Content in this bundle\n\n- Would Saving U.S. Social Security Raise National Saving? - PDP/99/7\n  - Would Saving U.S. Social Security Raise National Saving? - PDP/99/7 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Would Saving U.S. Social Security Raise National Saving? - PDP/99/7 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/30/would-saving-u-s-3189"
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    "Authors: Jan Walliser",
    "Published: July 1, 1999",
    "Series: IMF Policy Discussion Papers",
    "DOI: https://doi.org/10.5089/9781451971484.003",
    "Analysts agree that raising national saving is one of the key objectives of social security reform in the United States.",
    "The paper compares saving responses across proposals and outlines difficulties in making those comparisons.",
    "Key difficulties arise from:",
    "The paper builds on previously developed arguments, discusses three typical reform plans, and draws conclusions about the relationship between social security reform and the long-run sustainability of fiscal policy.",
    "Comparison of saving responses is essential to judge the merits of social security reform proposals.",
    "The unsustainability of the current social security system complicates assessment of reform impacts on national saving.",
    "Uncertainty about how projected budget surpluses would be used further complicates analysis of saving responses.",
    "The paper discusses three typical reform plans (the source text indicates three plans are discussed but does not provide plan-specific details on the landing page).",
    "It draws conclusions about how different reform approaches relate to the long-run sustainability of fiscal policy.",
    "Assessments of social security reform should explicitly account for:",
    "Comparisons of proposals must carefully address uncertainty about surplus usage to evaluate effects on national saving.",
    "**Would Saving U.S. Social Security Raise National Saving? - PDP/99/7**"
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