Empirical Economics

, Volume 9, Issue 1, pp 15–26 | Cite as

The effect of social security on saving: The case of Belgium with a particular emphasis on the behavior of the aged

  • S. Perelman
  • P. Pestieau


Based on a consumer expenditure function estimated with Belgian time series data, this paper analyses the impact of social security on personal saving.

It shows that social security has a depressive effect, mainly by affecting the saving behavior of the aged.


Time Series Economic Theory Social Security Series Data Time Series Data 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Physica-Verlag 1984

Authors and Affiliations

  • S. Perelman
    • 1
  • P. Pestieau
    • 1
  1. 1.Service d'Economie PubliqueUniversité de liegeLiegeBelgium

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