Abstract
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.
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Perelman, S., Pestieau, P. The effect of social security on saving: The case of Belgium with a particular emphasis on the behavior of the aged. Empirical Economics 9, 15–26 (1984). https://doi.org/10.1007/BF01972174
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DOI: https://doi.org/10.1007/BF01972174