Suppose the United States moved from the current pay-asyou-go Social Security system to a fully funded one
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Suppose the United States moved from the current pay-asyou-go Social Security system to a fully funded one and financed the transition without additional government borrowing. How would the shift to a fully funded system affect the level and the rate of growth of output per worker in the long run?
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Moving from a payasyougo PAYG Social Security system to a fully funded system would have several implications for the level and rate of growth of outp...View the full answer
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