ERIC Number: ED053271
Record Type: RIE
Publication Date: 1969-Jul
Reference Count: 0
Macroeconomic Effects of Social Insurance on Aggregate Demand.
Vroman, Wayne G.
The great changes in social security laws which have taken place in the United States since World War II and the likelihood that others will take place in the future make it important to understand what effects these changes have on the rest of the economy. This study, adapted from the author's 1967 dissertation at the University of Michigan, focuses on the macroeconomic aspects of both Old Age, Survivors, Disability, and Health Insurance and State Unemployment Insurance. Its purpose is to assess how changes in contribution rates, the taxable maximum per employee, and the level of benefits affect the level and stability of aggregate demand. It was found that changes in contribution rates exert a sizeable effect on real GNP and prices, and that social insurance lends considerable stability to demand in the economy. (BC)
Descriptors: Charts, Economic Research, Insurance, Older Adults, Tables (Data), Unemployment Insurance
Office of Research and Statistics, Social Security Administration, Baltimore, Maryland 21235
Publication Type: N/A
Education Level: N/A
Authoring Institution: Social Security Administration (DHEW), Washington, DC. Office of Research and Statistics.
Identifiers: Macroeconomics; Social Security