What is ricardian equivalence

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What is Ricardian Equivalence? Discuss the effects that government provided retirement benefits have on private savings? How do fully funded and pay-as-you-go differ in terms of their effect on total savings?

This question has to do with social security and the Ricardian Equivalance means that you don't save now since you know the government is benefiting.

Reference no: EM132402624

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