How shift to a fully funded system affect level of output


Problem

Suppose the United States moved from the current pay-as you-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?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How shift to a fully funded system affect level of output
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