The ultimate effect of Social Security reform on national saving depends on complex interactions between government saving and personal saving-both through pension funds and by individuals on their own behalf.
Personal savings by individuals has a greater impact on Social Security reform than corporate pension funds.
mnli hypothesis: Personal savings by individuals has a greater impact on Social Security reform than corporate pension funds. premise: The ultimate effect of Social Security reform on national saving depends on complex interactions between government saving and personal saving-both through pension funds and by individuals on their own behalf.