Paging Marty Feldstein: Please Read This

by Edward HughThis is a quick follow-up to my lengthy post at the end of last week about immigration and population ageing, which was a review of a recent paper by Marty Feldstein.Now in his paper Marty says this:But because the rate of return on an investment based account is much greater than the implicit return in a pure tax-financed system, the amount of saving that is needed is much less