Social Security Wealth, Inequality, and Life-cycle Saving: An Update

Social Security wealth (SSW) is the present value of future benefits an individual will receive less the present value of future taxes they will pay. When an individual enters the labor force, they generally face a lifetime of taxes to…

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Social Security Wealth, Inequality, and Life-cycle Saving

Household wealth inequality in the U.S. has been rising, but those measures do not include Social Security. For individual Social Security participants, Social Security Wealth (SSW) is equal to the present value of future benefits less the present value of…

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Intergenerational Altruism and Transfers of Time and Money: A Life-cycle Perspective

Parental investments in children can take one of three broad forms: (1) Time investments during childhood and adolescence that aid child development, and in particular cognitive ability; (2) educational investments that improve school quality and hence educational outcomes; (3) cash…

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