How Effective is Redistribution Under the Social Security Benefit Formula?

WP 2000-005 , UM99-04
This paper uses earnings histories from the Social Security Administration, linked to the survey responses for participants in the Health and Retirement Study, to investigate redistribution under the current social security benefit formula. As advertised, own benefits are significantly redistributed…



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

WP 2020-416 , UM20-16
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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