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Does Social Security worsen inequality?

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  • Jagadeesh Gokhale

Abstract

Gaps between the rich and poor grow once people hit retirement. Some say privatizing Social Security will increase wealth inequality among retirees. This Commentary argues it won't and suggests that the current system may be reducing wealth mobility from one generation to the next. This Commentary is based on a presentation given at the CATO Institute's conference on Social Security Privatization, February 5-7, 2001.

Suggested Citation

  • Jagadeesh Gokhale, 2001. "Does Social Security worsen inequality?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
    • Handle: RePEc:fip:fedcec:y:2001:i:aug15
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    Cited by:

    1. Turnovsky, Stephen J. & Bruce, Neil, 2007. "Uncertain Retirement and the Effects of Social Insurance on Savings, Wealth, and Welfare," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 1, pages 1-41.

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    Keywords

    Wealth; Social security;

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