The "Natural" Interest Rate and Secular Stagnation
This research supports the need to focus not only on ensuring Social Security’s solvency for future generations, but building the program’s ability to support all working Americans. Using data from the Social Security Administration, the authors determine that income inequality would experience a small reduction if Social Security reform includes both removing the maximum taxable earnings cap and increasing the minimum benefit.
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- Angus S. Deaton & Pierre-Olivier Gourinchas & Christina Paxson, 2002.
"Social Security and Inequality over the Life Cycle,"
NBER Chapters,in: The Distributional Aspects of Social Security and Social Security Reform, pages 115-148
National Bureau of Economic Research, Inc.
- Angus Deaton & Pierre-Olivier Gourinchas & Christina Paxson, 2000. "Social Security and Inequality over the Life Cycle," NBER Working Papers 7570, National Bureau of Economic Research, Inc.
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