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The "Natural" Interest Rate and Secular Stagnation

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Abstract

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.

Suggested Citation

  • Peter Arno & Kyle Moore, 2016. "The "Natural" Interest Rate and Secular Stagnation," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2016-02, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  • Handle: RePEc:epa:cepawp:2016-02
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    File URL: http://www.economicpolicyresearch.org/images/docs/research/retirement_security/WP_2016-2_Arno_Moore_Social_Security_and_Inequality_Final.pdf
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    References listed on IDEAS

    as
    1. 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.
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    More about this item

    Keywords

    Social Security; Inequality; Policy;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I2 - Health, Education, and Welfare - - Education

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