Journal Article

Does Social Security worsen inequality?

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.

Keywords: Wealth; Social security;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2001

Issue: Aug

Order Number: 2