The Effects of Differential Income Replacement and Mortality on U.S. Social Security Redistribution.
We study redistribution via the U.S. Social Security retirement system for cohorts of men born during the second half of the 20th century. Our focus is on redistribution across race and education groups. The cohorts we study are younger than cohorts studied in previous, similar research and thus mor...
| Publicado en: | Southern Economic Journal Vol. 86; no. 2; pp. 613 - 638 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2019
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=138991623&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 138991623 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Oct2019 vid: 86 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 138991623 10.1002/soej.12395 ppf: 613 ppct: 25 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 760KB tig: atl: The Effects of Differential Income Replacement and Mortality on U.S. Social Security Redistribution. aug: au: Tan, Li Koedel, Cory affil: School of Engineering Education, Purdue University, West Lafayette IN, 47906, USA Department of Economics, University of Missouri, Columbia MO, 65211, USA su: Social pressure Mortality Income Social Security (United States) Twentieth century sug: subj: Social pressure Mortality Income Social Security (United States) Twentieth century keyword: D31 H55 J26 D31 H55 J26 ab: We study redistribution via the U.S. Social Security retirement system for cohorts of men born during the second half of the 20th century. Our focus is on redistribution across race and education groups. The cohorts we study are younger than cohorts studied in previous, similar research and thus more exposed to recent increases in earnings inequality. All else equal, this should increase the degree of progressivity of Social Security redistribution due to the structure of the benefit formula. However, we find that redistribution is only modestly progressive for individuals born as late as 1980. Differential mortality rates across race and education groups are the primary explanation. While Black–White mortality gaps have narrowed some in recent years, they remain large and dull progressivity. Mortality gaps by education level are also large and unlike the gaps by race, they are widening, which puts additional regressive pressure on Social Security redistribution. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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