The impact of Social Security and other factors on the distribution of wealth

Jagadeesh Gokhale and Laurence Kotlikoff ()

No 9913, Working Paper from Federal Reserve Bank of Cleveland

Abstract: Auerbach et al. (1995), document the dramatic postwar increase in the annuitization of the resources of America’s elderly. Gokhale et al. (1996) suggest that greater annuitization may explain the significant postwar rise in the consumption propensity of the elderly out of remaining lifetime resources. Gokhale et al. (2000) consider the related point that increased annuitization will reduce bequests, especially for lower and middle-income households, whose entire earnings are taxed under Social Security. By differentially disenfranchising the children of the poor from receipt of inheritances, Social Security may materially alter the distribution of wealth. This paper uses data from the PSID to further analyze how Social Security and other factors affect wealth inequality.

Keywords: Social security; Wealth (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab
Date: 1999
View list of references

Downloads: (external link)
http://www.clevelandfed.org/Research/workpaper/1999/Wp9913.pdf (application/pdf)

Related works:
Chapter: The Impact of Social Security and Other Factors on the Distribution of Wealth (2002)
Working Paper: The Impact of Social Security and Other Factors on the Distribution of Wealth (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fip:fedcwp:9913

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper from Federal Reserve Bank of Cleveland
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().