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Redistribution Under The Current Social Security System, Kathryn L. Moore
Redistribution Under The Current Social Security System, Kathryn L. Moore
Law Faculty Scholarly Articles
Arguably the most successful program of the modern welfare state, Social Security has been enormously successful in lifting the elderly out of poverty. Thirty years ago, almost 30% of the elderly were in poverty, a poverty rate that was more than twice as high as the rate for the population as a whole. Today, in contrast, only about 12% of the elderly are subject to poverty, a rate that is about the same as the rest of the adult population.
This Article describes how the current system redistributes income. The Article does not attempt to develop a mathematical model to …