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Social and Behavioral Sciences Commons

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Economics

Don Fullerton

Retirement

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Full-Text Articles in Social and Behavioral Sciences

Is Social Security Part Of The Social Safety Net?, Jeffrey R. Brown, Julia Lynn Coronado, Don Fullerton Dec 2008

Is Social Security Part Of The Social Safety Net?, Jeffrey R. Brown, Julia Lynn Coronado, Don Fullerton

Don Fullerton

Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole, this paper focuses more specifically on how Social Security affects the poor. This question is important because a Social Security program that reduces overall inequality by redistributing from high income individuals to middle income individuals may do nothing to help the poor; conversely, a program that redistributes to the poor may nonetheless be regressive according to broader measures if it also redistributes from middle to upper income households. We have four major findings. First, as we expand the definition of income …