Several researchers have shown that income inequality of a cohort increases as the cohort ages. The various studies examining cohort income inequality use a variety of data, measures, and methods. Is the U.S. experience documented in other studies due to potential biases due to data, measures...

The Social Security program is one of the most popular and successful government programs in the United States. At the end of 2004, the OASDI trust funds held almost $1.7 trillion in Federal government bonds and notes. It is projected that the trust funds assets will be equivalent to over 20...