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...

This study examines income dynamics during individuals' first 12 years of retirement. Two questions are asked: (1) Are the economic experiences of the elderly in the United States unique, or are they similar to those of the elderly in Germany? and (2) What is the role of Social Security in...