Two issues may have a tremendous impact on the adequacy of retirement income for today's workers: The growth of 401(k) pension plans and the possible privatization of Social Security. Workers are becoming increasingly responsible for the adequacy of their retirement income by determining how...

This study examines the link between income inequality and redistribution. Specifically, how inequality of market incomes affects (1) the size of the tax and transfer system, and (2) the redistributive effect of the tax and transfer system. Two models of government decision-making — the median...