benefits on private savings. The Retirement History Survey combines survey evidence on the wealth of couples in their early … extended life cycle model as a theory of asset accumulation and indicate a substantial substitution of social security wealth … for private wealth accumulation …

The distribution of wealth is one of the most important and least studied features of our economic life. A lack of good … data on household wealth is the primary reason for the inadequate attention to this subject. Moreover, the evidence that is … social security wealth and to use these estimates to analyze the impact of alternative methods of adjusting future benefits …

contributes to the analysis of this issue by providing new evidence on the extent to which the accumulation of wealth by …

value gain would be about 1.5 dollars per dollar of current net social security wealth or about $17 trillion …