社会保障与财富不平等趋势

IF 7.6 1区经济学 Q1 BUSINESS, FINANCE

Journal of Finance Pub Date : 2025-04-07 DOI:10.1111/jofi.13440

SYLVAIN CATHERINE, MAX MILLER, NATASHA SARIN

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引用次数: 0

摘要

最近有影响力的研究发现，基于财富集中的衡量标准，美国的不平等现象大幅增加，这明显排除了社会保险计划的价值。这篇论文表明，在过去三十年中，当社会保障得到适当考虑时，最高财富份额并没有太大变化。这是因为社会保障财富从1989年的7.2万亿美元大幅增加到2019年的40.6万亿美元，现在占财富分配底部90%人口财富的近50%。这一发现对应对系统融资问题的税收和福利的潜在变化是强有力的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Social Security and Trends in Wealth Inequality

Recent influential work finds large increases in inequality in the United States based on measures of wealth concentration that notably exclude the value of social insurance programs. This paper shows that top wealth shares have not changed much over the last three decades when Social Security is properly accounted for. This is because Social Security wealth increased substantially from $7.2 trillion in 1989 to $40.6 trillion in 2019 and now represents nearly 50% of the wealth of the bottom 90% of the wealth distribution. This finding is robust to potential changes to taxes and benefits in response to system financing concerns.

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来源期刊

Journal of Finance Multiple-

CiteScore

12.90

自引率

2.50%

发文量

期刊介绍： The Journal of Finance is a renowned publication that disseminates cutting-edge research across all major fields of financial inquiry. Widely regarded as the most cited academic journal in finance, each issue reaches over 8,000 academics, finance professionals, libraries, government entities, and financial institutions worldwide. Published bi-monthly, the journal serves as the official publication of The American Finance Association, the premier academic organization dedicated to advancing knowledge and understanding in financial economics. Join us in exploring the forefront of financial research and scholarship.