Reducing Inequality Through Social Security

July 9, 2016

This paper supports the need to focus not only on ensuring Social Security’s solvency for future generations, but building the program’s ability to support all working Americans.

Using data from the Social Security Administration, the authors determine that income inequality would experience a small reduction if Social Security reform includes both removing the maximum taxable earnings cap and increasing the minimum benefit.

Authors: Peter Arno and Kyle Moore
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SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.