Archive: Gal Wettstein
Writing a will can improve the transmission of wealth across generations by preventing the dissipation of assets – such as a family home divided among multiple heirs – and by encouraging donors to save for their beneficiaries. Despite the advantages of having a will, the percentage of households with a will is surprisingly low…
Social Security helps Black individuals and those with low educational attainment – and therefore low earnings – through its progressive benefit structure. On the other hand, the nature of Old-Age and Survivors Insurance (OASI) as a life annuity inherently increases expected lifetime benefits for individuals who tend to live longer. Regardless of how these factors…
