Archive: John Geanakoplos

June,1,,2019,,Brazil.,In,This,Photo,Illustration,The,Social

Abstract Among the elderly, Social Security income is distributed very differently than private pension and asset income. For the bottom quintile of the income distribution, 81 percent of income comes from Social Security, while only 6 percent is from pensions plus income from assets. For the top quintile, 23 percent comes from Social Security, w…