FIRN Virtual Seminar Series - Sylvain Catherine, Wharton

FIRN is the premier network of finance researchers and PhD students across Australia and recently New Zealand.  Researchers from all of the major schools, departments and universities who offer research programs across the various topic areas of finance are members of FIRN.The purpose of FIRN is to provide a strong, cohesive and fiscially efficient approach toward supporting research and advancements in the Australian finance academic community.  FIRN’s program of events and initiatives aims to develop better communication and networking across the sector, better research outcomes, better educated PhD students, better skilled academics, stronger international relationships and a stronger future.

FIRN

Working with the large FIRN member institutions we have developed a virtual seminar series where all FIRN members can participate.  The seminars will be via zoom and will be about an hour long, comprising presentation followed by moderated Q&A.   <h2>In collaboration with the University of Melbourne, FIRN  invites you to a virtual seminar presented by Sylvain Catherine, Wharton.</h2>Title:  Social Security and Trends in Wealth InequalityAbstract: Recent influential work finds large increases in inequality in the U.S. based on measures of wealth concentration that notably exclude the value of social insurance programs. This paper revisits this conclusion by incorporating Social Security retirement benefits into measures of wealth inequality. We find that top wealth shares have not increased in the last three decades when Social Security is properly accounted for. This finding is robust to assumptions about how taxes and benefits may change in response to system financing concerns. When discounted at the risk-free rate, real Social Security wealth increased substantially from $4.8 trillion in 1989 to $41.3 trillion in 2016. When we adjust the discount rate for long-run macroeconomic risk, this increase remains sizable, growing from over $3.9 trillion in 1989 to $33.9 trillion in 2016. Consequently, by 2016, Social Security wealth represents 57% of the wealth of the bottom 90% of the wealth distribution.
Moderated by Oliver Randall, University of MelbourneAll FIRN members are welcome to this event. Please register your interest and you will be sent an email the day before the seminar with the zoom meeting details.

Our {communityGuidelinesLink} describe the sort of content we prohibit on Eventbrite. If you suspect an event may be in violation, you can report it to us so we can investigate.

To report other categories of prohibited or illegal content, submit {link}

FIRN Virtual Seminar Series - Sylvain Catherine, Wharton

More events from FIRN

Follow organisers to get events picked for you

FIRN Virtual Seminar Series - Sylvain Catherine, Wharton

More events from FIRN

Follow organisers to get events picked for you

You might also like...

Sign in for personalised recommendations