Congleton, Roger D; Shughart II, William F - In: Economic Inquiry 28 (1990) 1, pp. 109-32
The Social Security program has grown more than a thousand-fold since its inception. Even after the increased number of retired persons and inflation are accounted for, average real Social Security benefit levels more than tripled from the late 1940s to the early 1980s. What accounts for this...