The federal benefit rate (FBR) of the Supplemental Security Income program provides an inflation-indexed income guarantee for aged and disabled people with low assets. Some consider the FBR an attractive measure of Social Security benefit adequacy. Others propose the FBR as an administratively...

We show the distributional effects of changing the Social Security indexing scheme with an emphasis on the effects upon disabled-worker beneficiaries. Although a class of reform proposals that would slow the rate of growth of initial benefit levels over time - including price indexing and...