Economic Effects of Social Security

Economic Effects of Social Security

Author: Henry J. Aaron

Publisher: Washington, D.C. : Brookings Institution

Published: 1982

Total Pages: 104

ISBN-13:

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Research report evaluating economic implications of social security in the USA - discusses three competing economic theories on people's economic decision making, namely the life-cycle, multigeneration and short-horizon models, outlines historical trends and the impact of social security on saving, labour supply and long term income distribution. Graphs and references.


Social Security, the Economy and Development

Social Security, the Economy and Development

Author: J. Midgley

Publisher: Springer

Published: 2008-04-30

Total Pages: 327

ISBN-13: 0230582192

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This book explores the complex relationship between social security and economic development, arguing that social security contributes positively to economic development by promoting social investments that not only foster economic growth but enhance social welfare for all. The contributors analyse the various forms of social security, and, through comprehensive analysis of country experiences, demonstrates that the relationship between social security and economic development defies the simplistic interpretations currently popular in literature on the subject. A variety of country case studies are explored including Britain, Chile, China, India, Korea, Norway, Singapore, South Africa and the United States. This topical volume is a vital companion for all interested in the dynamics of the relationship between social security and the economy.


Social Security

Social Security

Author: Larry W. DeWitt

Publisher: CQ Press

Published: 2008

Total Pages: 584

ISBN-13:

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A Documentary History tells the story of the creation and development of the U.S. Social Security program through primary source documents, from its antecendents and founding in 1935, to the controversial issues of the present. This unique reference presents the complex history of Social Security in an accessible volume that highlights the program's major moments and events.


Social Security Programs and Retirement Around the World

Social Security Programs and Retirement Around the World

Author: Axel Börsch-Supan

Publisher:

Published: 2020

Total Pages: 672

ISBN-13: 9780226674100

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"This ninth volume of the International Social Security series, which studies the social security and retirement experiences of 12 developed countries, examines the effects of pension reform on employment at older ages. In the two decades since the project began, a dramatic decline in men's labor force participation has been replaced by sharply rising participation rates. Older women's participation has increased dramatically as well. While better health, more education, and changes in labor supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase and its large variation across countries. Concurrently with rising participation rates, countries have undertaken numerous reforms of their social security programs, disability programs, and other public benefit programs for older workers. Using a common template for analysis across the 12 countries so that results are easily compared, the studies in this volume explore how financial incentives to work at older ages have evolved from 1980 to the present as a result of public pension reforms, and how much of the changes in employment over this period can be explained by these changing incentives. Overall, the findings support the hypothesis that social security reforms have strengthened the incentives for work at older ages, and that these enhanced financial incentives contributed to the rise in employment at older ages during this period"--


Social Security Programs and Retirement Around the World

Social Security Programs and Retirement Around the World

Author: David A. Wise

Publisher: University of Chicago Press

Published: 2017-06-02

Total Pages: 417

ISBN-13: 022644287X

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In recent years, the retirement age for public pensions has increased across many countries, and additional increases are in progress or under discussion in many more. The seventh stage of an ongoing research project studying the relationship between social security programs and labor force participation, Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages explores people’s capacity to work beyond the current retirement age. It brings together an international team of scholars from twelve countries—Belgium, Canada, Denmark, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, the United Kingdom, and the United States—to analyze this issue. Contributors find that many—but not all—individuals have substantial capacity to work at older ages. However, they also consider how policymakers might divide gains in life expectancy between years of work and retirement, as well as the main impediments to longer work life. They consider factors that influence the demand for older workers, as well as the evolution of health and disability status, which may affect labor supply from the older population.


The Political Economy of Social Security

The Political Economy of Social Security

Author: Björn Gustafsson

Publisher: North Holland

Published: 1989

Total Pages: 260

ISBN-13:

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In many western countries with slow economic growth and population growth the increasing cost of the social security system is a concern. The contributions in this volume address this issue from various angles, theoretically as well as empirically and also taking into account institutional conditions. This book discusses current social security policy issues and related research from a number of western countries. Papers include the following subjects: - Recent policy changes in the UK and the Federal Public of Germany - Distributional effects of social security - Public choice models of social security - Economic incentive effects of unemployment insurance and occupational pensions - The macroeconomic effects of the growth of benefits and their financing


Economic Effects of Social Security

Economic Effects of Social Security

Author: Henry Aaron

Publisher: Brookings Institution Press

Published: 2010-12-01

Total Pages: 97

ISBN-13: 0815707347

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The social security system affects people throughout most of their lives, at work and in retirement. The supposed effects of social security on saving, labor supply, and the distribution of income figure prominently in current debates about whether and how to change the system. Theorists have developed alternative analytical frameworks for studying social security, but all involve extreme assumptions introduced for the sake of analytical tractability. Each study seems to describe the behavior of some, but not all or even most people. The shortcomings of available data have created additional roadblocks. As a result, the effects of social security on saving and labor supply are difficult to measure, and how such a complex system influences behavior is not at all well understood. Yet decisions on social security cannot be avoided. If analysts cannot agree, policymakers are likely to increase the weight they attach to perceptions of equity, adequacy of benefits, fairness of taxes, and similar qualitative considerations. Hence it is desirable for lay observers to understand the framework that analysts use and the reasons why there is so much uncertainty. This book sheds light on social security issues by examining evidence from economic studies about how the system affects saving, labor supply, and income distribution. It shows that these studies provide little evidence to support or refute assertions that social security has reduced saving, but they do indicate that it has contributed to the trend toward early retirement. The author finds that the aged are now about as well off on the average as the general population and that social security has played a considerable role in bringing about this equality. This volume is the sixteenth in the second series of Brookings Studies of Government Finance.


Challenges to Social Security

Challenges to Social Security

Author: James Midgley

Publisher: Praeger

Published: 1996

Total Pages: 188

ISBN-13: 9780865692442

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Social security systems throughout the world are faced with unprecedented challenges in response to growing criticisms about unacceptable expenditures for government programs and questions about the appropriate role of government in providing social protection through social insurance and social assistance programs. The challenges are also a result of dramatic demographic, social, and cultural changes around the world. A variety of radical and modest reform measures are currently being discussed which have the potential of significantly impacting the means of income and health care for the elderly, children, and families. This book examines these challenges from the perspective of local analysts in both industrial and economically developing nations. The purpose of the analysis is to promote a better understanding of the integral role that social security plays in the social and economic development of diverse societies. The chapters examine the wide range of challenges to social security in Britain, Egypt and Turkey, the Netherlands, Poland, the United States, Uruguay, and Zimbabwe. An overview of the most prevalent issues are discussed, including fiscal viability, economic development, equity, administration, public confidence, and the role of social security as the primary government instrument for social protection against the loss of income and health. Essential reading for students and researchers in social policy, gerontology, and comparative social welfare.