Social Security And Economic Cycles
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Social Security Programs and Retirement Around the World
Author | : Axel Börsch-Supan |
Publisher | : |
Total Pages | : 672 |
Release | : 2020 |
Genre | : Postemployment benefits |
ISBN | : 9780226674100 |
"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 In the two decades since the project began, a dramatic decline in men's labor force participation has been replaced by sharply rising participation rates.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
Author | : David A. Wise |
Publisher | : University of Chicago Press |
Total Pages | : 417 |
Release | : 2017-06-02 |
Genre | : Business & Economics |
ISBN | : 022644287X |
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
Author | : B.A. Gustafsson |
Publisher | : Elsevier |
Total Pages | : 253 |
Release | : 2016-01-26 |
Genre | : Business & Economics |
ISBN | : 1483290646 |
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
The Distributional Aspects of Social Security and Social Security Reform
Author | : Martin Feldstein |
Publisher | : University of Chicago Press |
Total Pages | : 481 |
Release | : 2007-11-01 |
Genre | : Political Science |
ISBN | : 0226241890 |
Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts. As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.
Social Security Programs and Retirement around the World
Author | : Jonathan Gruber |
Publisher | : University of Chicago Press |
Total Pages | : 752 |
Release | : 2009-02-15 |
Genre | : Political Science |
ISBN | : 0226309983 |
Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying the financial burden caused by an aging population. At a certain age there is simply no financial benefit to continuing to work. In this volume, the authors turn to a country-by-country analysis of retirement behavior based on micro-data. The result of research compiled by teams in twelve countries, the volume shows an almost uniform correlation between levels of social security incentives and retirement behavior in each country. The estimates also show that the effect is strikingly uniform in countries with very different cultural histories, labor market institutions, and other social characteristics.
The Effects of Social Security on Income and the Capital Stock
Author | : Michael R. Darby |
Publisher | : |
Total Pages | : 116 |
Release | : 1979 |
Genre | : Business & Economics |
ISBN | : |
Monograph on effects of social security on aggregate savings-income ratio in the USA - uses an economic model to estimate relationships between capital stock, labour supply and social security, etc., and finds that a regression run for 1947-1974 shows no effect of social security on saving. Bibliography pp. 85 to 88, graphs, references and statistical tables.
Public Finance and Public Policy
Author | : Jonathan Gruber |
Publisher | : Macmillan |
Total Pages | : 806 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780716786559 |
Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".