Social Security, Induced Retirement, and Aggregate Capital Accumulation

1974 ◽  
Vol 82 (5) ◽  
pp. 905-926 ◽  
Author(s):  
Martin Feldstein
Keyword(s):  
Social Security ◽  
Capital Accumulation ◽  
Induced Retirement

scholarly journals Aging, Social Security Design, and Capital Accumulation

2015 ◽  
Author(s):  
Antoine Dedry ◽  
Harun Onder ◽  
Pierre Pestieau
Keyword(s):  
Social Security ◽  
Capital Accumulation ◽  
Security Design

scholarly journals The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks

2001 ◽  
Vol 91 (1) ◽  
pp. 128-148 ◽  
Author(s):  
Andrew B Abel
Keyword(s):  
Social Security ◽  
Stock Market ◽  
Equilibrium Model ◽  
Capital Accumulation ◽  
Equity Premium ◽  
Fixed Costs ◽  
Lower Income ◽  
Defined Contribution ◽  
Per Capita ◽  
Security Funds

With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully funded defined-contribution Social Security system tries to exploit the equity premium by selling a dollar of bonds per capita and buying a dollar of equity per capita, consumers who save but do not participate in the stock market will increase their consumption, thereby reducing saving and capital accumulation. Calibration of a general-equilibrium model indicates that this policy could reduce the aggregate capital stock substantially, by about 50 cents per capita. (JEL H55)

scholarly journals Aging, Social Security Design, and Capital Accumulation

2015 ◽  
Author(s):  
Antoine Dedry ◽  
Harun Onder ◽  
Pierre Pestieau
Keyword(s):  
Social Security ◽  
Capital Accumulation ◽  
Security Design

scholarly journals The role of the age-friendly cities movement in the framework of active aging policies against the socioeconomic risks of demographic aging

2020 ◽  
Vol 17 (3) ◽  
pp. 847-863
Author(s):  
Aykut Aydın ◽  
Muharrem Es
Keyword(s):  
Social Security ◽  
Living Arrangements ◽  
Capital Accumulation ◽  
Healthy Aging ◽  
World Health ◽  
Active Aging ◽  
Education Policies ◽  
Demographic Aging ◽  
Health Organization ◽  
The Individual

Aging, a common problem in almost all countries, both developed and developing, is expressed in terms of a decrease in global birth and death rates or, from a different perspective, an increase in mean life expectancy. Demographic aging, which may be regarded as both a threat and an opportunity, affects a very broad sphere, including basic health, the economy, social security, the saving-consumption balance, living arrangements, urbanization, and the family structure, and therefore brings different disciplines together. Looked at in greater detail, it is a subject that requires reflection and planning since it affects such areas as change in a country’s population structure, economic growth, labor markets, labor supply and productivity, development policies, public borrowing, health and social security policies, education policies, and urbanization policies. The fact that demographic aging is a common problem of both developed and developing countries raises the question of active and healthy aging policies. These policies are thought to play an important role in measures created or potentially created by aging. Discovery of the importance of individual capital accumulation and wide social capital has prepared the dissemination of active-healthy aging policies out of the idea that investment in individuals’ health, education, and participation opportunities will benefit both the individual and the community. The emergence of the ‘Age-Friendly Cities’ movement initiated by the World Health Organization is one concrete outcome of these policies. The first section of this study will discuss the concept of demographic aging and its relationship with active-healthy aging. The economic and social effects of demographic aging will then be discussed. Another section of the study will discuss the concept of age-friendly cities, their relationship with active aging, and their role against the impacts of demographic aging.

scholarly journals ‘Market Workfare’: Social Security, Social Regulation and Competitiveness in the 1990s

1999 ◽  
Vol 28 (1) ◽  
pp. 73-96 ◽  
Author(s):  
CHRIS GROVER ◽  
JOHN STEWART
Keyword(s):  
Social Security ◽  
Capital Accumulation ◽  
Security Policy ◽  
Social Regulation ◽  
The Social ◽  
Low Levels ◽  
The Government ◽  
Social Security Policy ◽  
Social Security Benefits ◽  
Regulation Approach

A Regulation Approach framework has been adopted to analyse the very rapid period of change in social security policy since the late 1980s. It is argued that the changes can be explained in terms of a number of regulatory dilemmas which emerged or were intensified under neo-liberal capital accumulation. Some of the regulatory dilemmas – high levels of economic inactivity, inflationary pressures consequent to higher employment and low levels of wages – it was thought could be managed through the social security system using what we call ‘market workfare’; by which we mean in-work means-tested social security benefits which have some measure of compulsion to work attached, such that it counts as workfare. The aim of in-work benefits is to reduce wages further so that the market can respond by creating more low-wage employment. By this stratagem it is the market which responds to labour demand, rather than the government creating work opportunities. The parliamentary neo-liberal right's approach to ‘market workfare’ is discussed, and then it is suggested that the marked similarities between New Labour and the previous parliamentary neo-liberal right can be explained because both administrations were attempting to manage the same regulatory dilemmas.

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