scholarly journals Is an unfunded social security system good or bad for growth? A theoretical analysis of social security systems financed by VAT

2019 ◽  
Vol 22 (4) ◽  
pp. 1069-1104 ◽  
Author(s):  
Noritaka Maebayashi
Keyword(s):  
Social Security ◽  
Theoretical Analysis ◽  
Social Security System ◽  
Security System ◽  
Social Security Systems ◽  
Security Systems ◽  
Unfunded Social Security

Social transfers in the period of transformation and their effects

1998 ◽  
Vol 7 (4) ◽  
Author(s):  
Tomáš Sirovátka
Keyword(s):  
Social Security ◽  
Social Security System ◽  
Market Transition ◽  
Security System ◽  
Individual Responsibility ◽  
Necessary Condition ◽  
System Transformation ◽  
Social Security Systems ◽  
Security Systems ◽  
Social Risks

Individual responsibility and subsidiarity represent more general principles of market transition which are also relevant for social security system. The main goals of transformation of social security systems in transition countries have been defined as follows: more transparency and better targeting which is - considering cost efficiency requirement - necessary condition to protect the citizens against the newly emerging social risks. The question how far the effects of social security system transformation correspond to these claims seems to be extremely politically significant.

Long-term sickness and invalidity benefits: Forecasting and other actuarial problems

1987 ◽  
Vol 114 (3) ◽  
pp. 467-550 ◽  
Author(s):  
S. Haberman
Keyword(s):  
Social Security ◽  
Social Security System ◽  
Security System ◽  
Social Security Systems ◽  
Security Systems ◽  
Insurance Benefit ◽  
Disability Claim ◽  
The Government ◽  
The Uk

It is proposed to discuss the actuarial problems associated with the management of long-term sickness and invalidity benefits. The emphasis is on benefits provided by social security schemes (with particular reference to National Insurance benefit in the UK), but the main points are relevant to private sector benefits including permanent health insurance (PHI).The plan of the paper is as follows. We describe in Section 2 the nature of long-term invalidity benefit provided by the British social security system and then consider in Section 3 the problems associated with defining disability. A discussion of the differences between the incidence of morbidity and the making of an insurance claim leads to consideration of selection and moral hazard (Section 4). We then examine in Section 5 the methodology for analysing costs and estimating future costs with particular reference to the development within the Government Actuary's Department (GAD) of a model based on an incidence and survivorship approach to invalidity benefit and the debate aroused by CMI Report No. 7 on the same topic5. The paper then presents an analysis of recent trends in disability claim rates (Section 6) and incidence and termination rates (Sections 7 and 8) based on invalidity benefit within the British social security system, as well as PHI and the experience of other countries. Attempts are then made in Section 9 to explain these trends and the upward trend in financial costs for disability benefits experienced by many social security systems. The paper concludes with an examination of two areas of current interest, viz. sex differences in morbidity rates and claim rates (Section 10) and the relationship between claim rates and the prevailing level of unemployment (Section 11).

scholarly journals The Measurement of Social Security Convergence: The Case of European Public Pension Systems since 1950

1999 ◽  
Vol 28 (4) ◽  
pp. 595-618 ◽  
Author(s):  
PAUL JOHNSON
Keyword(s):  
Social Security ◽  
System Development ◽  
Social Security System ◽  
Security System ◽  
Public Pension ◽  
Social Security Systems ◽  
Security Systems ◽  
Regime Types ◽  
The Impact ◽  
Over Time

This article proposes a novel way of measuring cross-national changes over time in the outputs of social security systems. Traditional approaches to the comparative analysis of social security systems use expenditure levels, regime types or poverty and inequality rates to rank countries and map change over time. All these approaches encounter the problem of determining how much of the observed change is due to internal developments within the social security system, and how much due to exogenous social and economic factors. Taking the example of public pensions in five European countries since 1950, this article demonstrates how formal social security rules can be used in a simulation model to evaluate changes in public pension payments for a variety of hypothetical individuals characterised by different levels of lifetime income. This procedure produces direct measures of the impact of changes in social security systems which are entirely independent of exogenous developments in social and economic structures. This new method reveals the ‘pure’ effect of internal social security system development over time.

scholarly journals SISTEM PERLINDUNGAN SOSIAL JEPANG: MENUJU NEGARA WELFARE PLURALISM

Sosio Informa ◽  
2006 ◽  
Vol 11 (1) ◽  
Author(s):  
Mu'man Nuryana
Keyword(s):  
Social Security ◽  
Social Insurance ◽  
Present Situation ◽  
The Elderly ◽  
Social Security System ◽  
Security System ◽  
Pension Insurance ◽  
Social Security Systems ◽  
Security Systems ◽  
Welfare Pluralism

(Social ProtectionSystem in Jepang for Welfare Pluralism Country) - This article attempts to describe social security system in Japan, with special emphasize on its objectives, purposes and functions. However, Japanese social security systems will be looked at the present situation in order to know how they have been established. Indeed, social security system in Japan is a general expression that includes the systems in the following fields: social insurance systems including medical and pension insurance programs, public assistance systems to ensure the minimum level of sound and cultural living, social welfare systems for children, mothers and children, people of disabilities and for the elderly, medical care systems, and the systems for public and environmental health. And there are objectives and functions for each social security system in. A recognition into the objectives and functions of social security systems in Japan will help us in analyzing the present situation of, evaluating, or examining the desirable future of social security in Indonesia.

scholarly journals FOREIGN EXPERIENCE OF SOCIAL SECURITY SYSTEMS FOR LAW ENFORCEMENT PERSONNEL

2018 ◽  
Vol 4 (4) ◽  
pp. 116-119
Author(s):  
Nataliia Zolotarova ◽  
Hennadii Shevchuk ◽  
Andrii Shevarikhin
Keyword(s):  
Law Enforcement ◽  
Social Security ◽  
Law Enforcement Officers ◽  
Social Security System ◽  
Security System ◽  
Social Security Systems ◽  
Security Systems ◽  
Foreign Experience ◽  
Foreign Countries ◽  
The Social

The aim of the article is to analyse the foreign experience of the social security system of law enforcement personnel, to distinguish the features of establishing the rates and types of remuneration for law enforcement personnel in foreign countries, to determine the interrelation between the standard of social security and work experience and professional competencies. The subject of the study is the foreign experience of the social security system for law enforcement officials. Methodology. The study is based on a comparison of the social security system for law enforcement officials in Ukraine and in foreign countries. The analysis of the features of social security for law enforcement officers enabled to determine the advantages and disadvantages of different social security systems. A comparative legal study of certain provisions of Ukrainian legislation enabled to reveal the possibilities and limits of the application of positive foreign experience in this sphere. The results of the study revealed that in Ukraine the solution of problems on the performance improvement of law enforcement is interrelated with the issues of social security for personnel at work. Therefore, nowadays one of the main objectives is the development of a clear system of social security for law enforcement officers, including police officers, formation of an effective system of remuneration, based on performance indicators. Practical implications. In developed countries, the practice of social policy has formed several areas of its implementation. These include wage policy, social insurance, including medical, pension insurance, housing policy, as well as allowances and social benefits. Some aspects of social security for employees should be studied as a positive example for Ukraine in the course of social reforms. However, the application of foreign experience does not mean a mechanical transfer of certain forms of social security of foreign countries to Ukrainian reality. It should be considered that some aspects of reforming social security for law enforcement officers are universal; other aspects can be applied only under certain conditions related to the political situation in the country, the level of economic development, traditions, as well as the level of crime and criminalization of society. Relevance/originality. A comparative analysis of the ratio of social security systems for law enforcement officers is the basis for developing the most promising areas of domestic legislation in this sphere.

scholarly journals Kapitaldeckungs- versus Umlageverfahren

2000 ◽  
Vol 1 (4) ◽  
pp. 383-405 ◽  
Author(s):  
Friedrich Breyer
Keyword(s):  
Social Security ◽  
Old Age ◽  
Social Security Systems ◽  
Financing System ◽  
Security Systems ◽  
Rates Of Return ◽  
Radical Reform ◽  
Funded Pensions ◽  
Unfunded Social Security ◽  
Academic Debate

Abstract In the academic debate on systems of old-age insurance no question is as controversial and as vigorously discussed as the choice between funded and unfunded financing modes. At first glance this is surprising because this choice seems to involve only an efficiency problem. However, closer inspection reveals that a change of the financing system implies redistribution, if not within, at least among, different generations. In this contribution, the present state of knowledge on the functioning and the effects of the two financing systems is summarized. The analysis focuses on a comparison of rates of return and risks involved in each system and on the problems connected with a transition from unfunded to funded pensions. As a result it is argued that without reference to specific criteria of distributive equity among generations the nowadays popular call for radical reform of unfunded social security systems is not well founded.

scholarly journals Male labor force participation and social security in Mexico

2013 ◽  
Vol 13 (2) ◽  
pp. 145-171 ◽  
Author(s):  
EMMA AGUILA
Keyword(s):  
Social Security ◽  
Labor Force ◽  
Labor Force Participation ◽  
Early Retirement ◽  
Social Security System ◽  
Security System ◽  
Financial Sustainability ◽  
Social Security Systems ◽  
Retirement Behavior ◽  
Working Age

AbstractLabor force participation among Mexican males in their early retirement years (60–64 years of age) has decreased in recent decades, from 94.6% in 1960 to 65.2% in 2010. Similar trends are evident elsewhere in Latin America, and have occurred in the developed world. Such trends pose challenges to the financial sustainability of social security systems as working-age populations decrease and those in retirement increase both because of demographic trends and decisions to take early retirement. In this study, we find that the Mexican social security system provides incentives to retire early. The retirement incentives of the Mexican social security system affect retirement behavior, and may be one of the main contributors to early retirement decisions, particularly for lower-income populations. We simulated the effect of the reform from a pay-as-you-go to the new Personal Retirement Accounts (PRA) system and we find that the PRA system also provides incentives for early retirement. Further analysis is needed to assess the financial sustainability of the social security system and financial security in old age for the largest cohorts in Mexico that will begin to retire by 2040.

Compensation for Personal Injury: Comparative Incentives for the Interplay of Tort Law and Insurance Law

2017 ◽  
Vol 8 (1) ◽  
pp. 41-53
Author(s):  
Helmut Koziol
Keyword(s):  
Social Security ◽  
Tort Law ◽  
Security System ◽  
Personal Injury ◽  
Legal Systems ◽  
Social Security Systems ◽  
Security Systems ◽  
Insurance Law ◽  
Compensation Systems ◽  
The Social

AbstractThere are quite a lot of differences between compensation schemes in Europe when it comes to personal injuries. Under most legal systems the social security systems do not change the law of damages as the social insurer can take recourse against the tortfeasor. But particularly in Scandinavia the social security system displaces tort law by excluding the possibility of recourse and thus providing for a generous release from liability for the offender. These differences give the impression that they would prevent harmonisation of European compensation systems, but it seems that such differences are bridgeable.

scholarly journals Incentives to retire later – a solution to the social security crisis?

2002 ◽  
Vol 1 (2) ◽  
pp. 111-130 ◽  
Author(s):  
FRIEDRICH BREYER ◽  
MATHIAS KIFMANN
Keyword(s):  
Social Security ◽  
Pension System ◽  
Retirement Age ◽  
Negative Effects ◽  
Social Security Systems ◽  
Security Systems ◽  
Long Run ◽  
The Social ◽  
Unfunded Social Security ◽  
Increasing Function

As one possible solution to the well-known financing crisis of unfunded social security systems, an increase in the retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age chosen by workers. Moreover, the implicit tax paid to the pension system by a participant can increase in the long run if the retirement age rises in response to a ‘steep’ adjustment rule. In this sense, the proposed ‘cure’ may worsen the disease. Finally, we show how the negative effects can be avoided by forming a capital stock from the additional revenues due to later retirement.

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