The political future of social security in aging societies:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass. [u.a.]
MIT Press
2006
|
| Subjects: | |
| Online Access: | Table of contents only Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XVII, 257 S. graph. Darst. |
| ISBN: | 0262072734 9780262072731 9780262572460 |
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MARC
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| 245 | 1 | 0 | |a The political future of social security in aging societies |c Vincenzo Galasso |
| 264 | 1 | |a Cambridge, Mass. [u.a.] |b MIT Press |c 2006 | |
| 300 | |a XVII, 257 S. |b graph. Darst. | ||
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| 650 | 4 | |a Sécurité sociale - Cas, Études de | |
| 650 | 4 | |a Sécurité sociale - Prévision | |
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Record in the Search Index
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| adam_text | Contents
List of Tables xi
List of Figures xiii
Preface xv
1 Introduction 1
2 Crucial Features of the Social Security Debate: A Cross country
Analysis 11
2.1 A Comparison of PAYG Social Security Systems 13
2.2 Demographic Trends: Population Aging 27
2.3 Labor Market Trends: Early Retirement 29
2.4 Political Representation in an Aging Society 33
3 Theories of Welfare State Expansion and Retrenchment 37
3.1 Theories of Welfare State Expansion 39
3.2 A Political Economy Approach to Social Security 43
3.3 Aging and Retrenchment 52
4 Assessing the Political Sustainability of Social Security Systems:
A Theoretical Framework 57
4.1 The Economic Environment 59
4.2 The Political System 65
4.3 Methodology and Calibration 72
5 The Future of the Social Security System in France 77
5.1 The Current Social Security System: An Overview 80
5.2 Demographic Elements 87
5.3 Political Constraints and the Future of Social Security 89
viii Contents
6 The Future of the Social Security System in Germany 97
6.1 The Current Social Security System: An Overview 99
6.2 Demographic Issues 105
6.3 The Future of the German System 107
7 Political Sustainability and Reforms in Italy 115
7.1 An Overview of the Italian Social Security System 117
7.2 Aging in Italy 124
7.3 Political Sustainability of the Reforms 126
7.4 An Evaluation of the Reforms in a Graying Society 136
8 Political Sustainability and the Silent Reform in Spain 139
8.1 An Overview of the Spanish Social Security System 141
8.2 Spain: An Aging Society 145
8.3 Which Future for the Spanish System? 147
9 Political Sustainability in a Redistributive System: The United
Kingdom 159
9.1 An Overview of the British Social Security System 163
9.2 Aging in the United Kingdom 168
9.3 Challenges for the Future 170
10 Political Sustainability in a Redistributive System: The United
States 181
10.1 The Current Social Security System: A Brief Description 183
10.2 Aging in the United States 193
10.3 Political Sustainability 196
11 Demographics, Political Sustainability, and Reform Options: A
Cross country Comparison 205
11.1 Assessing the Political Sustainability of Social Security 207
11.2 Country Specific Features 211
11.3 The Political Feasibility of Postponing Retirement 213
11.4 Delegating Pension Policy: A Role for the European
Commission? 218
A Technical Appendix 221
B Data Appendix 225
Contents ix
Notes 229
Bibliography 235
Index 245
List of Tables
2.1 Principal features of the PAYG social security systems 14
2.2 Recent reform measures 23
2.3 Official projections of old age pension spending over
GDP 26
2.4 Demographic trends 27
2.5 Dependency ratios and retirement ages 29
2.6 Labor force participation of males aged 55 to 64 years 30
2.7 Turnout rate at elections by age 34
3.1 PAYG versus risk free asset, average real returns, 1961
to 1996 47
3.2 Returns from alternative assets for the US median voter 48
4.1 Estimated parameters of the model 73
4.2 Calibrated parameters of the model 75
4.3 Forecasted parameters of the model for 2050 75
5.1 Direct impact of aging: Simulation results 90
5.2 Model with labor market distortion: Simulation results 94
6.1 Direct impact of aging: Simulation results 110
6.2 Model with labor market distortion: Simulation results 113
7.1 Main features of the phased in systems for private
employees 122
7.2 Economic effects of the reforms on individuals net pen¬
sion wealth by age group 128
7.3 Population characteristics by educational level 131
7.4 Simulation results 134
xii List of Tables
8.1 Simulation results 154
9.1 Relative poverty risks in 1998 by age group 161
9.2 Retirees income by composition and income quintile in
1996 170
9.3 Simulation results 176
9.4 Simulation results with expected education groups in
2050 178
10.1 Simulation results 201
11.1 Direct impact of aging: Simulation results 208
11.2 Actual and simulated composition of retirees income 209
11.3 Model with labor market distortions: Simulation results 210
11.4 Postponing retirement: Simulation results 216
List of Figures
Figure 2.1 Share of elderly in the total population 28
Figure 2.2 Average length of retirement 32
Figure 2.3 Median age among voters 34
Figure 4.1 Individual preferences over social security in
Europe, showing support for maintaining cur¬
rent pension levels even if this means raising
taxes or contributions 58
Figure 4.2 Voter s time horizon 66
Figure 5.1 Welfare expenditure decomposition in 2000 78
Figure 5.2 Aging in France: Population by age group in
2000 and 2050 88
Figure 5.3 Longevity and retirement 91
Figure 5.4 Consumption profiles by age in 2000 and 2050 93
Figure 6.1 Welfare expenditure decomposition in 2000 98
Figure 6.2 Aging in Germany: Population by age group in
2000 and 2050 106
Figure 6.3 Longevity and retirement 109
Figure 6.4 Consumption profile by age in 2000 and 2050 112
Figure 7.1 Welfare expenditure decomposition in 2000 116
Figure 7.2 Pension expenditures per elderly person 119
Figure 7.3 Aging in Italy: Population by age group in 2000
and 2050 125
Figure 7.4 Demographic dynamics 125
Figure 7.5 Earning profiles by age 132
xiv List of Figures
Figure 7.6 Most preferred contribution rates by age and
education level in 2050 135
Figure 8.1 Welfare expenditure decomposition in 2000 140
Figure 8.2 Aging in Spain: Population by age group in
2000 and 2050 146
Figure 8.3 Most preferred contribution rates by age and
education level in 2050 156
Figure 9.1 Welfare expenditure decomposition in 2000 160
Figure 9.2 Second pension pillar affiliates in 1999 167
Figure 9.3 Aging in United Kingdom: Population by age
group in 2000 and 2050 169
Figure 9.4 Earning profiles by age 175
Figure 9.5 Most preferred contribution rate by age for low
educated individuals 178
Figure 10.1 Welfare expenditure decomposition in 2000 182
Figure 10.2 OASI trust fund 187
Figure 10.3 Within cohort redistribution in 1995 188
Figure 10.4 Social security and health expenditure 190
Figure 10.5 Aging in the United States: Population by age
group in 2000 and 2050 194
Figure 10.6 Population and voters by age in 2000 195
Figure 10.7 Population and voters by age in 2050 196
Figure 10.8 Returns from social security for the median
voter 198
Figure 10.9 Earning profile by age 199
Figure 10.10 Most preferred contribution rate by age and
education level in 2050 202
|
| adam_txt |
Contents
List of Tables xi
List of Figures xiii
Preface xv
1 Introduction 1
2 Crucial Features of the Social Security Debate: A Cross country
Analysis 11
2.1 A Comparison of PAYG Social Security Systems 13
2.2 Demographic Trends: Population Aging 27
2.3 Labor Market Trends: Early Retirement 29
2.4 Political Representation in an Aging Society 33
3 Theories of Welfare State Expansion and Retrenchment 37
3.1 Theories of Welfare State Expansion 39
3.2 A Political Economy Approach to Social Security 43
3.3 Aging and Retrenchment 52
4 Assessing the Political Sustainability of Social Security Systems:
A Theoretical Framework 57
4.1 The Economic Environment 59
4.2 The Political System 65
4.3 Methodology and Calibration 72
5 The Future of the Social Security System in France 77
5.1 The Current Social Security System: An Overview 80
5.2 Demographic Elements 87
5.3 Political Constraints and the Future of Social Security 89
viii Contents
6 The Future of the Social Security System in Germany 97
6.1 The Current Social Security System: An Overview 99
6.2 Demographic Issues 105
6.3 The Future of the German System 107
7 Political Sustainability and Reforms in Italy 115
7.1 An Overview of the Italian Social Security System 117
7.2 Aging in Italy 124
7.3 Political Sustainability of the Reforms 126
7.4 An Evaluation of the Reforms in a Graying Society 136
8 Political Sustainability and the Silent Reform in Spain 139
8.1 An Overview of the Spanish Social Security System 141
8.2 Spain: An Aging Society 145
8.3 Which Future for the Spanish System? 147
9 Political Sustainability in a Redistributive System: The United
Kingdom 159
9.1 An Overview of the British Social Security System 163
9.2 Aging in the United Kingdom 168
9.3 Challenges for the Future 170
10 Political Sustainability in a Redistributive System: The United
States 181
10.1 The Current Social Security System: A Brief Description 183
10.2 Aging in the United States 193
10.3 Political Sustainability 196
11 Demographics, Political Sustainability, and Reform Options: A
Cross country Comparison 205
11.1 Assessing the Political Sustainability of Social Security 207
11.2 Country Specific Features 211
11.3 The Political Feasibility of Postponing Retirement 213
11.4 Delegating Pension Policy: A Role for the European
Commission? 218
A Technical Appendix 221
B Data Appendix 225
Contents ix
Notes 229
Bibliography 235
Index 245
List of Tables
2.1 Principal features of the PAYG social security systems 14
2.2 Recent reform measures 23
2.3 Official projections of old age pension spending over
GDP 26
2.4 Demographic trends 27
2.5 Dependency ratios and retirement ages 29
2.6 Labor force participation of males aged 55 to 64 years 30
2.7 Turnout rate at elections by age 34
3.1 PAYG versus risk free asset, average real returns, 1961
to 1996 47
3.2 Returns from alternative assets for the US median voter 48
4.1 Estimated parameters of the model 73
4.2 Calibrated parameters of the model 75
4.3 Forecasted parameters of the model for 2050 75
5.1 Direct impact of aging: Simulation results 90
5.2 Model with labor market distortion: Simulation results 94
6.1 Direct impact of aging: Simulation results 110
6.2 Model with labor market distortion: Simulation results 113
7.1 Main features of the phased in systems for private
employees 122
7.2 Economic effects of the reforms on individuals' net pen¬
sion wealth by age group 128
7.3 Population characteristics by educational level 131
7.4 Simulation results 134
xii List of Tables
8.1 Simulation results 154
9.1 Relative poverty risks in 1998 by age group 161
9.2 Retirees' income by composition and income quintile in
1996 170
9.3 Simulation results 176
9.4 Simulation results with expected education groups in
2050 178
10.1 Simulation results 201
11.1 Direct impact of aging: Simulation results 208
11.2 Actual and simulated composition of retirees'income 209
11.3 Model with labor market distortions: Simulation results 210
11.4 Postponing retirement: Simulation results 216
List of Figures
Figure 2.1 Share of elderly in the total population 28
Figure 2.2 Average length of retirement 32
Figure 2.3 Median age among voters 34
Figure 4.1 Individual preferences over social security in
Europe, showing support for maintaining cur¬
rent pension levels even if this means raising
taxes or contributions 58
Figure 4.2 Voter's time horizon 66
Figure 5.1 Welfare expenditure decomposition in 2000 78
Figure 5.2 Aging in France: Population by age group in
2000 and 2050 88
Figure 5.3 Longevity and retirement 91
Figure 5.4 Consumption profiles by age in 2000 and 2050 93
Figure 6.1 Welfare expenditure decomposition in 2000 98
Figure 6.2 Aging in Germany: Population by age group in
2000 and 2050 106
Figure 6.3 Longevity and retirement 109
Figure 6.4 Consumption profile by age in 2000 and 2050 112
Figure 7.1 Welfare expenditure decomposition in 2000 116
Figure 7.2 Pension expenditures per elderly person 119
Figure 7.3 Aging in Italy: Population by age group in 2000
and 2050 125
Figure 7.4 Demographic dynamics 125
Figure 7.5 Earning profiles by age 132
xiv List of Figures
Figure 7.6 Most preferred contribution rates by age and
education level in 2050 135
Figure 8.1 Welfare expenditure decomposition in 2000 140
Figure 8.2 Aging in Spain: Population by age group in
2000 and 2050 146
Figure 8.3 Most preferred contribution rates by age and
education level in 2050 156
Figure 9.1 Welfare expenditure decomposition in 2000 160
Figure 9.2 Second pension pillar affiliates in 1999 167
Figure 9.3 Aging in United Kingdom: Population by age
group in 2000 and 2050 169
Figure 9.4 Earning profiles by age 175
Figure 9.5 Most preferred contribution rate by age for low
educated individuals 178
Figure 10.1 Welfare expenditure decomposition in 2000 182
Figure 10.2 OASI trust fund 187
Figure 10.3 Within cohort redistribution in 1995 188
Figure 10.4 Social security and health expenditure 190
Figure 10.5 Aging in the United States: Population by age
group in 2000 and 2050 194
Figure 10.6 Population and voters by age in 2000 195
Figure 10.7 Population and voters by age in 2050 196
Figure 10.8 Returns from social security for the median
voter 198
Figure 10.9 Earning profile by age 199
Figure 10.10 Most preferred contribution rate by age and
education level in 2050 202 |
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| author | Galasso, Vincenzo 1967- |
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| callnumber-subject | HD - Industries, Land Use, Labor |
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| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 368 - Insurance |
| dewey-raw | 368.4/3 |
| dewey-search | 368.4/3 |
| dewey-sort | 3368.4 13 |
| dewey-tens | 360 - Social problems and services; associations |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
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| geographic | Industriestaaten (DE-588)4026840-8 gnd |
| geographic_facet | Industriestaaten |
| id | DE-604.BV022268045 |
| illustrated | Illustrated |
| index_date | 2024-07-02T16:45:07Z |
| indexdate | 2024-07-09T20:53:44Z |
| institution | BVB |
| isbn | 0262072734 9780262072731 9780262572460 |
| language | English |
| lccn | 2006022065 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-015478580 |
| oclc_num | 70335037 |
| open_access_boolean | |
| owner | DE-20 DE-945 DE-521 DE-83 DE-M382 DE-19 DE-BY-UBM DE-11 DE-188 |
| owner_facet | DE-20 DE-945 DE-521 DE-83 DE-M382 DE-19 DE-BY-UBM DE-11 DE-188 |
| physical | XVII, 257 S. graph. Darst. |
| publishDate | 2006 |
| publishDateSearch | 2006 |
| publishDateSort | 2006 |
| publisher | MIT Press |
| record_format | marc |
| spelling | Galasso, Vincenzo 1967- Verfasser (DE-588)122685970 aut The political future of social security in aging societies Vincenzo Galasso Cambridge, Mass. [u.a.] MIT Press 2006 XVII, 257 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Sociale zekerheid gtt Sécurité sociale - Cas, Études de Sécurité sociale - Prévision Veroudering (demografie) gtt Soziale Sicherheit Social security Case studies Social security Forecasting Soziale Sicherheit (DE-588)4055732-7 gnd rswk-swf Sozialstaat (DE-588)4055896-4 gnd rswk-swf Internationaler Vergleich (DE-588)4120509-1 gnd rswk-swf Alternde Bevölkerung (DE-588)4334479-3 gnd rswk-swf Industriestaaten (DE-588)4026840-8 gnd rswk-swf (DE-588)4522595-3 Fallstudiensammlung gnd-content Sozialstaat (DE-588)4055896-4 s Alternde Bevölkerung (DE-588)4334479-3 s DE-188 Industriestaaten (DE-588)4026840-8 g Soziale Sicherheit (DE-588)4055732-7 s Internationaler Vergleich (DE-588)4120509-1 s http://www.loc.gov/catdir/toc/ecip0617/2006022065.html Table of contents only HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015478580&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Galasso, Vincenzo 1967- The political future of social security in aging societies Sociale zekerheid gtt Sécurité sociale - Cas, Études de Sécurité sociale - Prévision Veroudering (demografie) gtt Soziale Sicherheit Social security Case studies Social security Forecasting Soziale Sicherheit (DE-588)4055732-7 gnd Sozialstaat (DE-588)4055896-4 gnd Internationaler Vergleich (DE-588)4120509-1 gnd Alternde Bevölkerung (DE-588)4334479-3 gnd |
| subject_GND | (DE-588)4055732-7 (DE-588)4055896-4 (DE-588)4120509-1 (DE-588)4334479-3 (DE-588)4026840-8 (DE-588)4522595-3 |
| title | The political future of social security in aging societies |
| title_auth | The political future of social security in aging societies |
| title_exact_search | The political future of social security in aging societies |
| title_exact_search_txtP | The political future of social security in aging societies |
| title_full | The political future of social security in aging societies Vincenzo Galasso |
| title_fullStr | The political future of social security in aging societies Vincenzo Galasso |
| title_full_unstemmed | The political future of social security in aging societies Vincenzo Galasso |
| title_short | The political future of social security in aging societies |
| title_sort | the political future of social security in aging societies |
| topic | Sociale zekerheid gtt Sécurité sociale - Cas, Études de Sécurité sociale - Prévision Veroudering (demografie) gtt Soziale Sicherheit Social security Case studies Social security Forecasting Soziale Sicherheit (DE-588)4055732-7 gnd Sozialstaat (DE-588)4055896-4 gnd Internationaler Vergleich (DE-588)4120509-1 gnd Alternde Bevölkerung (DE-588)4334479-3 gnd |
| topic_facet | Sociale zekerheid Sécurité sociale - Cas, Études de Sécurité sociale - Prévision Veroudering (demografie) Soziale Sicherheit Social security Case studies Social security Forecasting Sozialstaat Internationaler Vergleich Alternde Bevölkerung Industriestaaten Fallstudiensammlung |
| url | http://www.loc.gov/catdir/toc/ecip0617/2006022065.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015478580&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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