This book provides a comprehensive analysis of federal programs for the aging, and their origins. Landmark federal legislation affecting the aging was enacted in the 1930s, and the intervening decades have witnesses a dramatic increase in the number and scope of programs. But far from constituting a cohesive national policy for the elderly, the many programs reflect the particular political and social conditions surrounding their origin and implementation. The multiplicity and complexity of resources and services available make achieving even a reasonable grasp of this field extremely difficult. This study offers a coherent and readable summary of this important area of federal legislation.

Sluggish economic growth, rising unemployment, and a rapidly aging population all exert financial pressure on public pension systems and highlight the need for major reform. Martin Schludi traces the political process of pension reform in Austria, France, Germany, Italy, and Sweden from the 1980s onward and skillfully analyzes the various political and economic factors in pension reform, such as gaining public support for policy initiatives. Schludi also considers case studies that range from successfully restructured pension arrangements to complete policy failures. This volume is an essential and valuable resource that demystifies the complex factors involved in social policy reforms driven by fiscal concerns.