In Invoking the Invisible Hand Robert Asen scrutinizes contemporary debates over proposals to privatize Social Security. Asen argues that a rights-based rhetoric employed by Social Security's original supporters enabled advocates of privatization to align their proposals with the widely held belief that Social Security functions simply as a return on a worker's contributions and that it is not, in fact, a social insurance program.
By analyzing major debates over a preeminent American institution, Asen reveals the ways in which language is deployed to identify problems for public policy, craft policy solutions, and promote policies to the populace. He shows how debate participants seek to create favorable contexts for their preferred policies and how they connect these policies to idealized images of the nation.
For generations, debating the expansion or contraction of the American welfare state has produced some of the nation's most heated legislative battles. Attempting social policy reform is both risky and complicated, especially when it involves dealing with powerful vested interests, sharp ideological disagreements, and a nervous public.
The Politics of Policy Change compares and contrasts recent developments in three major federal policy areas in the United States: welfare, Medicare, and Social Security. Daniel Béland and Alex Waddan argue that we should pay close attention to the role of ideas when explaining the motivations for, and obstacles to, policy change.
This insightful book concentrates on three cases of social policy reform (or attempted reform) that took place during the presidencies of Bill Clinton and George W. Bush. Béland and Waddan further employ their framework to help explain the meaning of the 2010 health insurance reform and other developments that have taken place during the Obama presidency. The result is a book that will improve our understanding of the politics of policy change in contemporary federal politics.
The private pension is a curiosity in the modern economic environment. Why do profit-seeking companies pay retirement benefits to those no longer on the job? In this new institutional history, Steven Sass explores the rise and growth of the financial support system that today commands trillions of dollars of investment capital and supports hundreds of thousands of older Americans.
Before 1900 America's elderly derived their livelihood from simple sources. They worked if they could, relied on their children, and took charity if necessary. By the dawn of the twentieth century, however, the country was constructing a new industrial economy. Both laborers and capital were moving away from farms toward large corporate establishments. These market changes weakened family links and traditional skills, rendering workers more vulnerable to economic shocks. The elderly, in particular, fell out of step with the new mechanized and bureaucratic regime. It was in response to these dramatic economic shifts that the institution of private pensions emerged. In return for workers' long-term loyalty, employers promised to help sustain them through old age.
As Sass shows, creating the pension system proved far more complicated than anyone had anticipated. Over the last hundred years it has evolved into a complex institution driven by congressional mandates, judicial/administrative decisions, union campaigns, political debates, and the ministrations of lawyers, economists, human resource specialists, actuaries, and insurance experts. Sass traces the U.S. pension system through to the present day, exploring how our modern corporate economy is confronting the challenges of an aging population.
Beginning with the stock market crash of 1929, Blanche Coll documents the evolution of the federal and state government policymaking for welfare and Social Security, our "safety net." As Coll points out, the policies that determine who is "entitled" to aid, how standard dollar amounts are set, child support responsibilities, the equitable fiscal division between state, federal, and local governments, and the resulting impact on the poorÐÐparticularly women and children of all racesÐÐhave fluctuated throughout the history of welfare.
Coll shows how demographic patterns, the definition of a family, the relative health of the economy, and Presidents' political agendas all deeply affect the system of entitlements to Social Security and welfare, the kernal of the American welfare state.
Safety Net is the only comprehensive history of modern welfare in the United States. Clearly written and unpolemical, it is based on a wealth of primary sources, interviews with key policymakers, and the authoritative analysis of a trained historian who served as a research administrator in the federal government through Democractic and Republican administrations. Saftey Net will be indispensable reading for everyone concerned with contemporary debates about welfare and Social Security.
Many of us suspect that Social Security faces eventual bankruptcy. But the government projects its future finances using long outdated methods. Employing a more up-to-date approach, Jagadeesh Gokhale here argues that the program faces insolvency far sooner than previously thought.
To assess Social Security’s fate more accurately under current and alternative policies, Gokhale constructs a detailed simulation of the forces shaping American demographics and the economy to project their future evolution. He then uses this simulation to analyze six prominent Social Security reform packages—two liberal, two centrist, and two conservative—to demonstrate how far they would restore the program’s financial health and which population groups would be helped or hurt in the process.
Arguments over Social Security have raged for decades, but they have taken place in a relative informational vacuum; Social Security provides the necessary bedrock of analysis that will prove vital for anyone with a stake in this important debate.
In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs—and, until recently, the pressure has been compounded by a trend toward retirement at an earlier age. With a larger fraction of the population receiving benefits, in coming decades social security in many countries may have to be reformed in order to remain financially viable.
This volume offers a cross-country analysis of the effects of disability insurance programs on labor force participation by older workers. Drawing on measures of health that are comparable across countries, the authors explore the extent to which differences in the labor force are determined by disability insurance programs and to what extent disability insurance reforms are prompted by the circumstances of a country’s elderly population.
Socializing Security examines the early movement for worker-security legislation in the United States. It focuses on a group of academic economists who became leading proponents of social insurance and protective labor legislation during the first decades of the twentieth century. These economists—including John R. Commons and Richard T. Ely—founded the American Association for Labor Legislation (AALL). As intellectuals and political activists, they theorized about the social efficiency of security legislation, proposed policies, and drafted model bills. They campaigned vigorously for industrial safety laws, workers’ compensation, unemployment insurance, and compulsory health insurance.
The AALL reformers were successful in some of their legislative campaigns, but failed in two of their most important ones, those for unemployment insurance and health insurance. In examining the obstacles that the reformers faced, David Moss highlights a variety of political and institutional constraints, including the constitutional doctrine of federalism and gender-biased judicial decisions.
The goal of the AALL reformers, Moss demonstrates, was not to relieve the poor, but rather to prevent workers and their families from falling into poverty as a result of accidents or illness. In favoring security over relief, economists in the progressive era defined and confirmed what has remained, for some eighty years, one of the essential values of American social policy. In concluding, Moss suggests that new policies may now be necessary in an economy in which falling wages and fewer jobs, rather than industrial hazards, are increasingly to blame for the precarious situation of the American worker.
During the last decade worries about population aging, increases in national expenditures for the elderly, and the trend toward early retirement have aroused new concerns about the future of old-age security. Myles and Quadagno have assembled a collection of original essays that examine how different countries have responded to these issues.
The essays in Part I explore the recent politics of old age in Great Britain, Canada, Poland, Scandinavia, West Germany, France, the Netherlands, Japan, and Australia. They demonstrate that while, during the Reagan and Thatcher era, the United States and Great Britain forged debates about old-age policies around a neo-conservative agenda, other countries facing similar matters followed different paths. In Part II, the authors examine how transformations in labor- market practices are gradually altering the status of older workers and with it our conventional understanding of old age.
The reconstruction of the international division of labor, the shift of employment from goods to services, and the adoption of new, knowledge-intensive technologies are changing the economic and political basis of the organization of old age. As we move toward the next century, these essays provide a starting point for a new generation of studies in the political economy of aging.
A damning portrait of the dire realities of retirement in the United States—and how we can fix it.
While the French went on strike in 2023 to protest the increase in the national retirement age, workers in the United States have all but given up on the notion of dignified retirement for all. Instead, Americans—whose elders face the highest risk of poverty compared to workers in peer nations—are fed feel-good stories about Walmart clerks who can finally retire because a customer raised the necessary funds through a GoFundMe campaign.
Many argue that the solution to the financial straits of American retirement is simple: people need to just work longer. Yet this call to work longer is misleading in a multitude of ways, including its endangering of the health of workers and its discrimination against people who work in lower-wage occupations. In Work, Retire, Repeat, Teresa Ghilarducci tells the stories of elders locked into jobs—not because they love to work but because they must.
But this doesn’t need to be the reality. Work, Retire, Repeat shows how relatively low-cost changes to how we finance and manage retirement will allow people to truly choose how they spend their golden years.
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