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43 books match the query 'Social Security'

cover of Abraham Epstein: The Forgotten Father of Social Security

Abraham Epstein

The Forgotten Father of Social Security

Pierre Epstein

University of Missouri Press, 2006

Social Security has long been called the third rail of American politics—an unassailable institution for which we can thank Franklin Delano Roosevelt. Or can we?
Abraham Epstein was a major figure in American social reform during the first half of the twentieth century. His name and his theories appear in almost every book written on Social Security and the New Deal, but a full account of his life has never been made. Epstein’s son, Pierre, now secures his legacy in this book that tells for the first time the story of his father’s role in the conception and enactment of Social Security and sheds new light on the inner workings of the Roosevelt administration.
Combining memoir and intellectual history, Pierre Epstein takes readers behind the scenes of New Deal legislation to tell how his father’s fast-moving career led him to become the real architect of Social Security—he even came up with those two words to explain his theories. A prolific journalist, founder of the American Association for Social Security, and author of numerous books, including Insecurity: A Challenge to America, Abe Epstein fought desperately with FDR to remedy the failings of the original Social Security Act—only to be cast aside by political machinations. Nonetheless, the exclusion did not stop him from making significant contributions to the 1939 amendments that solidified Social Security for coming generations of Americans.
In this book readers will meet a colorful and tenacious player in the history of this critical piece of social insurance legislation—an obsessed reformer who mobilized support from the bottom up for his vision of Social Security. They will also meet his family and learn of the struggles and frustrations Abe Epstein faced in making his way in America as an immigrant Russian Jew.
This engaging book fills a major gap in the historical record, showing that Social Security is more than a technical subject about finance and actuarial statistics, that it is primarily a human idea with deep philosophical roots. In the face of today’s privatization controversy, Abraham Epstein’s theories have much to tell us about the current debate while Pierre Epstein’s insightful narrative shows us the underlying importance of one man’s indelible legacy.
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cover of Administrative Aspects of Investment-Based Social Security Reform

Administrative Aspects of Investment-Based Social Security Reform

Edited by John B. Shoven

University of Chicago Press, 2000

Social security reform in the United States continues to be a pressing and contentious issue, with advocates touting some form of a centralized or a privatized system of personal accounts. In general, centralized systems offer low administrative costs, but are potentially subject to political mismanagement and appropriation. Privatized account systems, on the other hand, offer higher yields with more flexibility, but may prove too expensive and logistically daunting to implement. Uniting learned and outspoken proponents on both sides of the debate, this volume provides the first comprehensive analysis of the issues involved in administering a system of essentially private social security accounts. The contributors together come to startlingly similar conclusions, generally agreeing that a centralized system of accounts could deliver the benefits of privatization in a feasible and cost-efficient way by accessing administrative mechanisms already in existence. This is perhaps the most far-reaching synthesis yet envisioned of functional and implementable social security reform.
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cover of Assuring Child Support: An Extension of Social Security

Assuring Child Support

An Extension of Social Security

Irwin Garfinkel

Russell Sage Foundation, 1992

In the United States, rates of divorce and out-of-wedlock childbirth are climbing so dramatically that over half of the next generation is likely to spend part of its childhood in single-mother families. As many as half of these families will live in poverty, caused in large measure by the failure of current government regulations to secure adequate child support from absent parents and to assure minimum support when parents cannot provide it. Assuring Child Support introduces the Child Support Assurance System, a remedy to this problem that is both feasible and affordable, a practical reform that is within the nation's grasp. "An extremely well-written and provocative book." —Eastern Economic Journal
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cover of Forever Broke: How Baby Boomers are Bankrupting the Millennial Generation

Forever Broke

How Baby Boomers are Bankrupting the Millennial Generation

Andrew Stiles

Templeton Press, 2018

Rising journalist and fellow millennial Andrew Stiles is all too familiar with the financial realities of his generation—inescapable student debt, insufficient jobs, and the sort of apathetic response to the inevitable Social Security drainage that will leave them empty-handed in old age. But rather than resigning or whining, Stiles employs both humor and research to illustrate what is turning out to be a “bleakenomic” future for millennials.
Some of his key findings include:
  • U.S. debt is approaching 100 percent of GDP, the highest level since World War II.
  • By 2050, debt is on track to reach an unprecedented 145 percent of GDP. Under one pessimistic (but probably more realistic) scenario, CBO estimates that debt could rise to 244 percent of GDP, which means lights out.
  • By 2050, federal spending is projected to exceed 29 percent of GDP, levels not seen since the height of World War II. We’re on track to spending more money on baby boomers in retirement than we did to defeat the Nazis.
  • Since 1984, the median net worth for households headed by some­one under the age of 35 has declined 68 percent. For retirement age households, net worth has increased 42 percent over that same period. The result is the largest generational wealth gap in history. Boomers did better than their kids in early adulthood, and will do better than their kids in retirement.
  • As millennials remain childless and single for longer, they face one of the highest tax rates (16.9 percent) for their demographic in the developed world.
The millennial reality is harsh, but Stiles does not wallow in it. Rather, he uses the data as a slap in the face to shame boomers and wake up millennials to save, vote, and work for change in a system that can’t continue.
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cover of Insuring Inequality: Administrative Leadership in Social Security, 1935-54

Insuring Inequality

Administrative Leadership in Social Security, 1935-54

Jerry R. Cates

University of Michigan Press, 1983

The establishment of the Social Security Board in 1935 confronted administrators and policy makers with basic value decisions. Should the system serve to raise the incomes of America's neediest citizens? Or did that aim smack too much of the ideology of redistribution of wealth? Would it rob workers of incentives to provide for their own futures and reward idleness? The conflict of values was played out on a political stage marked by infighting, deception, and short-sighted compromise. The result is the social security system we know today— one that benefits those who need it least, and one that is in a perpetual state of financial difficulty. Insuring Inequality is a penetrating analysis and indictment of that bureaucracy which felt the welfare of America's aged was an acceptable price to pay for the preservation of an ideologically correct social insurance system— a system that would not seriously challenge income inequality in America. Previously unresearched documents not only reveal that social insurance discriminates against the poor and this was a foreseen, intended consequence; but they also reveal that the leaders predicted a financially troubled system and did little to prevent it.
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cover of Invoking the Invisible Hand: Social Security and the Privatization Debates

Invoking the Invisible Hand

Social Security and the Privatization Debates

Robert Asen

Michigan State University Press, 2009

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.

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cover of Is It Time to Reform Social Security?

Is It Time to Reform Social Security?

Edward M. Gramlich

University of Michigan Press, 2000

Social Security is now the federal government's largest, and probably its most popular, program. It has performed well and grown hugely over the twentieth century, with the trust fund that pays benefits generally being kept financially solvent and paying people a decent return on their contributions.
But all of that could change, with the slowdown in fertility, longer life expectancies, and slower economic growth expected for the twenty-first century. Now it looks as though a continuation of the present system will entail progressively higher payroll tax rates and progressively lower rates of return on people's contributions, especially for younger Americans.
Edward M. Gramlich, who chaired the Social Security Advisory Council that concluded its two-and-a- half-year investigation in January 1997, believes there is just one way to preserve the main social protections of Social Security while still restoring its financial affordability. This approach involves moving to more advanced funding of future benefit costs.Gramlich argues for a sensible way to bring about such a change, by combining modest curbs on the future growth of benefits with mandatory saving accounts on top of Social Security. The combination cuts the future growth in pension spending, restores the finances of the trust fund, and makes Social Security benefits affordable to the nation as a whole.
The book also reviews some prominent Social Security-type program reform efforts also underway in other parts of the world. It shows how the type of Social Security reform suggested above compares favorably to the reforms now being undertaken in countries such as the United Kingdom, Australia, and Chile.
Written in an accessible and engaging style, the book is a must-read for all people who wish to be well informed about Social Security reform, the outcome of which will affect all U.S. citizens, how we view and save for our future, and how we will live once we retire.
"Social security is one of the most talked about economic and social policy issues of the decade. Almost everybody knows something about it, but few of us know what should be done to keep it solvent and sufficient. In plain language, Gramlich lays out the issues and explains the options. Is It Time to Reform Social Security? will be an informative guide for the concerned public and a valued reference for responsible policy makers." --Lana Pollack, President of the Michigan Environmental Council and former Michigan State Representative
". . . a clear, concise, nontechnical overview of Social Security and its future funding problems by a very knowledgeable and well-respected analyst. Gramlich discusses a wide range of reform options, drawn from both home and abroad. His own proposal, to 'mend it rather than end it,' is an attractive compromise between those who prefer as little reform as possible, and thos who want to change fundamentally a system that has worked well for sixty years." --Joseph Quinn, Boston College
Edward M. Gramlich is Professor of Economics and Dean of the School of Public Policy, University of Michigan.
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cover of Is Social Security Broke?: A Cartoon Guide to the Issues

Is Social Security Broke?

A Cartoon Guide to the Issues

Barbara R. Bergmann and Jim Bush

University of Michigan Press, 2000

A funny, smart, and engaging book on Social Security? You bet! Let Bill and Betty Boomer, their parents Ed and Ethel Elderly, and the young married Steve and Sue Sprout take you through the thickets of this thorny issue. You will come to understand why people are so worried about Social Security, how it operates, how we can keep it going, the problems we would face under a privatized system, and why Americans have always chosen to shore up this important program. You will learn about the system and the current debates surrounding it--and find yourself enjoying it at the same time.
Barbara R. Bergmann is Professor Emerita, University of Maryland and The American University. Jim Bush is the editorial cartoonist for the Providence Journal.
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cover of Making Security Social: Disability, Insurance, and the Birth of the Social Entitlement State in Germany

Making Security Social

Disability, Insurance, and the Birth of the Social Entitlement State in Germany

Greg Eghigian

University of Michigan Press, 2000

While welfare has been subject to pronounced criticism throughout the twentieth century, social insurance has consistently enjoyed the overwhelming support of European policy makers and citizens. This volume argues that the emergence of social insurance represents a paradigmatic shift in modern understandings of health, work, political participation, and government. By institutionalizing compensation, social insurance transformed it into a right that the employed population quickly came to assume. Theoretically informed and based on intensive archival research on disability insurance records, most of which have never been used by historians, the book considers how social science and political philosophy combined to give shape to the idea of a "social" insurance in the nineteenth century; the process by which social insurance gave birth to modern notions of "disability" and "rehabilitation"; and the early-twentieth-century development of political action groups for the disabled. Most earlier histories of German social insurance have been legislative histories that stressed the system's coercive features and functions. Making Security Social, by contrast, emphasizes the administrative practices of everyday life, the experience of consumers, and the ability of workers not only to resist, but to transform, social insurance bureaucracy and political debate. It thus demonstrates that social insurance was pivotal in establishing a general attitude of demand, claim, and entitlement as the primary link between the modern state and those it governed. In addition to historians of Germany, Making Security Social will attract researchers across disciplines who are concerned with public policy, disability studies, and public health.
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cover of Making Sense of Social Security Reform

Making Sense of Social Security Reform

Daniel Shaviro

University of Chicago Press, 2000

The Social Security Act of 1935 must be counted among the most monumental pieces of legislation ever passed by Congress. Today, sixty-five years after its enactment, public support for Social Security remains extremely strong. At the same time, there have been reports that Social Security is in grave danger of financial collapse, and numerous groups across the political spectrum have agitated for its reform. The president has put forward proposals to rescue Social Security, conservatives argue for its privatization, and liberals advocate increases in its funding from surplus tax revenues.

But what is the average person to make of all this? How many Americans know where the money for Social Security benefits really comes from, or who wins and loses from the system's overall operations? Few people understand the current Social Security system in even its broadest outlines. And yet Social Security reform is ranked among the most important social issues of our time.

With Making Sense of Social Security Reform, Daniel Shaviro makes an important contribution to the public understanding of the issues involved in reforming Social Security. His book clearly and straightforwardly describes the current system and the pressures that have been brought to bear upon it, before dissecting and evaluating the various reform proposals. Accessible to anyone who has an interest in the issue, Shaviro's new work is unique in offering a balanced, nonpartisan account.
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cover of Old Assumptions, New Realities: Ensuring Economic Security for Working Families in the 21st Century

Old Assumptions, New Realities

Ensuring Economic Security for Working Families in the 21st Century

Robert D. Plotnick

Russell Sage Foundation, 2011

The way Americans live and work has changed significantly since the creation of the Social Security Administration in 1935, but U.S. social welfare policy has failed to keep up with these changes. The model of the male breadwinner-led nuclear family has given way to diverse and often complex family structures, more women in the workplace, and nontraditional job arrangements. Old Assumptions, New Realities identifies the tensions between twentieth-century social policy and twenty-first-century realities for working Americans and offers promising new reforms for ensuring social and economic security. Old Assumptions, New Realities focuses on policy solutions for today's workers—particularly low-skilled workers and low-income families. Contributor Jacob Hacker makes strong and timely arguments for universal health insurance and universal 401(k) retirement accounts. Michael Stoll argues that job training and workforce development programs can mitigate the effects of declining wages caused by deindustrialization, technological changes, racial discrimination, and other forms of job displacement. Michael Sherraden maintains that wealth-building accounts for children—similar to state college savings plans—and universal and progressive savings accounts for workers can be invaluable strategies for all workers, including the poorest. Jody Heymann and Alison Earle underscore the potential for more extensive work-family policies to help the United States remain competitive in a globalized economy. Finally, Jodi Sandfort suggests that the United States can restructure the existing safety net via state-level reforms but only with a host of coordinated efforts, including better information to service providers, budget analyses, new funding sources, and oversight by intermediary service professionals. Old Assumptions, New Realities picks up where current policies leave off by examining what's not working, why, and how the safety net can be redesigned to work better. The book brings much-needed clarity to the process of creating viable policy solutions that benefit all working Americans. A West Coast Poverty Center Volume
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cover of Penchant for Prejudice: Unraveling Bias in Judicial Decision-Making

Penchant for Prejudice

Unraveling Bias in Judicial Decision-Making

Linda G. Mills

University of Michigan Press, 1999

A Penchant for Prejudice combines a detailed empirical study of the decision-making practices of judges with a sophisticated theoretical argument which exposes contemporary myths about judging and suggests methods of incorporating the inevitable bias that is detected in this and other studies. Based on a unique study of the decisions of Social Security judges, the book challenges the meaning of judicial impartiality. Linda G. Mills finds that, in practice, bias is a consistent dimension of what is considered "impartial" decision-making. The results reveal that impartiality as the legal system now defines it, is itself a form of bias, and that a historically and contextually sensitive definition of bias, one which takes account of the communities and cultures that come to be judged in the legal system, must overcome the modern dualistic notion of imparitality as the exclusion of bias in order to respond to needs of the diversity of applicants and the judges who adjudicate their claims. According to Mills, the judicial bias she found reflected in her study seems not only to essentialize and stereotype applicants but also prevents judges from engaging vulnerable claimants in a way that the legal process positively demands. A Penchant for Prejudice will be of interest to students and scholars of law, judicial decisionmaking, and discrimination. Linda G. Mills is Assistant Professor of Social Welfare and Law, University of California, Los Angeles.
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cover of Pension Puzzles: Social Security and the Great Debate

Pension Puzzles

Social Security and the Great Debate

Melissa Hardy

Russell Sage Foundation, 2007

The rancorous debate over the future of Social Security reached a fever pitch in 2005 when President Bush unsuccessfully proposed a plan for private retirement accounts. Although efforts to reform Social Security seem to have reached an impasse, the long-term problem—the projected Social Security deficit—remains. In Pension Puzzles, sociologists Melissa Hardy and Lawrence Hazelrigg explain for a general audience the fiscal challenges facing Social Security and explore the larger political context of the Social Security debate. Pension Puzzles cuts through the sloganeering of politicians in both parties, presenting Social Security's technical problems evenhandedly and showing how the Social Security debate is one piece of a larger political struggle. Hardy and Hazelrigg strip away the ideological baggage to explicate the basic terms and concepts needed to understand the predicament of Social Security. They compare the cases for privatizing Social Security and for preserving the program in its current form with adjustments to taxes and benefits, and they examine the different economic projections assumed by proponents of each approach. In pursuit of its privatization agenda, Hardy and Hazelrigg argue, the Bush administration has misled the public on an issue that was already widely misunderstood. The authors show how privatization proponents have relied on dubious assumptions about future rates of return to stock market investments and about the average citizen's ability to make informed investment decisions. In addition, the administration has painted the real but manageable shortfalls in Social Security revenue as a fiscal crisis. Projections of Social Security revenues and benefits by the Social Security Administration have treated revenues as fixed, when in fact they are determined by choices made by Congress. Ultimately, as Hardy and Hazelrigg point out, the clash over Social Security is about more than technical fiscal issues: it is part of the larger culture wars and the ideological struggle over what kind of social responsibilities and rights American citizens should have. This rancorous partisan wrangling, the alarmist talk about a "crisis" in Social Security, and the outright deception employed in this debate have all undermined the trust between citizens and government that is needed to restore the solvency of Social Security for future generations of retirees. Drawing together economic analyses, public opinion data, and historical narratives, Pension Puzzles is a lucid and engaging guide to the major proposals for Social Security reform. It is also an insightful exploration of what that debate reveals about American political culture in the twenty-first century. A Volume in the American Sociological Association's Rose Series in Sociology
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cover of Privatizing Social Security

Privatizing Social Security

Edited by Martin Feldstein

University of Chicago Press, 1998

This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts.
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cover of Probable Justice: Risk, Insurance, and the Welfare State

Probable Justice

Risk, Insurance, and the Welfare State

Rachel Z. Friedman

University of Chicago Press, 2020

Decades into its existence as a foundational aspect of modern political and economic life, the welfare state has become a political cudgel, used to assign blame for ballooning national debt and tout the need for personal responsibility. At the same time, it affects nearly every citizen and permeates daily life—in the form of pension, disability, and unemployment benefits, healthcare and parental leave policies, and more. At the core of that disjunction is the question of how we as a society decide who should get what benefits—and how much we are willing to pay to do so.

Probable Justice​ traces a history of social insurance from the eighteenth century to today, from the earliest ideas of social accountability through the advanced welfare state of collective responsibility and risk. At the heart of Rachel Z. Friedman’s investigation is a study of how probability theory allows social insurance systems to flexibly measure risk and distribute coverage. The political genius of social insurance, Friedman shows, is that it allows for various accommodations of needs, risks, financing, and political aims—and thereby promotes security and fairness for citizens of liberal democracies.
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cover of Risk Aspects of Investment-Based Social Security Reform

Risk Aspects of Investment-Based Social Security Reform

Edited by John Y. Campbell and Martin Feldstein

University of Chicago Press, 2001

Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options. One involves "prefunding," in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce—such as the volatility in the market prices of investment assets—are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions.
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cover of Safety Net: Welfare and Social Security, 1929-1979

Safety Net

Welfare and Social Security, 1929-1979

Coll, Blanche D

Rutgers University Press, 1995

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.

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cover of Social Protection vs. Economic Flexibility: Is There a Tradeoff?

Social Protection vs. Economic Flexibility

Is There a Tradeoff?

Edited by Rebecca M. Blank

University of Chicago Press, 1994

As the Clinton administration considers major overhauls in health insurance, welfare, and labor market regulation, it is important for economists and policymakers to understand the impact of social and welfare programs on employment rates. This volume explores how programs such as social security, income transfers, and child care in Western Europe, the United States, and Japan have affected labor market flexibility—the ability of workers to adjust to fast-growing segments of the economy.

Does tying health insurance to employment limit job mobility? Do housing policies inhibit workers from moving to new jobs in different areas? What are the effects of daycare and maternity leave policies on working mothers? The authors explore these and many other questions in an effort to understand why European unemployment rates are so high compared with the U.S. rate. Through an examination of diverse data sets across different countries, the authors find that social protection programs do not strongly affect labor market flexibility.

A valuable comparison of labor markets and welfare programs, this book demonstrates how social protection policies have affected employment rates around the globe.
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cover of Social Security Pension Reform in Europe

Social Security Pension Reform in Europe

Edited by Martin Feldstein and Horst Siebert

University of Chicago Press, 2002

Social Security in the United States and in Europe is at a critical juncture. Through the essays assembled in Social Security Pension Reform in Europe, Martin Feldstein and Horst Siebert, along with a number of distinguished contributors, discuss the challenges facing Social Security reform in the aging societies of Europe. A remarkable range of European nations—Germany, France, Finland, the Netherlands, Poland, Romania, Italy, Sweden, the United Kingdom, and Hungary—have implemented or are about to implement mixed Social Security systems that combine a traditional defined benefit of the pay-as-you-go system with an individual retirement account defined contribution of a capital-funded system.

The essays here highlight the problems that the European pension reform process faces and how it differs from that of the United States. This timely volume will significantly enrich the debate on pension reform worldwide.
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cover of Social Security Policy in a Changing Environment

Social Security Policy in a Changing Environment

Edited by Jeffrey R. Brown, Jeffrey B. Liebman, and David A. Wise

University of Chicago Press, 2009

Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate.  It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options.    In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population.  The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.
 
 
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cover of Social Security Programs and Retirement Around the World: Pension Reforms and the Health Distribution of Retirees

Social Security Programs and Retirement Around the World

Pension Reforms and the Health Distribution of Retirees

Edited by Axel Börsch-Supan and Courtney C. Coile

University of Chicago Press, 2027

A wide-ranging comparative analysis of the effects of pension reforms on health outcomes among retirees.

Pension reforms enacted in many developed economies since the late 1990s have raised statutory retirement ages and reduced benefit generosity, prompting concerns that working longer, especially in physically demanding jobs, could widen health disparities among retirees. Social Security Programs and Retirement Around the World: Pension Reforms and the Health Distribution of Retirees examines whether these reforms have altered the distribution of health outcomes in nine countries—Belgium, Canada, Denmark, Germany, Italy, Japan, the Netherlands, Spain, and the United States. Drawing on harmonized longitudinal data spanning roughly two decades and measuring health along five dimensions—functional, diagnosed, comprehensive, mental, and cognitive—the country studies find a remarkably consistent picture: in every country but the United States, health inequality among retirees has not increased significantly over the period in which benefits fell and retirement ages rose. The United States, in contrast to the other nations, shows rising inequality in functional and comprehensive health, particularly among women. The findings suggest that in most countries, pension reforms have not so far come at the cost of a widening health gap between richer and poorer retirees, although noisy data and the still-short observation window admit the possibility of effects that have yet to fully emerge.

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cover of Social Security Programs and Retirement Around the World: The Effects of Pension Reforms on the Income Distribution of Retirees

Social Security Programs and Retirement Around the World

The Effects of Pension Reforms on the Income Distribution of Retirees

Edited by Axel Börsch-Supan and Courtney C. Coile

University of Chicago Press, 0

A wide-ranging comparative analysis of the effects of pension reforms on the income distribution among retirees.

Pension reforms enacted in many developed economies since the late 1990s increased labor force participation among older workers. Did they also generate greater inequality in retirement income? Social Security Programs and Retirement Around the World: The Effects of Pension Reforms on the Income Distribution of Retirees examines whether these reforms redistributed social security wealth in ways that disproportionately benefited or harmed retirees at different points in the income distribution. The chapters present country-specific analyses for Belgium, Canada, Denmark, France, Germany, Italy, Japan, the Netherlands, Spain, and the United Kingdom. Using microdata and counterfactual simulations, they find a quite varied picture: in six of the ten countries studied, pension reform reduced income inequality among retirees, while in three countries the reforms expanded it. Across countries, benefit-level changes, rather than behavioral responses to altered retirement incentives, account for most of the redistributive impact. In countries that cut benefits uniformly, lower-income retirees suffered more than higher-income retirees due to shorter life expectancies. When new programs supplemented across-the-board cuts with support for lower earners, however, inequality declined.

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cover of Social Security Programs and Retirement around the World: Disability Insurance Programs and Retirement

Social Security Programs and Retirement around the World

Disability Insurance Programs and Retirement

Edited by David A. Wise

University of Chicago Press, 2015

Even as life expectancy in many countries has continued to increase, social security and similar government programs can provide strong incentives for workers to leave the labor force when they reach the age of eligibility for benefits. Disability insurance programs can also play a significant role in the departure of older workers from the labor force, with many individuals in some countries relying on disability insurance until they are able to enter into full retirement.      
           
The sixth stage of an ongoing research project studying the relationship between social security programs and labor force participation, this volume draws on the work of an eminent group of international economists to consider the extent to which differences in labor force participation across countries are determined by the provisions of disability insurance programs. Presented in an easily comparable way, their research covers twelve countries, including Canada, Japan, and the United States, and considers the requirements of disability insurance programs, as well as other pathways to retirement.
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cover of Social Security Programs and Retirement around the World: Fiscal Implications of Reform

Social Security Programs and Retirement around the World

Fiscal Implications of Reform

Edited by Jonathan Gruber and David A. Wise

University of Chicago Press, 2007

The future of Social Security is troubled, both in the United States and in most other developed countries with aging populations. As improvements in health care and changes in life styles enable retirees to live longer than ever before, the stress on national budgets will increase substantially. In Social Security Programs and Retirement around the World, Jonathan Gruber, David A. Wise, and experts in many countries examine the consequences of reforming retirement benefits in a dozen nations.

Drawing on the work of an international group of noted economists, the editors argue that social security programs provide strong incentives for workers to leave the labor force by retiring and taking the benefits to which they are entitled. By penalizing work, social security systems magnify the increased financial burden caused by aging populations, thus contributing to the insolvency of the system.  This book is a model of comparative analysis that evaluates the effects of illustrative policies for countries facing the impending rapid growth of social security benefits. Its insights will help inform one of the most pressing debates.
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cover of Social Security Programs and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms

Social Security Programs and Retirement around the World

Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms

Edited by David A. Wise

University of Chicago Press, 2012

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.

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cover of Social Security Programs and Retirement around the World: Micro-Estimation

Social Security Programs and Retirement around the World

Micro-Estimation

Edited by Jonathan Gruber and David A. Wise

University of Chicago Press, 2003

Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying the financial burden caused by an aging population. At a certain age there is simply no financial benefit to continuing to work.

In this volume, the authors turn to a country-by-country analysis of retirement behavior based on micro-data. The result of research compiled by teams in twelve countries, the volume shows an almost uniform correlation between levels of social security incentives and retirement behavior in each country. The estimates also show that the effect is strikingly uniform in countries with very different cultural histories, labor market institutions, and other social characteristics.
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cover of Social Security Programs and Retirement around the World: Reforms and Retirement Incentives

Social Security Programs and Retirement around the World

Reforms and Retirement Incentives

Edited by Axel Börsch-Supan and Courtney C. Coile

University of Chicago Press, 2021

This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase or its large variation across countries.

The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.
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cover of Social Security Programs and Retirement around the World: The Effects of Reforms on Retirement Behavior

Social Security Programs and Retirement around the World

The Effects of Reforms on Retirement Behavior

Edited by Axel Börsch-Supan and Courtney C. Coile

University of Chicago Press, 2025

A global analysis of the effects of social security reforms on the retirement incentives and labor force trends of older workers.

Employment among older men and women has increased dramatically in recent years, reversing a downward trend in the closing decades of the twentieth century. Social Security Programs and Retirement around the World examines how changing retirement incentives have reshaped labor force participation trends among older workers. The chapters feature country-specific analyses for Belgium, Canada, Denmark, France, Germany, Italy, Japan, Netherlands, Spain, Sweden, the United Kingdom, and the United States. They find that while there is significant heterogeneity across countries, the reforms of recent decades have generally reduced the implicit tax on work at older ages. These changes correlate positively with labor force participation. The studies exploit the variation in the timing and extent of reforms of retirement incentives and employ microeconometric methods to investigate whether this correlation reflects a causal relationship. Policy changes appear to have contributed to rising labor force activity, but other factors like the role of women in the labor force, improved health, and changes in private pensions likely also play important roles.

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cover of Social Security Programs and Retirement around the World: The Relationship to Youth Employment

Social Security Programs and Retirement around the World

The Relationship to Youth Employment

Edited by Jonathan Gruber and David A. Wise

University of Chicago Press, 2010

Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to benefits-paying employees increases. Second, as falling mortality rates increase lifespans, retirees receive benefits for longer than in the past. Further exacerbating the situation, the provisions of social security programs often provide strong incentives to leave the labor force.
Social Security Programs and Retirement around the World offers comparative analysis from twelve countries and examines the issue of age in the labor force. A notable group of contributors analyzes the relationship between incentives to retire and the proportion of older persons in the workforce, the effects that reforming social security would have on the employment rates of older workers, and how extending labor force participation will affect program costs. Dispelling the myth that employing older workers takes jobs away from the young, this timely volume challenges a raft of existing assumptions about the relationship between old and young people in the workforce.
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cover of Social Security and Retirement around the World

Social Security and Retirement around the World

Edited by Jonathan Gruber and David A. Wise

University of Chicago Press, 1998

What accounts for the striking decline in labor force participation at increasingly younger ages? Social Security and Retirement around the World examines one explanation: social security programs actually provide incentives for early retirement. This volume houses a set of remarkable papers that present information on the social security systems, and labor force participation patterns, in Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, the United Kingdom, and the United States.
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cover of Social Security: A Fresh Look at Policy Alternatives

Social Security

A Fresh Look at Policy Alternatives

Jagadeesh Gokhale

University of Chicago Press, 2010

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.

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cover of Social Security: The Phony Crisis

Social Security

The Phony Crisis

Dean Baker and Mark Weisbrot

University of Chicago Press, 1999

Is it true that the Social Security system is in serious trouble and must be repaired? As baby boomers begin to retire, will they inevitably, by force of their sheer numbers, bankrupt the system? Is Social Security a big Ponzi scheme that will leave future generations with little to show for their lifetime of contributions? Is the only way to solve the Social Security crisis through radical changes like privatization or bolstering it with massive new taxes?

According to the authors of this important new study, the answer to these questions is a resounding no. In Social Security: The Phony Crisis, economists Dean Baker and Mark Weisbrot argue that there is no economic, demographic, or actuarial basis for the widespread belief that the program needs to be fixed.

As the authors emphasize, there is virtually no disagreement about the facts of Social Security's finances, or even the projections for its future. Rather, the Social Security debate has been foundering on misconceptions, confusion, and lack of agreement on the meaning of crucial terms.

The authors also take on related issues: that privatization would help save Social Security, that America has a pressing need to increase its national savings, and that future generations will suffer from the costs—especially for health care—of supporting a growing elderly population.

As New York Times columnist Fred Brock recently wrote, "So-called reform of the Social Security system is looking more and more like a solution in search of a problem." In this accessible and insightful work, Baker and Weisbrot seek to cut through some of the myths and fallacies surrounding this crucial policy issue.

"Dean Baker and Mark Weisbrot have no trouble at all demonstrating that even on highly conservative assumptions about economic growth, the much-forecast insolvency of the Social Security system by about 2030 is most unlikely to happen then, if indeed ever."—The Economist
"The authors challenge basic assumptions with vigor and intelligence. . . . An absolutely relevant and important analysis, presented with force and clarity, that asks, basically, what kind of a nation we really are."—Kirkus Reviews

"Proponents—like George W. Bush—of Social Security privatization . . . typically ignore prospects for a stagnant or falling stock market. In Social Security: The Phony Crisis, [Baker and Weisbrot] show how a falling stock market could place pressure on both future Social Security payments and privatization schemes because earnings from the trust fund could actually fall."—Jeff Madrick, New York Review of Books
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cover of States And Labor Markets

States And Labor Markets

edited by John Myles and Jill Quadagno

Temple University Press, 1991

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.

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cover of The Birth of Solidarity: The History of the French Welfare State

The Birth of Solidarity

The History of the French Welfare State

François Ewald

Duke University Press, 2020

François Ewald's landmark The Birth of Solidarity—first published in French in 1986, revised in 1996, with the revised edition appearing here in English for the first time—is one of the most important historical and philosophical studies of the rise of the welfare state. Theorizing the origins of social insurance, Ewald shows how the growing problem of industrial accidents in France throughout the nineteenth century tested the limits of classical liberalism and its notions of individual responsibility. As workers and capitalists confronted each other over the problem of workplace accidents, they transformed the older practice of commercial insurance into an instrument of state intervention, thereby creating an entirely new conception of law, the state, and social solidarity. What emerged was a new system of social insurance guaranteed by the state. The Birth of Solidarity is a classic work of social and political theory that will appeal to all those interested in labor power, the making and dismantling of the welfare state, and Foucauldian notions of governmentality, security, risk, and the limits of liberalism.
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cover of The Distributional Aspects of Social Security and Social Security Reform

The Distributional Aspects of Social Security and Social Security Reform

Edited by Martin Feldstein and Jeffrey B. Liebman

University of Chicago Press, 2002

Social security is the largest and perhaps the most popular program run by the federal government. Given the projected increase in both individual life expectancy and sheer number of retirees, however, the current system faces an eventual overload. Alternative proposals have emerged, ranging from reductions in future benefits to a rise in taxrevenue to various forms of investment-based personal retirement accounts.

As this volume suggests, the distributional consequences of these proposals are substantially different and may disproportionately affect those groups who depend on social security to avoid poverty in old age. Together, these studies persuasively show that appropriately designed investment-based social security reforms can effectively reduce the long-term burden of an aging society on future taxpayers, increase the expected future income of retirees, and mitigate poverty rates among the elderly.



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cover of The Evolution of Retirement: An American Economic History, 1880-1990

The Evolution of Retirement

An American Economic History, 1880-1990

Dora L. Costa

University of Chicago Press, 1998

Winner of the 1998 Paul A. Samuelson Award given by TIAA-CREF, The Evolution of Retirement is the first comprehensive economic history of retirement in America. With life expectancies steadily increasing, the retirement rate of men over age 64 has risen drastically. Dora L. Costa looks at factors underlying this increase and shows the dramatic implications of her findings for both the general public and the U.S. government. Using statistical, and demographic concepts, Costa sheds light on such important topics as rising incomes and retirement, work and disease, the job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions and politics.
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cover of The Fabrication of Social Order: A Critical Theory of Police Power

The Fabrication of Social Order

A Critical Theory of Police Power

Mark Neocleous

Pluto Press, 2000

Anyone who considers questions of power cannot help but be struck by the ubiquitous nature, emotional force and political pull of the concept of order. The Fabrication of Social Order examines the role of policing in the fabrication of order.

After an initial exploration of the original relationship between police, state power and the question of order, Neocleous focuses on the ways in which eighteenth century liberalism refined and narrowed the concept of the police, a process which masked the power of capital and broader issues of social control. In doing so he challenges the way liberalism came to define policing solely in terms of the question of crime and the rule of law. This liberal definition created a limited and fundamentally misleading understanding of policing which remains in use today.

In contrast, Neocleous argues for an expanded concept of police, adequate to the expansive set of institutions through which policing takes place. These institutions are concerned not just with the maintenance or reproduction of order, but with its fabrication, especially the fabrication of a social order based on wage labour. This project, he argues, should be understood as the project of social security. Grasping this point allows a fuller understanding of the ways in which the state polices and secures civil society, and how order is fabricated through law and administration.
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cover of The Gender Impact of Social Security Reform

The Gender Impact of Social Security Reform

Estelle James, Alejandra Cox Edwards, and Rebeca Wong

University of Chicago Press, 2008

As populations age and revenues diminish, government and private pension funds around the world are facing insolvency. The looming social security crisis is especially dire for women, who live longer than men but have worked less in the formal labor force. This groundbreaking study examines alternative social security systems and their disparate impacts on men and women. Emphasis is placed on the new multi-pillar systems that combine a publicly managed benefit and a mandatory private retirement saving plan.

The Gender Impact of Social Security Reform compares the gendered outcomes of social security systems in Chile, Argentina, and Mexico, and presents empirical findings from Eastern and Central European transition economies as well as several OECD countries. Women’s positions have improved relative to men in countries where joint pensions have been required, widows who have worked can keep the joint pension in addition to their own benefit, the public benefit has been targeted toward low earners, and women’s retirement age has been raised to equality with that of men. The Gender Impact of Social Security Reform will force economists and policy makers to reexamine the design features that enable social security systems to achieve desirable gender outcomes.
 
 
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cover of The Return of the Neighborhood as an Urban Strategy

The Return of the Neighborhood as an Urban Strategy

Edited by Michael A. Pagano

University of Illinois Press, 2015

In this new volume, Michael A. Pagano curates essays focusing on the neighborhood's role in urban policy solutions. The papers emerged from dynamic discussions among policy makers, researchers, public intellectuals, and citizens at the 2014 UIC Urban Forum. As the writers show, the greater the city, the more important its neighborhoods and their distinctions.

The topics focus on sustainable capital and societal investments in people and firms at the neighborhood level. Proposed solutions cover a range of possibilities for enhancing the quality of life for individuals, households, and neighborhoods. These include everything from microenterprises to factories; from social spaces for collective and social action to private facilities; from affordable housing and safety to gated communities; and from neighborhood public education to cooperative, charter, and private schools.

Contributors: Andy Clarno, Teresa Córdova, Nilda Flores-González, Pedro A. Noguera, Alice O'Connor, Mary Pattillo, Janet Smith, Nik Theodore, Elizabeth S. Todd-Breland, Stephanie Truchan, and Rachel Weber.

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cover of The Transformation of Old Age Security: Class and Politics in the American Welfare State

The Transformation of Old Age Security

Class and Politics in the American Welfare State

Jill Quadagno

University of Chicago Press, 1988

Why did the United States lag behind Germany, Britain, and Sweden in adopting a national plan for the elderly? When the Social Security Act was finally enacted in 1935, why did it depend on a class-based double standard? Why is old age welfare in the United States still less comprehensive than its European counterparts? In this sophisticated analytical chronicle of one hundred years of American welfare history, Jill Quadagno explores the curious birth of old age assistance in the United States. Grounded in historical research and informed by social science theory, the study reveals how public assistance grew from colonial-era poor laws, locally financed and administered, into a massive federal bureaucracy.
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cover of When Markets Fail: Social Policy and Economic Reform

When Markets Fail

Social Policy and Economic Reform

Ethan B. Kapstein

Russell Sage Foundation, 2002

The sweeping political and economic changes of the past decade—including the spread of democracy, pro-market policies, and economic globalization—have dramatically increased the demand in developing countries for social programs such as unemployment compensation, pensions, and income supplements for the poor. When Markets Fail examines how emerging market economies in Eastern Europe, Latin America, North Africa, and the Middle East are shaping their social policies in response to these changes. The contributors—leading scholars of development and social policy—use detailed case studies to examine whether the emerging economies are likely to move toward European-style welfare systems, characterized by high unemployment benefits and large entitlements, or if they will opt for more austere, stripped-down welfare regimes. They find that much will depend on how well emerging economies perform economically, but that the political forces, ideological preferences, and historical backgrounds of each country will also play a decisive role. In his chapter on Central and Eastern Europe, Peter Lindert focuses on how aging populations and the fall of communism have fostered increased need for social assistance in the region. In contrast, Nancy Birdsall and Stephen Haggard highlight the positive role of democratization and Western-style social programs in promoting East Asian social policies. Zafiris Tzannatos and Iqbal Kaur argue that governments in North Africa and the Middle East must foster both human capital formation and competition in the market for social services if they are to meet the growing need for services. When Markets Fail presents some evidence that a global convergence in social policies may be taking place: as Europe slowly makes its welfare provisions less generous, the emerging market economies will be under increasing demographic and political pressure to make their social welfare systems more comprehensive. The book also examines the vital role that organizations such as the World Bank, the International Monetary Fund, and the Asian Development Bank can play in fostering effective social services in developing economies. Economic globalization and political liberalization have produced many economic winners around the world, but these forces have created losers as well. When Markets Fail addresses the problem of how governments in developing countries have responded to the plight of those losers through social policy. The success of these policies, however, remains sharply contested, as is their role in helping to achieve meaningful poverty reduction. When Markets Fail is essential reading for anyone interested in economic liberalization and its consequences for the developing world.
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cover of Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy

Work, Retire, Repeat

The Uncertainty of Retirement in the New Economy

Teresa Ghilarducci

University of Chicago Press, 2024

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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cover of World Crisis Effects on Social Security in Latin America and the Caribbean: Lessons and Policies

World Crisis Effects on Social Security in Latin America and the Caribbean

Lessons and Policies

Carmelo Mesa-Lago

University of London Press, 2010

Written by a top scholar on social security in Latin America and the Caribbean, this book assesses the effects of the world economic crisis on social security and welfare in the region. Drawing on the impact of and lessons from previous crises, Carmelo Mesa-Lago identifies the strengths and weakness of Latin American social security before the current global crisis. He evaluates the event's actual and potential effects on pensions, health care, and social assistance programs, based on a taxonomy of three groups of countries. The book ends with a summary of policies adopted by some countries and the author's own recommendations on social policies to lessen the adverse outcomes of the financial crisis. Latin America's pioneering social-welfare reforms make this book important for other regions of the world, both developed and developing.
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