Pensioners receive pension payments as well as health insurance and nursing insurance benefits. But pensioners are also contributors to the health and nursing insurance. So the pensioners fund part of the expenditures they cause by themselves. This study takes a closer look at the different...

The paper seeks to take stock of some of the key APEC documents/reports relevant to social protection and safety net programs, and also of the experience of APEC member-economies, with special focus on the Philippines, in implementing social protection measures. In particular, it attempts to...

This article, written before the Supreme Court's decisions in Windsor and Obergefell, explores the negative consequences of DOMA on Social Security benefits for children of same-sex marriages not recognized by the federal government

There are many sources of political risk to public provision of pensions. This paper analyzes legislation to alter the retirement income system. This approach naturally recognizes that some changes in the system are good responses to social risks, while others generate such risks. Thus the...

Social security subsidies in Korea were introduced in 2012 to reduce the coverage gap in social security. Despite the large fiscal cost, however, the subsidies have only a small effect on the social security coverage: for every 1,000 workers and their employers who are subsidized under the...

A well-established result in the literature is that Social Security tends to reduce steady state welfare in a standard life cycle model. However, less is known about the historical effects of the program on agents who were alive when the program was adopted. In a computational life cycle model...

New Zealand has seen a change in policy direction from the provision of taxation incentives for retirement income savings from 1910 through to 1988, to removal of all incentives from 1988 through to 2004. In 1910 the focus was primarily on decreasing state dependency, while simultaneously...