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development of private pensions as a secondary outcome of welfare state retrenchment, we argue that governments have actively …
Persistent link: https://www.econbiz.de/10013030160
This Article explains how to create “survivor funds” — short-term investment funds that would pay more to those investors who live until the end of the fund's term than to those who die before then. For example, instead of just investing in a 10-year bond and dividing the proceeds among...
Persistent link: https://www.econbiz.de/10012969392
Many informal sector employees in developing and emerging countries lack access to reliable forms of social protection: They cannot afford to buy private insurance, they are not covered by social insurance, and they are not entitled to social assistance. Therefore, micro-insurance schemes have...
Persistent link: https://www.econbiz.de/10014160756
We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. We relate the stylized fact to an "efficiency-redistribution" trade-off to be resolved by political process. The inefficiency of social security...
Persistent link: https://www.econbiz.de/10003280758
Is it possible to sustain an ambitious and redistributive Nordic welfare state in a Europe with open borders? Drawing … overrepresentation in welfare programs. This pattern extends to post-accession labor migrants from Eastern Europe, who quickly experience … high rates of unemployment. The article discusses possible avenues for making the welfare state "migration robust." We …
Persistent link: https://www.econbiz.de/10011391551
political support for social insurance can decline in spite of the risk effect. We construct an empirical measure of welfare …
Persistent link: https://www.econbiz.de/10012427759
One of the stylized facts of unfunded social security programs is that programs are larger in size, measured relative to the GDP, the tighter the link between pension claims and past earnings. We provide a political economy explanation of this stylized fact in a median voter model, where people...
Persistent link: https://www.econbiz.de/10012759164
We suggest a political economy explanation for the stylized fact that intragenerationally more redistributive social security systems are smaller. Our key insight is that linking benefits to past earnings (less redistributiveness) reduces the efficiency cost of social security (due to endogenous...
Persistent link: https://www.econbiz.de/10013318763
Social protection systems play a key stabilising role for individuals and societies, especially in the recent context of heightened uncertainties. Income stabilisation and related social policy objectives hinge on the extent to which social protection is accessible for those requiring support....
Persistent link: https://www.econbiz.de/10013198830
undermined trust in politicians, the media, the EU and social welfare spending financed by taxes. This is mainly due to economic …
Persistent link: https://www.econbiz.de/10012404578