We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...

On January 1st, the maximum amount of annual earnings subject to the Social Security tax – a.k.a. the payroll tax cap – increased to $118,500. Every year, this cap is adjusted to keep up with inflation. However, many American workers are not aware that any wages above the cap are not taxed...

This issue brief presents the scheduled Social Security benefit for each current member of the Senate. The issue brief is intended to inform Senators -- and the general public -- about Social Security and, assuming no changes to current policy, demonstrate that it will pay full benefits through...

In this work I investigate the responsiveness of Italian workers to the early retirement incentives provided by the Social Security (SS) and try to shed light on the nature of the puzzling age-60-spike in the retirement hazards. The empirical analysis carried out on a sample drawn from the panel...

Egy társadalom zavartalan működésének, fejlődésének alapvető feltétele a benne élő egyének, néprétegek, foglalkoztatottak stb. jövedelem-viszonyainak alakulása, következésképpen jóléte. A tanulmány szerzői, a Gazdálkodás küldetésének megfelelően, az agrárnépesség...

The present paper aims to analyse the concept of social security within the juridical paradigm of human rights, highlighting the peculiarities of this concept. The main hypothesis of our study may be synthesized in the idea according to which, the theory of human rights represents for the...

Nowadays, opposite to what could be observed at the end of the nineteenth century, people are more focused on creating larger societies rather than sets of alienated individuals. Certainly, there are many factors that cause this kind of trend. The factors may include social determinants known as...

The Coalition's record on working age social security is reviewed under the headings of continuity (with the policies of the previous government), retrenchment and reform. Under continuity, the Coalition's decision to proceed with the previous government's planned reassessment of incapacity...

This paper evaluates the effects of the elimination of a payroll tax on employment and wages in four manufacturing and service sectors in Brazil in early 2012. This tax, which accounted for 20 percent of the wage bill, was levied on employers and financed social security programmes. This study...

The aim of this article is to analyse the question of career interruptions and to evaluate their impact on pension retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the career set-backs for individuals born between 1937...