Is an assumption of bounded rationality needed to explain Social Security and other mandatory pension plans? In this contribution we argue that when rational agents hold inconsistent expectations such programs may be justified. Two of the features that distinguish Social Security and many other...

This paper investigates whether social security contributions affect corporate financing decisions. Treating the 2011 Social Insurance Law in China as a quasi-natural experiment, our difference-in-differences framework utilizes two-dimension variations: initial social security contribution rates...

As regards labour-market reform and employment policies, the European Union currently touts the concept of 'flexicurity', aiming at simultaneously enhancing both flexibility and security in the labour market in view of the globalization of the economy and far-reaching demographic developments...

This paper discusses the recently coined concept of flexicurity. It is outlined how this concept gained importance in legislative and labour market policy reform in the Netherlands, linking a number of previously separated areas of policy-making such as flexibilization and deregulation of the...

How have labor market institutions and welfare-state transfers affected jobs and productivity in Europe? Many studies have tackled this question, with mixed results. This paper proposes an eclectic approach and gives a clearer answer to the issue.Orthodox criticisms of European government...

Creating of an European pillar of social rights was structured around three main themes being identified as a range of policy areas, to which are attached different principles. All these guidelines are based on specific principles to guide their applicability and concretely implemented in...

This paper deals with the new policy concept of flexicurity in view of the emerging flexibility-security nexus that the European Union, national governments, sectors of industry, individual companies and workers are currently facing. On the one hand there is a strong demand for further...

This paper contains a practical step by step method for national governments and social partners to map out their own national pathway to flexicurity, based on the recently established EU policy framework on flexicurity, which includes a set of common principles and different pathways of...

The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability Insurance (SSDI) applications and receipt by making...

­ The study, basing on a multidisciplinary literature, con­siders flexicurity as any balance between flexibility and security and, therefore, proposes ordering any set of contracts, providing the same balance and with the same regulatory framework, in “com­munities.” It is assumed,...