An analysis of the effect of public pension schemes on a country's fertility rate and a proposal for policies to reform pension coverage in light of this.The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer…
In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives t…
Doubts about the ability of industrialized countries to continue to provide a sufficient level of retirement benefits to a growing number of retirees has fueled much recent debate and inspired a variety of recommendations for reform. Few major reforms, however, have actually been implemented. In The Political Future of Social Security in Aging Societies, Vincenzo Galasso argues that the success…
An analysis of the effect of public pension schemes on a country's fertility rate and a proposal for policies to reform pension coverage in light of this.The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer…
The two papers that make up the core of this book address what is perhaps the most fundamental question in the current debate over Social Security: whether to shift, in part or even entirely, from today's pay-as-you-go system to one that is not just funded but also privatized in the sense that individuals would retain control over the investment of their funds and, therefore, personally bear th…
This open access edited volume introduces the concept of causal mechanisms to explore new ways of explaining the global dynamics of social policy, and shows that a mechanism-based approach provides several advantages over established approaches for studying social policy. The introductory chapter outlines the mechanism-based approach, which stands out by modularisation and a clear focus on acto…
The author of this innovative study argues that key politicians and their policy ideas, through "ideational leadership", have played an important role in the passing of structural reforms in the change-resistant German welfare state. This argument is based on in-depth case studies of individual reforms in health care, pensions and unemployment insurance since the early 1990s as well as a concis…
The author of this innovative study argues that key politicians and their policy ideas, through "ideational leadership", have played an important role in the passing of structural reforms in the change-resistant German welfare state. This argument is based on in-depth case studies of individual reforms in health care, pensions and unemployment insurance since the early 1990s as well as a concis…