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Moving to Pay-as-You-Go Financing

Sylvester J. Schieber

in The Predictable Surprise: Unraveling the U.S. Retirement System

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199890958
eISBN:
9780190261382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199890958.003.0005
Subject:
Economics and Finance, Microeconomics

This chapter examines concerns arising from the financing of pay-as-you-go retirement plans. After Congress passed the Social Security Act in 1935, Edwin Witte, executive director of the Committee on ... More


Operations under Pay-As-You-Go Financing

Sylvester J. Schieber

in The Predictable Surprise: Unraveling the U.S. Retirement System

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199890958
eISBN:
9780190261382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199890958.003.0007
Subject:
Economics and Finance, Microeconomics

This chapter explains how pay-as-you-go financing works and the problems that it has caused for Social Security. In general, a pay-as-you-go pension system is funded by payroll taxes. The Social ... More


France: Promoting Funded Pensions in Bismarckian Corporatism?

Marek Naczyk and Bruno Palier

in The Varieties of Pension Governance: Pension Privatization in Europe

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199586028
eISBN:
9780191725586
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199586028.003.0004
Subject:
Political Science, Political Economy

Following the Bismarckian social insurance tradition, the post-war pension system of France has been characterized by occupational fragmentation, its strong reliance on pay-as-you-go financing, and ... More


Retiree Health Benefits: Misfortune or Malpractice?

Sylvester J. Schieber

in The Predictable Surprise: Unraveling the U.S. Retirement System

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199890958
eISBN:
9780190261382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199890958.003.0025
Subject:
Economics and Finance, Microeconomics

This chapter examines the regulatory issues surrounding retiree health benefits. Employers have played a role in retiree health care, although that role has dwindled over the last quarter century. ... More


A Deal Too Good to Last

Sylvester J. Schieber

in The Predictable Surprise: Unraveling the U.S. Retirement System

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199890958
eISBN:
9780190261382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199890958.003.0006
Subject:
Economics and Finance, Microeconomics

This chapter examines how Social Security eventually turned into a bad deal. President Franklin D. Roosevelt visualized Social Security as a retirement savings program, expecting it to provide an ... More


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