The political future of social security in aging societies / Vincenzo Galasso.
2006
HD7091 .G34 2006eb
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Details
Title
The political future of social security in aging societies / Vincenzo Galasso.
Author
Galasso, Vincenzo, 1967-
ISBN
9780262273374 (electronic bk.)
0262273373 (electronic bk.)
0262072734 (hardcover ; alk. paper)
9780262072731 (hardcover ; alk. paper)
1429421053
9781429421058
9780262572460
026257246X
0262273373 (electronic bk.)
0262072734 (hardcover ; alk. paper)
9780262072731 (hardcover ; alk. paper)
1429421053
9781429421058
9780262572460
026257246X
Publication Details
Cambridge, Mass. : MIT Press, ©2006.
Language
English
Description
1 online resource (xvii, 257 pages) : illustrations
Call Number
HD7091 .G34 2006eb
Dewey Decimal Classification
368.4/3
Summary
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 of any reform proposals depends on political factors rather than economic theory. He offers a comparative analysis of the future political sustainability of social security in six countries with rapidly aging populations--France, Germany, Italy, Spain, the United Kingdom, and the United States. Using a quantitative approach, he finds that an aging population has political as well as economic effects: an older electorate will put pressure on politicians and policy-makers to maintain or even increase benefits. Galasso evaluates how each country's different political constraints shape its social security system, considering such country-specific factors as the proportion of retirees in the population, the redistributive feature of each system, and the existing retirement policy in each country. He concludes that an aging population will lead to more pension spending; yet postponing retirement mitigates the impact of this, and may be the only politically viable alternative for social security reform.
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OCLC-licensed vendor bibliographic record.
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