The Stability of Social Security in the United States
The Need for a Durable Institutional Design
Bibliographic Data
| ID | 2115929 |
|---|---|
| Authors | Kenzo Yoshida (Aoyama Gakuin University, corresponding author) |
| Year | 2018 |
| Volume | 47 |
| Issue | 2 |
| Pages | 397-415 |
| Publication date | 2018-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Social Policy (JOURNAL) |
| Journal identifiers | ISSN: 0047-2794 • E-ISSN: 1469-7823 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0047279417000599 |
| OpenAlex | W2753061792 |
| Language | EN |
| References cited | 20 |
Stability is one of the most crucial elements of social security systems. Although the United States is famous - some might say notorious - for drastic changes to its socio-economic structure (including its welfare programmes), its Social Security is the most secure and unchanged public pension programme among major Western countries. In the restructuring age of welfare states, public pensions have been reformed several times in Japan and various European countries, with an overhaul of benefits and taxes. However, Social Security in the US has not undergone such reforms in the three decades since the Social Security Act was amended in 1983, but has experienced relatively better financial conditions. This paper investigates the extent to which Social Security has remained stable during a time when welfare states are going through a crisis. The comparative analysis for stability consists of three steps: (1) a simple evaluation of the frequency of reforms among six countries; (2) a comparison of the scales of parametric adjustment and components of structural reform; and (3) confirming current financial sustainability to check for 'false stability' using individual government reports. This paper also studies stability factors, including an institutional design that is durable in this changing environment
Business · Development economics · Economic policy · Economics · Government (linguistics) · Market economy · Pension · Political science · Public economics · Restructuring · Social security · Social Welfare · Welfare · Welfare state · Finance · Financial Literacy, Pension, Retirement Analysis · Housing, Finance, and Neoliberalism · Social Policy and Reform Studies
Welfare policy and industrialization in Europe, America, and Russia
Modern Manors
The Real Worlds of Welfare Capitalism
Turning Points in Social Security
The Struggle for Social Security, 1900–1935
Ageing and Pension Reform Around the World
Welfare Policy and Industrialization in Europe, America, and Russia
The Divided Welfare State
Reforming State Pension Provision in ‘Liberal’ Anglo-Saxon Countries
Changing Social Security in the US
The Struggle for Social Security, 1900-1935
The Japanese Pension Reform of 2004
The three worlds of welfare capitalism
Brief History of Neoliberalism
How electoral vulnerability affects pension politics
Turning Points in Social Security
Assessing the Capacity of Pension Institutions to Build and Sustain Trust
| Highly cited | No |
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