Legal indexation of social security benefits
An international comparison of systems and their effects
Bibliographic Data
| ID | 23247882 |
|---|---|
| Authors | Henk Vording, Kees Goudswaard |
| Year | 2018 |
| Pages | 61-76 |
| Publication date | 2018-12-13 |
| Open Access | No |
| Type | CHAPTER |
| Venue | Ageing, Social Security and Affordability (SOURCE_BOOK) |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.4324/9780429463389-3 |
| OpenAlex | W1481481955 |
| ISBN | 9780429463389 |
| Language | EN |
| Citations received | 1 |
Legal provisions concerning adjustment of public pension benefits to a wage or price index are a common feature of social security systems in Organization for Economic Co-operation and Development countries. At the moment, there is a lively debate in some countries, whether such mechanisms should be continued in a modern, flexible welfare state. Indexation of social benefits guarantees their adequacy in a dynamic sense. A certain level of benefits may be kept at constant absolute purchasing power by adjusting it to a price index, or at constant relative purchasing power by adjusting it to a wage index. Such adjustments may alternatively take place by frequent ad hoc legislation or by the routine application of a legal indexation clause. As a general rule legal provisions for indexation of social benefits originate in public old age insurance, comparable provisions being made for disability and survivors’ benefits shortly afterwards.
Business · Economics · Indexation · Macroeconomics · Political science · Social security · Law · Social Policy and Reform Studies
| Citations per year | 0.05 |
|---|---|
| Citation span | 2007 - 2007 (1) |
| Highly cited | No |