The political (in)stability of funded social security

Beetsma, Roel; Komada, Oliwia; Makarski, Krzysztof; Tyrowicz, Joanna

doi:10.1016/j.jedc.2021.104237

Cited by 5 publications

(3 citation statements)

References 39 publications

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“…Similarly, Tresch (2022) analyzed the effect of both defined contribution and benefit public pensions on savings, using the Diamond OLG model as the primary analytical framework. Beetsma, Komada, Makarski, and Tyrowicz (2021) analyzed the political stability of a funded social security system using a stylized theoretical framework. They argued for the introduction of a two-pillar defined contribution scheme with funding.…”

Section: Literature Reviewmentioning

confidence: 99%

Social security, psychological threat, and corporate performance: An analysis of financial performance after enactment of a social security scheme in Nepal

Oli

Dhakal

Xie

2023

5008

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The main objective of this study was to analyze the impact of the contribution-based social security scheme on corporate performance after the enactment of the new policy in 2018. Panel data from 2015 to 2021 with observations of 266 companies, including 38 corporations from the banking and non-banking sectors, was used to analyze the impact of the new policy on corporate performance. This impact, as well as the role of psychological fear, was examined using the difference-in-differences analysis method. The findings of the analysis revealed an adverse impact on corporate performance in the banking sector compared to the non-banking sector. The study also showed that the banking sector's psychological fear was greater than that of the non-banking sector after the implementation of the policy. The conclusions of this study are helpful in understanding the corporations’ performance gap before and after the policy, as well as in making a strategic plan to overcome the psychological fear of the employees. This study suggests that the social security fund should use a mass media orientation program to explain the benefits and scope of the new policy.

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Section: Literature Reviewmentioning

confidence: 99%

Social security, psychological threat, and corporate performance: An analysis of financial performance after enactment of a social security scheme in Nepal

Oli

Dhakal

Xie

2023

5008

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“…Perez et al (2021) state that several political alternatives can theoretically be implemented in order to secure the long-term sustainability of the social security system in the USA. The political stability of funded social security is analysed in a study by Beetsma et al (2021). Maritnez et al (2021) carried out an analysis of scientific literature to concern the sustainability of welfare systems.…”

Section: Introductionmentioning

confidence: 99%

Social Benefits Fraud Czech Case Study

Kukalová,

Moravec,

Hinke

et al. 2024

Proceedings of the International Scientific Conference Hradec Economic Days 2024

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The battle against social security benefit fraud has become a priority in a number of countries given that expenditure on social benefits accounts for a significant portion of public expenditure as a whole. The aim of this article was to quantify irregular payments of all sixteen non-insurance social benefits paid out in the Czech Republic and to determine how they are settled and the recovery rate for the national budget and. The study works with a unique set of data from the years 2016-2020, collected by summarizing information from the application programs of the Labour Office of the Czech Republic. The following benefits were identified as those accounting for the highest claims: childcare allowance, subsistence allowance, housing benefit, care allowance, and supplementary housing benefit. The claim recovery rate for the national budget stands at 71%, whereby a progressive and continuous decline in the aggregate amount of claims was proven.

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“…These funded pillars were periodically dismantled, in Poland only few cohorts and only for a limited number of years contributed to the funded pillar and almost nobody had the chance to claim pension benefits from the funded pillar. For details and mechanism of un-funding social security, seeBeetsma et al (2021).…”

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confidence: 99%

Structural change and inequality in a general equilibrium model of a transition economy

Tyrowicz,

Makarski,

Lutynski

2023

Preprint

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The paper studies the evolution of wealth inequality in a transition country. We build an overlapping generations model which features heterogeneous workers and exogenous changes: (i) TFP growth along the path of macroeconomic convergence, (ii) a structural change shifting employment from manufacturing to services and increasing educational attainment, and (iii) gains in longevity. Using this model, we quantify the role of demographics and the structural change in the evolution of wealth inequality in Poland as of 1990. We show that structural change per se lowers wealth inequality, at least initially, thus a rise in wealth inequality due to growing longevity is lower in an economy undergoing a structural change. We provide an evaluation of a policy-relevant redistribution instrument. JEL Codes: L16, E20, D63

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The political (in)stability of funded social security

Cited by 5 publications

References 39 publications

Social security, psychological threat, and corporate performance: An analysis of financial performance after enactment of a social security scheme in Nepal

Social security, psychological threat, and corporate performance: An analysis of financial performance after enactment of a social security scheme in Nepal

Social Benefits Fraud Czech Case Study

Structural change and inequality in a general equilibrium model of a transition economy

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