Economic and Financial Aspects of Social Security

An International Survey

J. Henry Richardson

• Publisher: Routledge
• Year: 2021
• ISBN:
  9781000527872
• Edition: 1
• Topic: Economics
• Subtopic: Macroeconomics
• Index: Economics

First Published in 1960, Economic and Financial Aspects of Social Security presents an important intervention by Professor J. Henry Richardson, an experienced authority on social security. Specially valuable is the chapter which considers what proportion of national income can be afforded for social security and also that on the alternatives of financing by accumulating large funds or by 'pay-as-you-go' methods. The author directs particular attention to age and retirement and urges that both social security systems and industrial organization should be so devised as to give encouragement and facilities for older people to continue working as long as they are fit. He also discusses remedies for poverty arising from sickness and large families with low incomes. The value of social security as a factor in economic security and in the redistribution of income, safeguards against inflation, and the problem of saving today for consumption in the future are also examined. This book is an essential read for scholars and researchers of political economy, labour economics and economics in general

INDEX

• Accident rates, 65; 108 n.
• Accumulation-of-funds system, and “pay-as-you-go”, 69–84; in financing old age pensions, 126–7, 243; during depression periods, 217

• ADMINISTRATIVE COSTS
• hypothetical expenditure on, 90–3; of Canadian old age pensions system, 132; of unemployment insurance, 188
• Adoption of children, 207
• Aged, welfare services for the, 136–8

• AGRICULTURE
• price fluctuations, 16; farm relief and price maintenance, 28–9; assistance to farmers, 192, 226 n.; farm workers’ unemployment insurance, 192, 226 n.; farm relief in Canada and U.S.A., 192–3
• Almshouses and institutions for the aged, 137, 138
• Anderson, W. M., 11
• Annuities in pension schemes, 126–8
• Atlantic Charter, the, social security as an objective of, 20

• AUSTRALIA 10; uniform benefits system, 43; causes of lack of co-ordination, 53 n.; differences in wages of skilled and unskilled workers, 60; as a “middle-class-only” country, 64; percentage distribution of receipts for social insurance and family allowances, 67 (table), 68; expenditure as percentage of national income, 87 (table), 88 (table); percentage distribution of expenditure, 94 (table); percentage distribution of income maintenance payments, 95 (table); official pensionable age, 114; life expectation, 114 n.; family allowances, 147–51 (passim); family allowances as proportion of social security benefits, 154 (table); aid for disabled and blind persons, 206–7; provision for widows and orphans, 207–8, 209; maternity grants, 209,

• AUSTRIA
• financing of sickness and maternity benefits, 66; percentage distribution of receipts for social insurance and family allowances, 67 (table), 68; expenditure as percentage of national income, 87 (table); percentage distribution of expenditure, 94 (table); hospital patients’ payments, 180; financing of unemployment insurance, 188 n.
• Automation: see, Labour-saving machinery

• Ball, Robert M., 11, 237 n.
• Band, James, S., 11

• BELGIUM
• family allowances costs distribution, 65 n.; percentage distribution of receipts for social insurance and family allowances, 67 (table), 68; expenditure as percentage of national income, 87 (table); percentage distribution of expenditure, 94 (table); family allowances, 142; employers’ equalisation-fund system, 144; unemployment insurance, 187

• BENEFITS
• distribution problems, 24; classes of, 34...

Table of contents

• Cover
• Title Page
• Copyright Page
• Original Title Page
• Original Copyright Page
• Preface
• Table of Contents
• I Introduction
• II Definition and Scope
• III Basic Policies and Principles
• IV Social Insurance
• V Accumulation of Funds Versus ‘Pay-As-You-Go’ Financing
• VI Proportion of Social Security Payments to National Income
• VII Age and Retirement
• VIII Family Allowances
• IX Health
• X Other Contingencies
• XI Some Economic Considerations
• XII Conclusions
• Selected References
• Index