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The Marketization of Social Security

The Marketization of Social Security PDF Author: John C. Dixon
Publisher: Bloomsbury Publishing USA
ISBN: 0313000557
Category : Business & Economics
Languages : en
Pages : 239

Book Description
Much could be gained from the privatization of social security--but can the gains actually be delivered? Dixon, Hyde, and their contributing authors take a balanced look at where we are now, and where we seem to be moving, on the issues of social security privatization and come up skeptical. There will be tradeoffs, but will the benefits outweigh the costs? Their volume examines a variety of settings in Latin America, Asia, Europe, North America, and Africa, where the marketization of social security appears most hotly contested. As a contribution to this new, energetic gobal policy discourse, the book will be of special interest to policymakers in the public and private sectors, and particularly in organizations where concerns about the growing cost of employee benefits have become critical. Dixon, Hyde, and the others start by showing how the concept of social security has changed dramatically over the last 20 years--not just in the United States but throughout the world. The collectivist ideology that has long underpinned social security policy has been challenged by the emergence of an ideology of individualism. But can one presume that the desires of government to privatize are driven purely by the need to achieve neoliberal policy goals by that means? Too simplistic, say the contributors. Marketization offers the promise of reduced dependency on the state, reduced public expenditure and thus lower taxes, enhanced competitiveness internationally, more efficient delivery of social security services, and other advantages--but whether these promises would be kept seems to depend on a variety of factors. Among them, explored in this volume, are the level of development and sophistication of the capital markets, the degree of market competition that can be achieved and sustained, and the capacity of the state to develop and implement governance mechanisms to ensure that private providers act in the public interest. The volume also examines two daunting challenges to governments: how to design a set of regulations that can protect the public interest in perpetuity, and how to resist the calls for government subsidies to support the economic rent expectations of privatized providers. The contributors and editors develop these and other points concisely and readably, and in doing so offer important lessons from the experiences of others worldwide.

The Marketization of Social Security

The Marketization of Social Security PDF Author: John C. Dixon
Publisher: Bloomsbury Publishing USA
ISBN: 0313000557
Category : Business & Economics
Languages : en
Pages : 239

Book Description
Much could be gained from the privatization of social security--but can the gains actually be delivered? Dixon, Hyde, and their contributing authors take a balanced look at where we are now, and where we seem to be moving, on the issues of social security privatization and come up skeptical. There will be tradeoffs, but will the benefits outweigh the costs? Their volume examines a variety of settings in Latin America, Asia, Europe, North America, and Africa, where the marketization of social security appears most hotly contested. As a contribution to this new, energetic gobal policy discourse, the book will be of special interest to policymakers in the public and private sectors, and particularly in organizations where concerns about the growing cost of employee benefits have become critical. Dixon, Hyde, and the others start by showing how the concept of social security has changed dramatically over the last 20 years--not just in the United States but throughout the world. The collectivist ideology that has long underpinned social security policy has been challenged by the emergence of an ideology of individualism. But can one presume that the desires of government to privatize are driven purely by the need to achieve neoliberal policy goals by that means? Too simplistic, say the contributors. Marketization offers the promise of reduced dependency on the state, reduced public expenditure and thus lower taxes, enhanced competitiveness internationally, more efficient delivery of social security services, and other advantages--but whether these promises would be kept seems to depend on a variety of factors. Among them, explored in this volume, are the level of development and sophistication of the capital markets, the degree of market competition that can be achieved and sustained, and the capacity of the state to develop and implement governance mechanisms to ensure that private providers act in the public interest. The volume also examines two daunting challenges to governments: how to design a set of regulations that can protect the public interest in perpetuity, and how to resist the calls for government subsidies to support the economic rent expectations of privatized providers. The contributors and editors develop these and other points concisely and readably, and in doing so offer important lessons from the experiences of others worldwide.

Business as Usual

Business as Usual PDF Author: Craig Calhoun
Publisher: NYU Press
ISBN: 0814772773
Category : Business & Economics
Languages : en
Pages : 312

Book Description
"A co-publication with the Social Science Research Council."

Dismantling Solidarity

Dismantling Solidarity PDF Author: Michael A. McCarthy
Publisher: Cornell University Press
ISBN: 1501708198
Category : Political Science
Languages : en
Pages : 169

Book Description
Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than fifty years of American history, Michael A. McCarthy argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth.Pension development has followed three paths of marketization in America since the New Deal, each distinct but converging: occupational pension plans were adopted as an alternative to real increases in Social Security benefits after World War II, private pension assets were then financialized and invested into the stock market, and, since the 1970s, traditional pension plans have come to be replaced with riskier 401(k) retirement plans. Comparing each episode of change, Dismantling Solidarity mounts a forceful challenge to common understandings of America’s private pension system and offers an alternative political economy of the welfare state. McCarthy weaves together a theoretical framework that helps to explain pension marketization with structural mechanisms that push policymakers to intervene to promote capitalist growth and avoid capitalist crises and contingent historical factors that both drive them to intervene in the particular ways they do and shape how their interventions bear on welfare change. By emphasizing the capitalist context in which policymaking occurs, McCarthy turns our attention to the structural factors that drive policy change. Dismantling Solidarity is both theoretically and historically detailed and superbly argued, urging the reader to reconsider how capitalism itself constrains policymaking. It will be of interest to sociologists, political scientists, historians, and those curious about the relationship between capitalism and democracy.

Social Development and Societies in Transition

Social Development and Societies in Transition PDF Author: Stewart MacPherson
Publisher: Routledge
ISBN: 0429798008
Category : Social Science
Languages : en
Pages : 277

Book Description
First published in 1998, this volume features case studies which reflect the central mission of the ICSW (International Council on Social Welfare) to advance social justice, welfare and development. Contributors including practitioners, policy makers and academics have produced articles rich in reflections on real-life projects and experiences, representing countries at various stages of economic and social development. Issues discussed include poverty alleviation, social development trends in late 20th century Asia, and opportunities and education for women and the disabled, along with international priorities for social welfare and development.

Marketization

Marketization PDF Author: Himadri Roy Chaudhuri
Publisher: Springer Nature
ISBN: 9811545146
Category : Business & Economics
Languages : en
Pages : 312

Book Description
This book critically examines marketization: a phenomenon by which market processes are institutionalized and marketing increasingly pervades all areas of our everyday life. It presents a number of theories, frameworks and empirical studies highlighting how the phenomenon of marketization affects the 21st century consumer. The book also contests the traditional understanding of markets, offering a more comprehensive treatment of marketization and a fresh perspective on the dynamics of markets and the institutions that control everyday consumption practices. This book is an ideal resource for academics, reflective practitioners and policy-makers interested in formulating appropriate change strategies in the face of the globalization that affects emerging markets so profoundly. This well-crafted research book is a valuable addition to the sparse literature on theories of marketization. The authors refigure the existing theories more broadly and present compelling evidence and insights into market phenomenon such as marginality, alternative market forms and consumer identity.

Social Welfare Responses in a Neoliberal Era

Social Welfare Responses in a Neoliberal Era PDF Author:
Publisher: BRILL
ISBN: 9004384111
Category : Political Science
Languages : en
Pages : 313

Book Description
Listen to the podcast about Cory Blad's chapter in this book 'Searching for Saviors: Economic Adversities and the Challenge of Political Legitimacy in the Neoliberal Era'. This book seeks to explore welfare responses by questioning and going beyond the assumptions found in Esping-Andersen’s (1990) broad typologies of welfare capitalism. Specifically, the project seeks to reflect how the state engages, and creates general institutionalized responses to, market mechanisms and how such responses have created path dependencies in how states approach problems of inequality. Moreover, if the neoliberal era is defined as the dissemination and extension of market values to all forms of state institutions and social action, the need arises to critically investigate not only the embeddedness of such values and modes of thought in different contexts and institutional forms, but responses and modes of resistance arising from practice that might point to new forms of resilience.

Social Security, the Economy and Development

Social Security, the Economy and Development PDF Author: J. Midgley
Publisher: Springer
ISBN: 0230582192
Category : Business & Economics
Languages : en
Pages : 327

Book Description
This book explores the complex relationship between social security and economic development, arguing that social security contributes positively to economic development by promoting social investments that not only foster economic growth but enhance social welfare for all. The contributors analyse the various forms of social security, and, through comprehensive analysis of country experiences, demonstrates that the relationship between social security and economic development defies the simplistic interpretations currently popular in literature on the subject. A variety of country case studies are explored including Britain, Chile, China, India, Korea, Norway, Singapore, South Africa and the United States. This topical volume is a vital companion for all interested in the dynamics of the relationship between social security and the economy.

Social Security in China: On the Possibility of Equitable Distribution in the Middle Kingdom

Social Security in China: On the Possibility of Equitable Distribution in the Middle Kingdom PDF Author: Yanzhong Wang
Publisher: Springer
ISBN: 9811056439
Category : Political Science
Languages : en
Pages : 179

Book Description
This book reviews the development of China’s social security system from 1949 onwards and analyzes its features in each stage. By emphasizing the role of the social security system in regulating income distribution, it points out some problems in the current social security framework that are becoming apparent as the income gap continues to grow. It proposes various measures such as intensifying the reform of the social insurance fund, expanding old age insurance coverage, promoting health equality, and establishing a new rural medical security system that could be employed to improve the system’s equitability, sustainability, and inclusivity.

The Dynamics of Welfare Markets

The Dynamics of Welfare Markets PDF Author: Clémence Ledoux
Publisher: Springer Nature
ISBN: 3030566234
Category : Political Science
Languages : en
Pages : 438

Book Description
This volume represents the beginning of a 'cross pollination' of different social scientific disciplines, bridging the boundaries between national and disciplinary epistemic communities in the worlds of European welfare markets. It maps the common ground and uncovers new research directions for the future study of actors, policies and institutions shaping the growth and dynamics of European welfare markets. The book defines welfare markets as politically shaped, regulated and state supported markets that provide social goods and services through the competitive activities of non-state actors. The chapters focus on what happens after states have initiated welfare markets, with equal weight given to the analysis of the agency of state actors and non-state actors in the contraction, stabilisation, and disruption of welfare markets. By focusing the analysis on two cases of welfare markets, private pensions and home-based domestic/care work, the contributions explore and compare the dynamics of different types of markets. The research will be of use to sociologists and scholars of social policy interested in the social dimension of welfare markets, political scientists and political economists, as well as diverse epistemic communities across the social sciences. Chapter 1 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Reforming China

Reforming China PDF Author: Qixian Yang
Publisher: Paths International Ltd
ISBN: 9814298018
Category : Business & Economics
Languages : en
Pages : 255

Book Description
Enrich Series on China's Economic Reform provides a comprehensive analysis of China's 30-year process of economic reform. Based on an analysis of the interplay between theory and implementation, this volume, Reforming China: Theoretical Framework, outline