Social insurance in the United States--including the Social Security Act of 1935 and the Medicare, Medicaid, and disability insurance programs that were added later--may be the greatest triumph of American domestic policy. But true security has not been achieved. As Michael J. Graetz and Jerry L. Mashaw show in this pathbreaking book, the nation's system of social insurance is riddled with gaps, inefficiencies, and inequities. Even the most popular and successful programs, Medicare and Social Security, face serious financial challenges from the coming retirement of the baby boom generation and the aging of the population. This book challenges the notion that American social insurance must remain inadequate, unaffordable, or both. In sharp contrast to policymakers and analysts who debate only one income security program at a time, Graetz and Mashaw examine social insurance whole to assess its crucial role in providing economic security in a dynamic market economy. They recognize that, notwithstanding a proper emphasis on individual freedom and responsibility, Americans share a common fate that binds them together in a common enterprise. The authors offer us a new vision of the social insurance contract and concrete proposals to make the nation's families more secure without increasing costs.

A Brookings Institution Press and National Academy for Social Insurance publication In this new conference volume from the National Academy of Social Insurance, experts offer differing views on what changes will, and must, occur to ensure the continuing viability of Social Security, retirement benefits, unemployment insurance, Medicare, and health security programs. The book opens with a general overview of how economic and political forces will shape the future of social insurance. In the chapters that follow, contributors discuss and debate a full range of related topics, including future Social Security investment returns, the changing face of private retirement plans, insuring longevity risk in pensions and Social Security, issues in unemployment insurance, long-term financing, governance, and markets for Medicare, and health care for the underserved and uninsured. Contributors include William C. Dudley (Goldman Sachs), Richard Berner (Morgan Stanley Dean Witter), Kilolo Kijakazi (Center on Budget and Policy Priorities), Fay Lomax Cook (Institute for Policy Research, Northwestern University), Lawrence Jacobs (University of Minnesota), Jack VanDerhei (Fox School of Business Management, Temple University) Craig Copeland (Employee Benefit Research Institute), Jeffery R. Brown (John F. Kennedy School of Government, Harvard), Janet Norwood (1993-96 Advisory Council on Unemployment Compensation), Marilyn Moon (Urban Institute), Sheila Burke (Smithsonian Institution and Kennedy School of Government, Harvard), Mark Schlesinger (Yale), Gerard Anderson (Johns Hopkins University), Lauren LeRoy (Grantmakers in Health), Ruth Riedel (Alliance Healthcare Foundation of San Diego), and Henrie M. Treadwell (W. K. Kellog Foundation¡¯s Community Voices).

Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.

The potential role of social protection in the development process has received heightened recognition in recent years, yet making a strong investment case for social protection remains particularly challenging in many emerging and developing countries. This report challenges us to think deeply about the economic rationale for social protection investments through an inclusive development lens. It helps us understand the links between social protection, growth and inequality; how to measure those links empirically; social protection’s impact on inclusive growth; and how to build a more solid economic case for greater social protection investments.

De literatuur over welvaartsstaten richt zich vaak op beleidsveranderingsprocessen en de mechanismen die deze veranderingen veroorzaken of tegenwerken. De werkelijke verandering wordt vaak geïnterpreteerd als gevolg van externe crises of als gevolg van de meer geleidelijke beleidsveranderingsprocessen. Dit boek heeft een ander uitgangspunt: de auteurs onderzoeken de bewering dat de sociale en economische veranderingen als gevolg van de overgang naar een postindustriële samenleving de sociale fundamenten van de verzorgingsstaat hebben verzwakt.

From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.