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dc.contributor.authorOrszag, Jonathan Michaelen
dc.contributor.authorSnower, Dennis J.en
dc.date.accessioned2009-01-28T14:26:51Z-
dc.date.available2009-01-28T14:26:51Z-
dc.date.issued1998-
dc.identifier.citation|tThe welfare state in Europe: Challenges and reforms|s92-828-2118-8|bEuropean economy: Reports and studies|x1997,4|nOff. for Off. Publ. of the Europ. Communities|lLuxembourg|y1998|p101-117en
dc.identifier.urihttp://hdl.handle.net/10419/2093-
dc.description.abstractThe proposal involves the establishment of 'welfare accounts' for every person in a country. There are to be four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health account (covering insurance against sickness and disability). Instead of the current welfare state systems - where welfare services are financed predominantly out of general taxes - people would make ongoing, mandatory contributions to each of these welfare accounts. The balances in these accounts would cover people's major welfare needs. The government is to set mandatory minimum contribution rates and maximum withdrawal rates from the accounts. The government is to have two budgetary systems: one in which non-welfare expenditures are financed through the existing array of taxes, and another system in which the public-sector expenditures on welfare services are financed through payments from people's welfare accounts. The government would be able to redistribute income across people's welfare accounts, but these redistributions would be constrained to be of the balanced-budget variety: total (economy-wide) taxes on each of the welfare accounts would be equal to total transfers into each of accounts. The public and private sectors would provide welfare services on an equal footing, setting prices for these services and competing with one another for the custom of the welfare account holders. We argue that moving from the current welfare state systems to a welfare account system may be expected to play a substantial role in reducing unemployment, encouraging labour force participation, promoting skills, reducing governments' budgetary pressures, cushioning people against economic risks, ensuring efficient provision of health and education services, providing social safety nets and redistributing incomes more efficiently.en
dc.language.isoengen
dc.publisher|cLuxembourg |aOff. for Off. Publ. of the Europ. Communitiesen
dc.subject.jelE64en
dc.subject.jelE61en
dc.subject.jelE62en
dc.subject.jelH54en
dc.subject.jelH61en
dc.subject.jelH52en
dc.subject.jelH42en
dc.subject.jelH23en
dc.subject.jelI11en
dc.subject.jelH24en
dc.subject.jelI38en
dc.subject.jelJ68en
dc.subject.jelI22en
dc.subject.jelH51en
dc.subject.jelH53en
dc.subject.jelH11en
dc.subject.jelI28en
dc.subject.jelH41en
dc.subject.ddc330en
dc.subject.keywordWelfare stateen
dc.subject.keywordredistributionen
dc.subject.keywordsocial insuranceen
dc.subject.keywordunemploymenten
dc.subject.keywordhealthen
dc.subject.keywordeducation and trainingen
dc.subject.keywordpensionsen
dc.subject.keywordsickness and disability ,en
dc.subject.stwSozialstaaten
dc.subject.stwReformen
dc.subject.stwEinkommensumverteilungen
dc.subject.stwTheorieen
dc.titleExpanding the welfare system: a proposal for reform-
dc.typeBook Parten
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkie:2093en
dc.identifier.printppn262026120en
dc.date.issuedonline2009en
dc.publisher.online|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburgen
econstor.documentversionAccepted Manuscript (Postprint)en
econstor.citation.compilationtitleThe welfare state in Europe: Challenges and reformsen
econstor.citation.isbn92-828-2118-8en
econstor.citation.seriesEuropean economy: Reports and studiesen
econstor.citation.seriesnumber1997,4en
econstor.citation.publisherOff. for Off. Publ. of the Europ. Communitiesen
econstor.citation.publisherplaceLuxembourgen
econstor.citation.year1998en
econstor.citation.startpage101en
econstor.citation.endpage117en

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