Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/2093
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dc.contributor.authorOrszag, Jonathan Michaelen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.date.accessioned2009-01-28T14:26:51Z-
dc.date.available2009-01-28T14:26:51Z-
dc.date.issued1998en_US
dc.identifier.citation|tThe welfare state in Europe: Challenges and reforms |lLuxembourg |nOff. for Off. Publ. of the Europ. Communities |s92-828-2118-8 |bEuropean economy: Reports and studies |x1997,4 |y1998 |p101-117en_US
dc.identifier.urihttp://hdl.handle.net/10419/2093-
dc.description.abstractThe proposal involves the establishment of ?welfare accounts? for every person ina country. There are to be four accounts: a retirement account (covering pensions), anunemployment account (covering unemployment support), a human capital account(covering education and training), and a health account (covering insurance againstsickness and disability). Instead of the current welfare state systems - where welfareservices are financed predominantly out of general taxes - people would make ongoing,mandatory contributions to each of these welfare accounts. The balances in these accountswould cover people?s major welfare needs. The government is to set mandatory minimumcontribution rates and maximum withdrawal rates from the accounts. The government is tohave two budgetary systems: one in which non-welfare expenditures are financed throughthe existing array of taxes, and another system in which the public-sector expenditures onwelfare services are financed through payments from people?s welfare accounts. Thegovernment would be able to redistribute income across people?s welfare accounts, butthese 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 intoeach of accounts. The public and private sectors would provide welfare services on an equalfooting, setting prices for these services and competing with one another for the custom ofthe welfare account holders. We argue that moving from the current welfare state systems toa welfare account system may be expected to play a substantial role in reducingunemployment, encouraging labour force participation, promoting skills, reducing governments? budgetary pressures, cushioning people against economic risks, ensuringefficient provision of health and education services, providing social safety nets andredistributing incomes more efficiently.en_US
dc.language.isoengen_US
dc.publisher|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburg-
dc.subject.jelE64en_US
dc.subject.jelE61en_US
dc.subject.jelE62en_US
dc.subject.jelH54en_US
dc.subject.jelH61en_US
dc.subject.jelH52en_US
dc.subject.jelH42en_US
dc.subject.jelH23en_US
dc.subject.jelI11en_US
dc.subject.jelH24en_US
dc.subject.jelI38en_US
dc.subject.jelJ68en_US
dc.subject.jelI22en_US
dc.subject.jelH51en_US
dc.subject.jelH53en_US
dc.subject.jelH11en_US
dc.subject.jelI28en_US
dc.subject.jelH41en_US
dc.subject.ddc330-
dc.subject.keywordWelfare stateen_US
dc.subject.keywordredistributionen_US
dc.subject.keywordsocial insuranceen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordhealthen_US
dc.subject.keywordeducation and trainingen_US
dc.subject.keywordpensionsen_US
dc.subject.keywordsickness and disability ,en_US
dc.subject.stwSozialstaaten_US
dc.subject.stwReformen_US
dc.subject.stwEinkommensumverteilungen_US
dc.subject.stwTheorieen_US
dc.titleExpanding the welfare system: a proposal for reformen_US
dc.typeBook Parten_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkie:2093-
dc.identifier.printppn262026120en_US

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