OECD Economic Policy Papers

ISSN: 
2226-583X (online)
http://dx.doi.org/10.1787/2226583X
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The OECD Economic Policy Papers series is designed to make available selected studies on structural and macro-economic policy issues of current interest. The Papers are produced in the context of the work carried out on the two regular OECD titles, OECD Economic Outlook and Going for Growth.
 

Vulnerability of Social Institutions You or your institution have access to this content

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Author(s):
Falilou Fall1, Debra Bloch1, Peter Hoeller, Jon Kristian Pareliussen1, Mauro Pisu1
Author Affiliations
  • 1: OECD, France

08 July 2014
Bibliographic information
No.:
11
Pages:
57
http://dx.doi.org/10.1787/5jz158r4q0zn-en

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Social institutions face many challenges. The recent economic crisis has provided a stress test as it has left a legacy of high unemployment and high government debt in many countries. It also lowered potential output and thus the revenue base for social protection schemes. At the same time, ageing and other secular trends raise long-term sustainability issues. The design of social institutions determines their capacity to deal with shocks and trend changes and the way risks are shared between the institutions and their stakeholders. They also circumscribe the scope for automatic or discretionary adjustments, when trade-offs between sustainability, adequacy and efficiency arise. This report examines the sustainability of social institutions and their ability to absorb and cope with short-term shocks and longer-term trends by providing risk sharing and expenditure smoothing, focusing on pension, health care and unemployment insurance schemes.
Keywords:
health care, unemployment insurance, social protection, pension scheme
JEL Classification:
  • H51: Public Economics / National Government Expenditures and Related Policies / Government Expenditures and Health
  • H53: Public Economics / National Government Expenditures and Related Policies / Government Expenditures and Welfare Programs
  • H55: Public Economics / National Government Expenditures and Related Policies / Social Security and Public Pensions
  • I13: Health, Education, and Welfare / Health / Health Insurance, Public and Private
  • I38: Health, Education, and Welfare / Welfare, Well-Being, and Poverty / Government Policy ; Provision and Effects of Welfare Programs
  • J11: Labor and Demographic Economics / Demographic Economics / Demographic Trends, Macroeconomic Effects, and Forecasts
  • J26: Labor and Demographic Economics / Demand and Supply of Labor / Retirement ; Retirement Policies
  • J65: Labor and Demographic Economics / Mobility, Unemployment, Vacancies, and Immigrant Workers / Unemployment Insurance ; Severance Pay ; Plant Closings
 
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