U NDER the Social Security Act, once an individual establishes his entitlement to monthly oldage and survivors insurance benefits, he continues to receive his benefit each and every month, unless any one of several specified events occurs -principally, his substantial employment or self-employment, death, attainment of age 18, marriage, or remarriage. Under conditions stated in the Act, these e...

We consider a life-cycle model with idiosyncratic risk in earnings, out-of-pocket medical and nursing home expenses, and survival. Partial insurance is available through welfare, Medicaid, and social security. Calibrating the model to the United States we show that savings for old-age, out-of-pocket expenses account for 13.5 percent of aggregate wealth, half of which is due to nursing home expe...

Japan was the first Asian country to introduce social insurance measures and she has expanded them during the last few decades. The first social insurance law was passed in 1922 dealing with worker’s health insurance in general. It was followed by many schemes of social insurance. National Health Insurance in 1938, Seamen’s Insurance in 1939, Employees’ Pension Insurance in 1941 and so forth. A...

b y ROBERT J. MYERS* T HE Social Security Act of 1935 established the first Federal social security system in the United States—a system that has been substantially revised by successive amendments since that year. The major features of the largest program, now old-age, survivors, and disability insurance, and the changes in coverage, benefit, and financing provisions resulting from the amendme...

Abstract: We study the impact of the introduction of one of the major pillars of the social insurance system in the United States: the introduction of Medicare in 1965. Our results suggest that, in its first 10 years, the establishment of universal health insurance for the elderly had no discernible impact on elderly mortality. However, we find a substantial reduction in the elderly’s exposure ...

With the development of population aging, social security system becomes more and more important in China. The basic old-age insurance is the most serious part of China’s social security system. Whether the basic old-age insurance system achieves its original goal is decisive for success, and we can only use scientific methods to evaluate the efficiency of the system. This paper uses the Analyt...

The number of people in Australia that are currently covered by a hospital private health insurance product continues to rise every quarter. In September 2010, for the first time since the introduction of the public universal social insurance scheme, Medicare, more than 10million persons in Australia are covered by private health insurance. Although the number of persons covered by private heal...

,QMENDMENTS TO THE Social Security -4ct, passed in 1965 {Public Law S9-97) not only made major changes in the exisbing old-age, surviwrs: and disabi1it.y insurance (OASDI) syst.em but also established t,wo new insurance programs : the hospital insurance program a.nd the supplementary medical insurance pr0gram.l The three syste.ms are to be financed separately and are therefore discussed separat...

formation and expantion of informal settlements are concequences of urban growth and zanjan isn't an exception to this regulation. najaf abad informal settlement has been formed and expanded on the bases of uncontrolled and exceeding rural immigration. this study aims to investigate role of social security in empowerment as well as elimination district problems of zanjan najaf abad. in the empo...