Does social security reduce the accumulation of private wealth? Evidence from Italian survey data

1995 ◽  
Vol 49 (1) ◽  
pp. 1-31 ◽  
Author(s):  
Tullio Jappelli
2010 ◽  
Vol 10 (1) ◽  
pp. 75-97 ◽  
Author(s):  
RENATA BOTTAZZI ◽  
TULLIO JAPPELLI ◽  
MARIO PADULA

AbstractWe estimate the portfolio effect of changes in social security wealth exploiting a decade of Italian pension reforms. The Italian Survey of Household Income and Wealth records detailed portfolio data and elicits expectations of retirement outcomes, thus allowing us to measure expected social security wealth and assess to what extent Italian households perceive the innovations brought about by the reforms. We find that households have responded to cuts in pension benefits mostly by increasing real estate wealth, and that this response is stronger among households able more accurately to estimate future social security benefits. We also compute that for the average household consumable wealth increases by 40 percent of the reduction in social security wealth.


2021 ◽  
Vol 2021 (1320) ◽  
pp. 1-48
Author(s):  
Giuseppe Fiori ◽  
◽  
Filippo Scoccianti ◽  

This paper uses over two decades of Italian survey data on business managers' expectations to measure subjective firm-level uncertainty and quantify its economic effects. We document that firm-level uncertainty persists for a few years and varies across firms' demographic characteristics. Uncertainty induces long-lasting economic effects over a broad array of real and financial variables. The source of uncertainty matters with firms responding only to downside uncertainty, that is, uncertainty about future adverse outcomes. Economy-wide uncertainty, constructed aggregating firm-level uncertainty, is countercyclical but uncorrelated with typical proxies in the literature, and accounts for a sizable amount of GDP variation during crises.


Author(s):  
Shinichi Aizawa

This paper explores the historical challenge of social inclusion relying on the example of the Japanese social security system. The current public assistance system in Japan is grounded on the Public Assistance Act of 1951, which was originally constituted in 1946 and already declared equal treatment of all citizens. We will focus on a hidden aspect in this introductory period of the public assistance system, the actual situations of people who depend on it. We have digitally restored a survey data for households receiving public assistance. This data was collected in a Japanese prefecture in 1952. The results of this survey indicate that differences in poverty by gender are remarkable. For male householders, the total number of events that caused the onset of public assistance, principally injured or diseases, in 1950 or 1951 was more than that of 1944 or 1945. On the other hand, for female householders, the events of 1944 or 1945 were related to the Second World War, principally the death of male breadwinners, which induced poverty. Moreover, we broke down recipients by gender, age, and household types and revealed, in particular, two facts. First, many widows were receiving public assistance, but not all had lost their spouses in the war. Second, the largest age cluster of recipients was composed of children in the compulsory education age group. The increasing inclusion of the ‘standard’ type of household indicates the success of the Public Assistance Act’s universalism. This digitally restored sample has much potential to provide detailed descriptions of life courses and information on the jobs of household members.


SERIEs ◽  
2021 ◽  
Author(s):  
Luis Ayala ◽  
Ana Pérez ◽  
Mercedes Prieto-Alaiz

AbstractThis paper aims to analyze the effect on measured inequality and its structure of using administrative data instead of survey data. Different analyses are carried out based on the Spanish Survey on Income and Living Conditions (ECV) that continued to ask households for their income despite assigning their income data as provided by the Tax Agency and the Social Security Administration. Our main finding is that the largest discrepancies between administrative and survey data are in the tails of the distribution. In addition to that, there are clear differences in the level and structure of inequality across data sources. These differences matter, and our results should be a wake-up call to interpret the results based on only one source of income data with caution.


2018 ◽  
Vol 15 (3) ◽  
pp. 437-451
Author(s):  
Deniz Yetkin Aker ◽  
Ayhan Görmüş

Based on Labour Force Survey data conducted by Turkish Statistical Institute, this study aims at discussing economic integration of return migrants in general and determining whether there are significant differences between return migrants and non-migrants in terms of the effects of demographic factors and work-status nominators on their employment. The study argues that the returnees face far more employment challenges compared to non-migrants. The results of the study suggest that holding a university or postgraduate degree facilitates the employment of returnees to a certain degree. However, lower levels of educational attainment, employment lacking social security and micro-sized establishments pose several challenges. 


2015 ◽  
Vol 26 (2) ◽  
pp. 118-128 ◽  
Author(s):  
Barbara A. Smith

The Social Security Statement is one of the most important outreach efforts of the Social Security Administration (SSA). In October 1999, SSA began sending out the Statement to inform Americans aged 25 or older about their estimated benefits and their earnings records. This article reviews the Statement's history, discusses how the public uses the Statement in retirement planning, and highlights how the Statement has increased the public's knowledge of Social Security. The article describes SSA tools and publications that the public can use in retirement planning. It concludes with suggestions for how financial educators, counselors, planners, and researchers might use the Statement and related survey data to inform the public about Social Security programs, benefits, and services.


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