Skip to main content
SpringerLink
Log in

Social Security and the Economy: Key Perspectives

  • Chapter
Social Security, the Economy and Development

Abstract

The expansion of social security in the middle decades of the twentieth century was generally welcomed. In the Western countries, memories of the Great Depression were still fresh and policies designed to maintain income in times of financial hardship were widely supported. At the end of the Second World War, many people subscribed to the view that poverty and deprivation could be ended through concerted collective action. After all, the war had shown that apparently insurmountable challenges could be overcome through cooperation and a commitment to common goals. Inspired by the New Deal in the United States and the Beveridge Report in Britain, many were persuaded that poverty could be eradicated through comprehensive income protection programmes.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Alesina, A. and Giavazzi, F. (2006). The Future of Europe: Reform or Decline. Cambridge, MA: MIT Press.

    Google Scholar 

  • Bacon, R. and Eltis, W. (1976). Britain’s Economic Problems: Too Few Producers. London: Macmillan.

    Google Scholar 

  • Baker, J. (1979). ‘Social Conscience and Social Policy’, Journal of Social Policy, 8 (2), 177–206.

    Article  Google Scholar 

  • Beegle, K., Rajeev, D. and Gatti, R. (2006). ‘Child Labor and Agricultural Shocks’, World Bank Research Digest, 1 (1), 5.

    Google Scholar 

  • Besharov, D. (1995) ‘Using Work to Reform Welfare’, Public Welfare, 53 (3), 7–16.

    Google Scholar 

  • Beveridge, W. (1944). Full Employment in a Free Society. London: Allen and Unwin.

    Google Scholar 

  • Borzutsky, S. (2001). ‘Chile: Has Social Security Privatization Fostered Economic Development?’ International Journal of Social Welfare, 10 (4), 294–299.

    Article  Google Scholar 

  • Borzutzky, S. (2002). Vital Connections: Politics, Social Security and Inequality in Chile. Notre Dame, IN: Notre Dame University Press.

    Google Scholar 

  • Breul, F. and Diner, S. (eds) (1980). Compassion and Responsibility: Readings in the History of Social Welfare Policy in the United States. Chicago: University of Chicago Press.

    Google Scholar 

  • Bruce, B. T. (1961). The Coming of the Welfare State. London: Batsford.

    Google Scholar 

  • Butare, T. (1994). ‘International Comparison of Social Security and Retirement Funds from the National Savings Perspective’, International Social Security Review, 47 (2), 17–36.

    Article  Google Scholar 

  • Cichon, M. and Hagemejer, K. (2007). ‘Changing the Development Policy Paradigm: Investing in a Social Security for All’, International Social Security Review, 60 (2/3), 169–196.

    Article  Google Scholar 

  • de Schweinitz, K. (1943). England’s Road to Social Security. Philadelphia: University of Pennsylvania Press.

    Google Scholar 

  • Edmonds, E. V. (2006). ‘Child Labor and Schooling Responses to Anticipated Income in South Africa’, Journal of Development Economics, 81 (2), 386–414.

    Article  Google Scholar 

  • Eltis, W. (1984). The Classical Theory of Economic Growth. London: Macmillan.

    Book  Google Scholar 

  • Esping-Andersen, G. (1990). Three Worlds of Welfare Capitalism. Cambridge: Polity Press.

    Google Scholar 

  • Feldstein, M. B. (1974). Social Security and Private Savings. Cambridge, MA: Harvard University Institute of Economic Research.

    Google Scholar 

  • Fitzpatrick, T. (1999). Freedom and Security: An Introduction to the Basic Income Debate. New York: Palgrave Macmillan.

    Book  Google Scholar 

  • Friedman, M. (1962). Capitalism and Freedom. Chicago: University of Chicago Press.

    Google Scholar 

  • Galbraith, J. K. (2007). Maastricht 2042 and the Fate of Europe: Towards Convergence and Full Employment. Annandale-on-Hudson, NY: Levy Economics Institute of Bard College.

    Google Scholar 

  • Galbraith, J. K., Conceicao, P. and Ferreira, P. (1999). ‘Inequality and Unemployment in Europe: The American Cure’, New Left Review, 237 (1), 28–51.

    Google Scholar 

  • Gilder, G. (1981). Wealth and Poverty. New York: Basic Books.

    Google Scholar 

  • Ginsberg, N. (1979). Class, Capital and Social Policy. London: Macmillan.

    Book  Google Scholar 

  • Gough, I. (1979). The Political Economy of the Welfare State. London: Macmillan.

    Book  Google Scholar 

  • Hayek, F. von (1944). The Road to Serfdom. London: Routledge & Kegan Paul.

    Google Scholar 

  • Johnson, J. K. M. and Williamson, J. B. (2006). ‘Do Universal Non-contributory Old Age Pensions Make Sense for Rural Areas in Low-income Countries?’ International Social Security Review, 59 (4), 47–90.

    Article  Google Scholar 

  • Leighninger, R. D. (2007). Long Range Public Investment: The Forgotten Legacy of the New Deal. Columbia, SC: University of South Carolina Press.

    Google Scholar 

  • Leuchtenburg, W. (1963). Franklin D. Roosevelt and the New Deal. New York: Harper and Row.

    Google Scholar 

  • Levy, S. (2006). Progress against Poverty: Sustaining Mexico’s Progresa-Opportunidades Program. Washington, DC: Brookings Institution Press.

    Google Scholar 

  • Mares, I. (2007). The Economic Consequences on the Welfare State’, International Social Security Review, 60 (2/3), 65–82.

    Article  Google Scholar 

  • Borzutsky, S. (2001). ‘Chile: Has Social Security Privatization Fostered Economic Development?’ International Journal of Social Welfare, 10 (4), 294–299.

    Article  Google Scholar 

  • Borzutzky, S. (2002). Vital Connections: Politics, Social Security and Inequality in Chile. Notre Dame, IN: Notre Dame University Press.

    Google Scholar 

  • Breul, F. and Diner, S. (eds) (1980). Compassion and Responsibility: Readings in the History of Social Welfare Policy in the United States. Chicago: University of Chicago Press.

    Google Scholar 

  • Bruce, B. T. (1961). The Coming of the Welfare State. London: Batsford.

    Google Scholar 

  • Butare, T. (1994). ‘International Comparison of Social Security and Retirement Funds from the National Savings Perspective’, International Social Security Review, 47 (2), 17–36.

    Article  Google Scholar 

  • Cichon, M. and Hagemejer, K. (2007). ‘Changing the Development Policy Paradigm: Investing in a Social Security for All’, International Social Security Review, 60 (2/3), 169–196.

    Article  Google Scholar 

  • de Schweinitz, K. (1943). England’s Road to Social Security. Philadelphia: University of Pennsylvania Press.

    Google Scholar 

  • Edmonds, E. V. (2006). ‘Child Labor and Schooling Responses to Anticipated Income in South Africa’, Journal of Development Economics, 81 (2), 386–414.

    Article  Google Scholar 

  • Eltis, W. (1984). The Classical Theory of Economic Growth. London: Macmillan.

    Book  Google Scholar 

  • Esping-Andersen, G. (1990). Three Worlds of Welfare Capitalism. Cambridge: Polity Press.

    Google Scholar 

  • Feldstein, M. B. (1974). Social Security and Private Savings. Cambridge, MA: Harvard University Institute of Economic Research.

    Google Scholar 

  • Fitzpatrick, T. (1999). Freedom and Security: An Introduction to the Basic Income Debate. New York: Palgrave Macmillan.

    Book  Google Scholar 

  • Friedman, M. (1962). Capitalism and Freedom. Chicago: University of Chicago Press.

    Google Scholar 

  • Galbraith, J. K. (2007). Maastricht 2042 and the Fate of Europe: Towards Convergence and Full Employment. Annandale-on-Hudson, NY: Levy Economics Institute of Bard College.

    Google Scholar 

  • Galbraith, J. K., Conceicao, P. and Ferreira, P. (1999). ‘Inequality and Unemployment in Europe: The American Cure’, New Left Review, 237 (1), 28–51.

    Google Scholar 

  • Gilder, G. (1981). Wealth and Poverty. New York: Basic Books.

    Google Scholar 

  • Ginsberg, N. (1979). Class, Capital and Social Policy. London: Macmillan.

    Book  Google Scholar 

  • Gough, I. (1979). The Political Economy of the Welfare State. London: Macmillan.

    Book  Google Scholar 

  • Hayek, F. von (1944). The Road to Serfdom. London: Routledge & Kegan Paul.

    Google Scholar 

  • Johnson, J. K. M. and Williamson, J. B. (2006). ‘Do Universal Non-contributory Old Age Pensions Make Sense for Rural Areas in Low-income Countries?’ International Social Security Review, 59 (4), 47–90.

    Article  Google Scholar 

  • Leighninger, R. D. (2007). Long Range Public Investment: The Forgotten Legacy of the New Deal. Columbia, SC: University of South Carolina Press.

    Google Scholar 

  • Leuchtenburg, W. (1963). Franklin D. Roosevelt and the New Deal. New York: Harper and Row.

    Google Scholar 

  • Levy, S. (2006). Progress against Poverty: Sustaining Mexico’s Progresa-Opportunidades Program. Washington, DC: Brookings Institution Press.

    Google Scholar 

  • Mares, I. (2007). The Economic Consequences on the Welfare State’, International Social Security Review, 60 (2/3), 65–82. Social Security and the Economy: Key Perspectives 81

    Article  Google Scholar 

  • Marshall, T. H. (1950). Citizenship and Other Essays. Cambridge: Cambridge University Press.

    Google Scholar 

  • Mead, L. M. (1986). Beyond Entitlement: The Social Obligations of Citizenship. New York: Free Press.

    Google Scholar 

  • Mead, L. M. (1992). The New Politics of Poverty: The Nonworking Poor in America. New York: Basic Books.

    Google Scholar 

  • Mead, L. (ed.) (1997). The New Paternalism: Supervisory Approaches to Poverty. Washington, DC: Brookings Institution Press.

    Google Scholar 

  • Midgley, J. (1984). Social Security, Inequality and the Third World. New York: Wiley.

    Google Scholar 

  • Midgley, J. (1995). Social Development: The Developmental Perspective in Social Welfare. London: Sage.

    Google Scholar 

  • Midgley, J. (1999). ‘Growth, Redistribution and Welfare: Towards Social Investment’, Social Service Review, 77 (1), 3–21.

    Article  Google Scholar 

  • Midgley, J. (2003). ‘Social Development: The Intellectual Heritage’, Journal of International Development, 15 (7), 831–844.

    Article  Google Scholar 

  • Morris, R. (1986). Rethinking Social Welfare. New York: Longman.

    Google Scholar 

  • Murray, C. (1984). Losing Ground: American Social Policy, 1950–1980. New York: Basic Books.

    Google Scholar 

  • O’Connor, J. (1973). The Fiscal Crisis of the State. New York: St. Martin’ Press.

    Google Scholar 

  • Offe, C. (1984). Contradictions of the Welfare State. Cambridge, MA: MIT Press.

    Google Scholar 

  • Okun, A. (1975). Equality and Efficiency: The Big Trade-off. Washington DC: Brookings Institution.

    Google Scholar 

  • Patel, L. (2005). Social Welfare and Social Development in South Africa. Johannesburg: Oxford University Press.

    Google Scholar 

  • Payne, J. L. (1998). Overcoming Welfare: Expecting More from the Poor and from Ourselves. New York: Basic Books.

    Google Scholar 

  • Piachaud, D. (1997). ‘Social Security and Dependence’, International Social Security Review, 50 (1), 41–55.

    Article  Google Scholar 

  • Prigmore, C. S. and Atherton, C. R. (1979). Social Welfare Policy: Analysis and Formulation. Lexington, KY: Heath.

    Google Scholar 

  • Rasmussen, P. N. (2007). ‘The Danish Model of Flexicurity’, The Magazine, American Association of Retired People (AARP, April 2007, p. 3).

    Google Scholar 

  • Rawlings, L. B. (2005). A New Approach to Social Assistance: Latin America’s Experience with Conditional Cash Transfer Programmes’, International Social Security Review, 58 (2/3), 133–162.

    Article  Google Scholar 

  • Reviglio, F. (1967). Social Security: A Means of Savings Mobilization for Economic Development. Wshington DC: International Monetary Fund Staff Papers.

    Google Scholar 

  • Rimlinger, G. (1971). Welfare Policy and Industrialization in Europe, America and Russia. New York: Wiley.

    Google Scholar 

  • Shapiro, T. M. (2001). ‘The Importance of Assets.’ In T. M. Shapiro and E. N. Wolff (eds), Assets for the Poor: The Benefits of Spreading Asset Ownership. New York: Russell Sage Foundation, pp. 11–33.

    Google Scholar 

  • Sherraden, M. (1991). Assets and the Poor: A New American Welfare Policy. Armonk, NY: M. E. Sharpe.

    Google Scholar 

  • Sherraden, M. (1997). ‘Provident Funds and Social Protection: The Case of Singapore.’ In J. Midgley and M. Sherraden (eds), Alternatives to Social Security: An International Inquiry. London: Auburn House, pp. 33–60.

    Google Scholar 

  • Sherraden, M. (2001). ‘Asset Building Policy and Programmes for the Poor.’ In T. M. Shapiro and E. N. Wolff, (eds), Assets for the Poor. New York: Russell Sage Foundation, pp. 302–323.

    Google Scholar 

  • Silva, M. O. da S. (2006). ‘The Family Scholarship Programme: Unification of Income Transfer Programmes in Brazil’s Social Protection System.’ Social Development Issues. 28 (3), 101–114.

    Google Scholar 

  • Skidelsky, R. (2000). John Maynard Keynes Volume Three: Fighting for Britain 1937– 1946. London: Macmillan.

    Google Scholar 

  • Standing, G. (2002). Beyond the New Paternalism: Basic Security as Equality. London: Verso.

    Google Scholar 

  • Titmuss, R. M. (1971). The Gift Relationship. London: Allen and Unwin.

    Google Scholar 

  • Titmuss R. M. (1974). Social Policy: An Introduction. London: Allen and Unwin.

    Google Scholar 

  • United Kingdom (1942). Social Insurance and Allied Services: Report by Sir William Beveridge. HMSO, Cmnd 6404.

    Google Scholar 

  • United Nations (1981). Crop Insurance in Developing Countries. New York.

    Google Scholar 

  • United Nations (1996). Report of the World Summit for Social Development: Copenhagen, 6–12 March 1995. New York.

    Google Scholar 

  • United Nations (2005). Investing in Development: A Practical Plan to Achieve the Millennium Development Goals. New York.

    Google Scholar 

  • Van Parijs, P. (ed.) (1992). Arguing for Basic Income: Ethical Foundations for a Radical Reform. London: Verso.

    Google Scholar 

  • Vasoo, L. and Lee, J. (2001). ‘Singapore: Social Development, Housing and the Central Provident Fund’, International Journal of Social Welfare, 10 (4), 276–283.

    Article  Google Scholar 

Download references

Authors
  1. James Midgley
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. School of Social Welfare University of California, Berkeley, USA

    James Midgley (Harry and Riva Specht Professor of Public Social Services) (Harry and Riva Specht Professor of Public Social Services)

  2. Department of Social Work, Chinese University of Hong Kong, Hong Kong

    Kwong-leung Tang (Chair and Professor of Social Work) (Chair and Professor of Social Work)

Copyright information

© 2008 James Midgley

About this chapter

Cite this chapter

Midgley, J. (2008). Social Security and the Economy: Key Perspectives. In: Midgley, J., Tang, Kl. (eds) Social Security, the Economy and Development. Palgrave Macmillan, London. https://doi.org/10.1057/9780230582194_3

Download citation

Publish with us

Policies and ethics

Search

Navigation