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Worldwide trends in social security, 1979

J G Simanis

    Social Security Bulletin
    |August 1, 1980
    PubMed
    Summary
    This summary is machine-generated.

    Global social security programs are expanding benefits and coverage, but rising costs due to inflation and shifting demographics necessitate higher contributions and cost-saving measures. Efforts are underway to ensure financial stability and promote gender equality in social protection.

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    Area of Science:

    • Social Sciences
    • Economics
    • Public Policy

    Background:

    • Social security programs worldwide are evolving to offer broader protection against life's economic risks.
    • Many nations are enhancing benefits for old age, invalidity, sickness, work injury, unemployment, and death.

    Purpose of the Study:

    • To analyze the trends and financial dynamics of global social security programs as of 1979.
    • To identify strategies countries employ to manage program costs and ensure long-term sustainability.

    Main Methods:

    • Comparative analysis of data from "Social Security Programs Throughout the World, 1979" and previous reports.
    • Examination of financial adjustments, including contribution rates, benefit structures, and eligibility criteria.

    Main Results:

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    • Increased payroll contribution rates are common to fund enhanced programs and offset inflation.
    • Deteriorating contribution-to-beneficiary ratios pose financial challenges due to shrinking active worker bases and growing retiree populations.
    • Countries are implementing measures like expanded contribution bases, benefit adjustments, stricter eligibility, and healthcare cost reductions.

    Conclusions:

    • Social security systems face financial pressures requiring a multi-faceted approach to sustainability.
    • Global efforts are increasing to achieve gender equality in social security provisions.