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Social Security: Protection from Poverty in Old Age and Unemployment

In: The Political Economy of a Living Wage

Author

Listed:
  • Donald Stabile

    (St. Mary’s College of Maryland)

Abstract

This chapter will look at two New Deal programs that used the tax system to fund unemployment insurance and old-age pensions as part of the SSA of 1935. The focus in the first part of this chapter will be on the views of the supporters of the SSA; the second part will deal with its critics. In both parts, the discussion will revolve around a living wage. It will also describe how unemployment insurance and old-age pensions were part of a consumerist New Deal program to increase purchasing power. Still, the relationship between social security and a living wage will be the main focus of this chapter.

Suggested Citation

  • Donald Stabile, 2016. "Social Security: Protection from Poverty in Old Age and Unemployment," Palgrave Studies in American Economic History, in: The Political Economy of a Living Wage, chapter 0, pages 161-199, Palgrave Macmillan.
  • Handle: RePEc:pal:psichp:978-3-319-32473-9_5
    DOI: 10.1007/978-3-319-32473-9_5
    as

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