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Vulnerability of Social Institutions

Author

Listed:
  • Falilou Fall

    (OECD)

  • Debra Bloch

    (OECD)

  • Peter Hoeller

    (OECD)

  • Jon Pareliussen

    (OECD)

  • Mauro Pisu

    (OECD)

Abstract

Social institutions face many challenges. The recent economic crisis has provided a stress test as it has left a legacy of high unemployment and high government debt in many countries. It also lowered potential output and thus the revenue base for social protection schemes. At the same time, ageing and other secular trends raise long-term sustainability issues. The design of social institutions determines their capacity to deal with shocks and trend changes and the way risks are shared between the institutions and their stakeholders. They also circumscribe the scope for automatic or discretionary adjustments, when trade-offs between sustainability, adequacy and efficiency arise. This report examines the sustainability of social institutions and their ability to absorb and cope with short-term shocks and longer-term trends by providing risk sharing and expenditure smoothing, focusing on pension, health care and unemployment insurance schemes. Vulnérabilité des institutions sociales Les systèmes de protection sociale sont confrontés à de nombreux défis. La récente crise économique a été un test de robustesse avec son lot de chômage élevé et de hausse de la dette publique dans de nombreux pays. La crise a également réduit le PIB potentiel et donc la base de financement des régimes de protection sociale. Dans le même temps, le vieillissement et les autres tendances séculaires soulèvent des questions de durabilité financière à long terme. Les caractéristiques structurelles des institutions sociales déterminent leur capacité à faire face aux chocs et aux changements de tendance, et également le partage des risques entre les institutions et leurs parties prenantes. Elles définissent aussi la possibilité d’ajustements automatiques ou discrétionnaires lorsqu’il faut faire des arbitrages entre la durabilité financière, l’adéquation des services et des gains d’efficacité. Ce rapport examine la viabilité des institutions sociales et leur capacité à absorber et à faire face aux chocs à court terme et aux tendances de long terme par le partage des risques et le lissage des dépenses, en se concentrant sur les régimes de retraite, de soins de santé et d'assurancechômage.

Suggested Citation

  • Falilou Fall & Debra Bloch & Peter Hoeller & Jon Pareliussen & Mauro Pisu, 2014. "Vulnerability of Social Institutions," OECD Economic Policy Papers 11, OECD Publishing.
  • Handle: RePEc:oec:ecoaab:11-en
    DOI: 10.1787/5jz158r4q0zn-en
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    File URL: https://doi.org/10.1787/5jz158r4q0zn-en
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    Citations

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    Cited by:

    1. Henrik Braconier & Giuseppe Nicoletti & Ben Westmore, 2015. "Policy challenges for the next 50 years," OECD Journal: Economic Studies, OECD Publishing, vol. 2015(1), pages 9-66.
    2. Aida Caldera Sánchez & Morten Rasmussen & Oliver Röhn, 2016. "Economic Resilience: What Role for Policies?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-44, June.
    3. Falilou Fall, 2015. "The Robustness of Pension Systems: Lessons from the Crisis," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(2), pages 42-49, 08.
    4. Falilou Fall & Debra Bloch & Jean-Marc Fournier & Peter Hoeller, 2015. "Prudent debt targets and fiscal frameworks," OECD Economic Policy Papers 15, OECD Publishing.
    5. Christine Lewis & Patrice Ollivaud, 2020. "Policies for Switzerland’s ageing society," OECD Economics Department Working Papers 1600, OECD Publishing.
    6. repec:ces:ifodic:v:13:y:2015:i:2:p:19170021 is not listed on IDEAS
    7. Falilou Fall, 2015. "The Robustness of Pension Systems: Lessons from the Crisis," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(02), pages 42-49, August.

    More about this item

    Keywords

    assurance chômage; health care; pension scheme; protection sociale; retraite; santé; social protection; unemployment insurance;
    All these keywords.

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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