| |
| |
| |
Centre for Policy on Ageing | |
 | |
|
The fortune account
— the successor to social welfare | | Author(s) | Eamonn Butler, Madsen Pirie |
| Corporate Author | Adam Smith Institute |
| Publisher | Adam Smith Institute, London, 1995 |
| Pages | 29 pp |
| Source | Adam Smith Institute, 23 Great Smith Street, London SW1P 3BL. |
| Keywords | Social security [generally] ; Finance ; Pensions ; Social economics ; Social policy ; Chile ; Singapore. |
| Annotation | There is widespread doubt as to the sustainability of a welfare state built on the principles of universal entitlement and inter-generational transfers. The examples of pension reform in Chile and Singapore, and the issues for a funded welfare system in the UK are discussed. An alternative funded scheme is proposed. With the 'Fortune account', the benefits received by a person are for the most part the results of contributions made by that person, and which are paid for from those contributions. Although problems are recognised with any transition to a new scheme, the authors are of the view that the welfare state will have to be replaced by a less destructive alternative. |
| Accession Number | CPA-971007208 B |
| Classmark | TYA: WN: JJ: W4: TM2: 7WA: 7XD |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|
|