Social Security: Protection from Poverty in Old Age and Unemployment

Donald Stabile

Chapter Chapter 5 in The Political Economy of a Living Wage, 2016, pp 161-199 from Palgrave Macmillan

Abstract: 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.

Keywords: Social Security; Social Insurance; Federal Government; Unemployment Insurance; Pension Plan (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psichp:978-3-319-32473-9_5

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DOI: 10.1007/978-3-319-32473-9_5

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