References of "Gillingham, Robert"
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See detailAlternative ways of pricing and financing social insurance
Jousten, Alain ULg; Gillingham, Robert

in Frölich, Markus; Kaplan, David; Pagés, Carmen (Eds.) et al Social Security, Informal Sector, and Employment in Middle Income Countries: How to Protect Workers While Creating Good Jobs (2014)

Social insurance systems vary widely in terms of coverage of workers and risks, financing sources and the structure and generosity of benefits. The predominant source of financing for social insurance ... [more ▼]

Social insurance systems vary widely in terms of coverage of workers and risks, financing sources and the structure and generosity of benefits. The predominant source of financing for social insurance comes from “deductions” from payrolls. These deductions are typically categorized as either “taxes” or “contributions,” but they share the characteristics of both. Any analysis of how best to finance social insurance must thus start from an analysis of social insurance pricing: a decomposition of the insurance component (the true contribution) from the pure tax component (the true tax). Only then can an informed discussion about reforming financing mechanisms proceed. After reviewing the structure of social insurance financing and taxes in Latin America, this paper (1) discusses the problems with payroll financing of social insurance, (2) presents options for addressing these problems, (3) ties these problems to the level of informality, and (4) describes the challenges faced by policymakers in deciding how best to finance social insurance. [less ▲]

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Full Text
Peer Reviewed
See detailAlternative ways of financing social insurance in Latin America
Jousten, Alain ULg; Gillingham, Robert

Conference (2011, June)

Detailed reference viewed: 7 (2 ULg)