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Pensions, and Retirement (1999)
| Content Provider | CiteSeerX |
|---|---|
| Author | Wise, David A. Svensson, Ingemar Palme, Mirten Gruber, Jonathan |
| Abstract | The social insurance system plays a very important role in the Swedish econ-omy. In 1994, benefits paid out by this system represented 20 percent of Swe-den's GDP, or about 32 percent of all public spending. Table 9.1 shows the size of the different parts of the social insurance system. From this table, it is appar-ent that the largest share of social insurance spending is directed toward indi-viduals who have permanently left the labor market, mostly older people. So-cial security spending consists of three main parts: the basic pension, the supplementary pension (ATP), and the partial retirement pension. The pay-ments from these systems amounted to 42.4, 55.3, and 1.3 percent, respec-tively, of total pension payments in 1994. The supplementary pension and the basic pension can be paid as an old age pension, a survivor pension, or a dis-ability pension. People who have permanently left the labor market in Sweden are largely dependent on payments from social security. On average, about 74 percent of the income of individuals older than age sixty-five consists of pay-ments from the social security system.' |
| File Format | |
| Publisher Date | 1999-01-01 |
| Access Restriction | Open |
| Subject Keyword | Labor Market Basic Pension Social Security Public Spending Important Role Total Pension Payment Main Part Old Age Pension Survivor Pension Swedish Econ-omy Social Insurance Spending Social Insurance System So-cial Security Spending Partial Retirement Pension Supplementary Pension Age Sixty-five Consists Different Part Social Security System Dis-ability Pension |
| Content Type | Text |
