Finland
104.7K views | +2 today
Follow
Finland
About Finnish society & culture. From snow to sauna, from natives to Nokia.
Curated by Ulla M. Saikku
Your new post is loading...
Your new post is loading...
Scooped by Ulla M. Saikku
Scoop.it!

The Life Account – a new nordic social security model - Reforminstitutet

The Life Account – a new nordic social security model - Reforminstitutet | Finland | Scoop.it

Increasingly countries around the world struggle to provide welfare and social security in world where high unemployment, an aging population and increasing expectations erode public finances. Over the past decades some of the most accomplished economists in the world, such as Josef Stiglitz and Martin Feldstein have identified a method for combining a safety net with a much lower marginal tax wedge. The Finnish think tank Libera has packaged these ideas into a clear and feasible proposal.

Libera’s Life account is a concrete model for transforming the current welfare state to a new version, 2.0. The life account is a form of a personal welfare account, which improves the incentives to work, employ and save. Compared with a conventional tax-transfer system, it reduces social insurance expenditure. The model allows to combine work income and social benefits, leaving the initial need testing to the individual. It reduces the tax wedge and allows for more flexible employment by households and individuals. The life account also encourages individual saving, financial planning and the accumulation of private wealth.

 Read the full report here. http://www.reforminstitutet.se/wp/wp-content/uploads/2013/12/Life-Account.pdf
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

TAMPERE (Finland), May 16th-17th, 2011: University of Tampere international workshop on “Universal Basic Income as a European Alternative” | Basic Income News

This day-long workshop discussed issues such as the “Philosophical Foundations of Justice and Basic Income,” “UBI in the Context of National Social Security and Employment Systems,” “Economics and Labour Market ...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Criminals may lose social benefits

Criminals may lose social benefits | Finland | Scoop.it

In the future, criminals in Finland could find themselves without social benefits. Those involved in organized crime may lose their entitlement to housing and unemployment benefit, among other allowances.

It is still not clear how officials would implement the new system, which would require the exchange of information between different authorities.

The matter is being investigated by a government-appointed working group, which should come up with a proposal by the end of the year.

more...
No comment yet.