The Economics of Social Insurance and Employee Benefits

1. Front Matter

   Pages i-xiii

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2. Introduction and Economic Models

   1. Workers’ Benefits and Models of Worker Behavior

      • Richard J. Butler

      Pages 1-17

   2. History of Workers’ Benefits in the United States

      • Richard J. Butler

      Pages 19-37

   3. Health Benefits Costs: The Value of an Integrated Approach

      • Richard J. Butler

      Pages 39-54

   4. Human Capital

      • Richard J. Butler

      Pages 55-80

   5. Labor Supply Model Over Time: The Life Cycle Diagram

      • Richard J. Butler

      Pages 81-95

   6. Uncertainty, Risk Aversion, and the Demand for Insurance

      • Richard J. Butler

      Pages 97-117

3. Social Insurance

   1. Workers’ Compensation

      • Richard J. Butler

      Pages 119-151

   2. Social Sercurity Disability Insurance, ADA and Temporary Disability Insurance

      • Richard J. Butler

      Pages 153-168

   3. Unemployement Insurance

      • Richard J. Butler

      Pages 169-198

   4. Social Security: Retirement, Medicare, and Survivor Benefits

      • Richard J. Butler

      Pages 199-226

4. Employee Benefits

   1. Group Insurance: Regulation, Taxation and Funding

      • Richard J. Butler

      Pages 227-239

   2. Medical and Dental Expense Benefits

      • Richard J. Butler

      Pages 241-262

   3. Disability: Short and Long Term, Sick Leave and Long Term Care Insurance

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      Pages 263-274

   4. Group Life Insurance

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      Pages 275-283

   5. Retirement and Profit Sharing Plans

      • Richard J. Butler

      Pages 285-301

   6. Other Benefits

      • Richard J. Butler

      Pages 303-310

5. Back Matter

   Pages 311-346

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This book is intended for junior and senior undergraduate students, and master level students in human resources, risk management and insurance, industrial relations or public policy. The subject of the book is non-wage benefits paid to workers. Hence, it excludes discussion of needs-based programs such as welfare, food stamps, Supplementary Security Income, and Medicaid. It includes benefits mandated by the government including the major social insurance programs: workers' compensation, unemployment insurance and Social Security benefits. It also includes those benefits voluntarily provided by firms including: group medical care, disability benefits, paid sick time, pension benefits, life insurance, and assorted other fringe benefits. The book is divided into three parts. Part I (chapters 1 through 6) briefly introduces these programs and discusses some of the insurance and economic concepts that are useful in both evaluating the current programs, and in understanding what changes might mean for future costs and benefits. The next two parts of the book deal respectively with social insurance programs (Part II, chapters 7-10), and other employer provided benefits (Part III, chapters 11-16). Throughout, private sector human resource practice and public sector human resource policy is linked to various "ben~fit" models: the human capital model, the passive participant model, the insurance' model, the managed care model, and the integrated health benefits model.

• Change
• Human Capital
• management
• productivity
• risk management

• University of Minnesota, USA

  Richard J. Butler

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