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- Title
EMPLOYMENT STABILIZATION THROUGH PAY ROLL TAXATION.
- Authors
Pribram, Karl
- Abstract
This article examines the relationship between problems involved in stabilizing employment and the imposition of an employer's payroll tax as a contributory device. The problem of redistribution of income is closely connected with the more fundamental problem of how to allocate economic responsibilities. The functioning of the present economic order is based on the principle of individual responsibility; this implies that the consequences of any event which occurs within the economic sphere of an individual are to be borne by that individual. Insurance has long been recognized as an appropriate means of transforming, in terms of actuarial devices, individual responsibilities into collective or group responsibilities. Social insurance differs from private insurance, not only by its compulsory features, but also by the fact that it reallocates economic responsibilities: the financial burden resulting from the task of meeting a social risk is shifted wholly or partly to factors other than the individuals exposed to the risk. This distribution of the contributions among several social factors is, consequently, based on definite normative conceptions formed with respect to the allocation of economic responsibilities.
- Subjects
PAYROLLS; TAXATION; EMPLOYMENT stabilization; INSURANCE; PERSONNEL management; FULL employment policies
- Publication
Quarterly Journal of Economics, 1942, Vol 57, Issue 1, p142
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1881817