The Functions of Reserves in Old-Age Benefit Plans
Introduction, 615.— I. The insurance point of view, 616.— Four types of reserves, 618.— II. Reserves in existing old-age benefit plans: Germany, 622; Great Britain, 624; France, 626; Czechoslovakia, 627; United States of America, 628.— III. The budgetary point of view, 630.— The case of the full reserve, 631.— An alternative proposal, 633.— IV. The economic point of view, 635.— Changing effects of payroll taxes, 635.— Flexible pay-roll taxes, 638.