|
Rosser's Equation
In economics, Rosser's equation (named after J. Barkley Rosser, Jr.) calculates future US Social Security Administration Trust Fund balances and payments as the ratio of benefit payments in real terms for a given income level to be received the year after the Trust Fund would be exhausted, to those of the same income level for an initial year. Equation (''FRA''''ij''(''T'')/''FRA''''ij''(''t''))·100 where: :i\, refers to projection, :j\, is income level, :t\, is the initial year of an SSA report, :T\, is the time projected for exhaustion of the Trust Fund, and :FRA\, is the real benefit received by someone reaching full retirement age at ''t'' or ''T''. Usage Rosser's equation was used in Rosser (2005) to make calculations based on given reports and projections. The label was coined by Bruce Webb in 2010, picked up by others, with Webb declaring it as "something between an inside joke and a tribute to Prof. Barkley Rosser, Jr. of James Madison University James Mad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security Administration
The United States Social Security Administration (SSA) is an Independent agencies of the United States government, independent agency of the Federal government of the United States, U.S. federal government that administers Social Security (United States), Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the claimant's benefits are based on the wage earner's contributions. Otherwise benefits such as Supplemental Security Income (SSI) are given based on need. The Social Security Administration was established by the Social Security Act of 1935 and is codified in (). It was created in 1935 as the "Social Security Board", then assumed its present name in 1946. Its current leader is Kilolo Kijakazi, who serves on an acting basis. SSA offers its services to the public through 1,200 field offices, a website, and a national toll-free nu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Madison University
James Madison University (JMU, Madison, or James Madison) is a public research university in Harrisonburg, Virginia. Founded in 1908 as the State Normal and Industrial School for Women at Harrisonburg, the institution was renamed Madison College in 1938 in honor of President James Madison and then James Madison University in 1977. It is situated in the Shenandoah Valley, just west of Massanutten Mountain. History Founded in 1908 as a women's college, James Madison University was established by the Virginia General Assembly. It was originally called The State Normal and Industrial School for Women at Harrisonburg. In 1914, the name of the university was changed to the State Normal School for Women at Harrisonburg. At first, academic offerings included only today's equivalent of technical training or junior college courses, but authorization to award bachelor's degrees was granted in 1916. During this initial period of development, the campus plan was established and six bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equations
In mathematics, an equation is a formula that expresses the equality of two expressions, by connecting them with the equals sign . The word ''equation'' and its cognates in other languages may have subtly different meanings; for example, in French an ''équation'' is defined as containing one or more variables, while in English, any well-formed formula consisting of two expressions related with an equals sign is an equation. ''Solving'' an equation containing variables consists of determining which values of the variables make the equality true. The variables for which the equation has to be solved are also called unknowns, and the values of the unknowns that satisfy the equality are called solutions of the equation. There are two kinds of equations: identities and conditional equations. An identity is true for all values of the variables. A conditional equation is only true for particular values of the variables. An equation is written as two expressions, connected by an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
