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Welfare's Effect On Poverty
The effects of social welfare on poverty have been the subject of various studies. Studies have shown that in welfare states, poverty decreases after countries adopt welfare programs.Lane Kenworthy, Kenworthy, L. (1999)Do social-welfare policies reduce poverty? A cross-national assessment ''Social Forces, 77''(3), 1119–39. Empirical evidence suggests that taxes and transfers considerably reduce poverty in most countries whose welfare states commonly constitute at least a fifth of GDP.Zachary A. Goldfarb (9 December 2013) ''The Washington Post.'' Retrieved 15 January 2015.Lane Kenworthy, Kenworthy, Lane (February 2014)America's Social Democratic Future ''Foreign Affairs.'' Retrieved 8 February 2014. See also: Lane Kenworthy, Kenworthy, Lane (2014). ''Social Democratic America.'' Oxford University Press. In 2013, the Organisation for Economic Co-operation and Development asserted that welfare spending is vital in reducing the ever-expanding global economic inequality, wealth gap.< ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Antipoverty Effect Of Government Spending Vector Graph
''The'' () is a grammatical Article (grammar), article in English language, English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the Most common words in English, most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourg Income Study
LIS Cross-National Data Center, formerly known as the Luxembourg Income Study (LIS), is a non-profit organization registered in Luxembourg which produces a cross-national database of micro-economic income data for social science research. The project started in 1983 and is headquartered in Luxembourg. The database includes over 300 datasets from about 50 high- and middle-income countries, with some countries represented for over 30 years. Nationally representative household income survey data is commonly, though not exclusively, provided by the participant country's national statistics collection agency (e.g. Statistics Canada; the Australian Bureau of Statistics). These and other agencies make annual financial contributions which support the database production and maintenance. The LIS database contains anonymised demographic, income, labour market, and expenditure information at two different levels of analysis (household and persons). The data have, as far as is practical, been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Research On Poverty
Research is "creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness to controlling sources of bias and error. These activities are characterized by accounting and controlling for biases. A research project may be an expansion on past work in the field. To test the validity of instruments, procedures, or experiments, research may replicate elements of prior projects or the project as a whole. The primary purposes of basic research (as opposed to applied research) are documentation, discovery, interpretation, and the research and development (R&D) of methods and systems for the advancement of human knowledge. Approaches to research depend on epistemologies, which vary considerably both within and between humanities and sciences. There are several forms of research: scientific, humanities, artistic, economic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Trap
The welfare trap (or unemployment trap or poverty trap in British English) theory asserts that taxation and welfare systems can jointly contribute to keep people on social insurance because the withdrawal of means-tested benefits that comes with entering low-paid work causes there to be no significant increase in total income. According to this theory, an individual sees that the opportunity cost of getting a better paying job is too great for too little a financial return, and this can create a perverse incentive to not pursue a better paying job. Different definitions The term used for this concept varies depending on country. In the United States, where government benefit payments are colloquially referred to as "welfare", the welfare trap often indicates that a person is completely dependent on benefits, with little or no hope of self-sufficiency. The welfare trap is also known as the ''unemployment trap'' or the ''poverty trap'', with both terms frequently being used interch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. Attempting to apply the principles of welfare economics gives rise to the field of public economics, the study of how government might intervene to improve social welfare. Welfare economics also provides the theoretical foundations for particular instruments of public economics, including cost–benefit analysis, while the combination of welfare economics and insights from behavioral economics has led to the creation of a new subfield, behavioral welfare economics. The field of welfare economics is associated with two fundamental theorems. The first states that given certain assumptions, competitive markets produce ( Pareto) efficient outcomes; it captures the logic of Adam Smith's invisible hand. The second states that given further restrictions, any Pareto efficient outcome can be supported as a competitive market equilibrium. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Involuntary Unemployment
Involuntary unemployment occurs when a person is unemployed despite being willing to work at the prevailing wage. It is distinguished from voluntary unemployment, where a person refuses to work because their reservation wage is higher than the prevailing wage. In an economy with involuntary unemployment, there is a surplus of labor at the current real wage. This occurs when there is some force that prevents the real wage rate from decreasing to the real wage rate that would equilibrate supply and demand (such as a minimum wage above the market-clearing wage). Structural unemployment is also involuntary. Economists have several theories explaining the possibility of involuntary unemployment including implicit contract theory, disequilibrium theory, staggered wage setting, and efficiency wages. The officially measured unemployment rate is the ratio of involuntary unemployment to the sum of involuntary unemployment and employment (the denominator of this ratio being the total labor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Criticisms Of Welfare
The modern welfare state has been criticized on economic and moral grounds from all ends of the political spectrum. Many have argued that the provision of Taxation, tax-funded Service (economics), services or transfer payments reduces the incentive for workers to seek employment, thereby reducing the need to work, reducing the rewards of work and exacerbating poverty. On the other hand, Socialism, socialists typically criticize the welfare state as championed by Social democracy, social democrats as an attempt to legitimize and strengthen the Capitalist mode of production (Marxist theory), capitalist economic system which conflicts with the socialist goal of replacing capitalism with a Socialist mode of production, socialist economic system. Conservative criticism In his 1912 book ''The Servile State'', Anglo-French poet and social critic Hilaire Belloc, a devout Roman Catholic, argued that capitalism was inherently unstable, but that attempts to amend its defects through ever ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basic Income
Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive an unconditional transfer payment, that is, without a means test or need to work. It would be received independently of any other income. If the level is sufficient to meet a person's basic needs (i.e., at or above the poverty line), it is sometimes called a full basic income; if it is less than that amount, it may be called a partial basic income. No country has yet introduced either, although there have been numerous pilot projects and the idea is discussed in many countries. Some have labelled UBI as utopian due to its historical origin. There are several welfare arrangements which can be considered similar to basic income, although they are not unconditional. Many countries have a system of child benefit, which is essentially a basic income for guardians of children. Pension may be a basic income for retired persons. There are also quasi-basic income p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War On Poverty
The war on poverty is the unofficial name for legislation first introduced by United States President Lyndon B. Johnson during his State of the Union address on January 8, 1964. This legislation was proposed by Johnson in response to a national poverty rate of around nineteen percent. The speech led the United States Congress to pass the Economic Opportunity Act, which established the Office of Economic Opportunity (OEO) to administer the local application of federal funds targeted against poverty. The forty programs established by the Act were collectively aimed at eliminating poverty by improving living conditions for residents of low-income neighborhoods and by helping the poor access economic opportunities long denied from them. As a part of the Great Society, Johnson believed in expanding the federal government's roles in education and health care as poverty reduction strategies. These policies can also be seen as a continuation of Franklin D. Roosevelt's New Deal, which ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Household Income In The United States
Household income is an economic standard that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country. It is commonly used by the United States government and private institutions to describe a household's economic status or to track economic trends in the US. A key measure of household income is the median income, at which half of households have income above that level and half below. The U.S. Census Bureau reports two median household income estimates based on data from two surveys: the Current Population Survey (CPS) and the American Community Survey (ACS). The CPS is the recommended source for national-level estimates, whereas the ACS gives estimates for many geographic levels. According to the Current Population Survey, CPS, the median household income was $63,179 in 2018. According to the ACS, the U.S. median household income in 2018 was $61,937. Estimates for previous years are given in terms of real income, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relative Poverty Rates Before And After The Introduction Of Welfare
Relative may refer to: General use *Kinship and family, the principle binding the most basic social units society. If two people are connected by circumstances of birth, they are said to be ''relatives'' Philosophy *Relativism, the concept that points of view have no absolute truth or validity, having only relative, subjective value according to differences in perception and consideration, or relatively, as in the relative value of an object to a person *Relative value (philosophy) Economics *Relative value (economics) Popular culture Film and television * ''Relatively Speaking'' (1965 play), 1965 British play * ''Relatively Speaking'' (game show), late 1980s television game show * ''Everything's Relative'' (episode)#Yu-Gi-Oh! (Yu-Gi-Oh! Duel Monsters), 2000 Japanese anime ''Yu-Gi-Oh! Duel Monsters'' episode *'' Relative Values'', 2000 film based on the play of the same name. *''It's All Relative'', 2003-4 comedy television series *''Intelligence is Relative'', tag line for t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Absolute Poverty Rates Before And After The Introduction Of Welfare
Absolute may refer to: Companies * Absolute Entertainment, a video game publisher * Absolute Radio, (formerly Virgin Radio), independent national radio station in the UK * Absolute Software Corporation, specializes in security and data risk management * Absolut Vodka, a brand of Swedish vodka Mathematics and science * Absolute (geometry), the quadric at infinity * Absolute (perfumery), a fragrance substance produced by solvent extraction * Absolute magnitude, the brightness of a star * Absolute value, a notion in mathematics, commonly a number's numerical value without regard to its sign *Absolute temperature, a temperature on the thermodynamic temperature scale * Absolute zero, the lower limit of the thermodynamic temperature scale, -273.15 °C * Absoluteness in mathematical logic Music * Absolute (production team), a British music writing and production team * Absolute (record compilation), a brand of compilation albums from EVA Records * ''Absolute'' (Aion album), 1994 * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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