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Yung-Ping Chen
Yung-Ping Chen (November 24, 1930 – May 10, 2022) was an American economist and gerontologist of Chinese origin. He pioneered the concept of home equity conversion (reverse mortgages) in the United States and developed innovative approaches to the funding of Social Security benefits and long-term care. His scholarship contributed to a better understanding of the economic, political, and social implications and challenges created by the "mass aging" phenomenon—the ongoing and unprecedented shift to an increasingly elder-populated society. Biography Born in Jingjiang, Jiangsu Province, China, Chen went to the United States for graduate school in 1955 and remained there to teach economics and gerontology for 50 years. He retired in 2009. He was married and had three children and six grandchildren. A graduate of National Taiwan University in Taipei, he received his M.A. and Ph.D. in economics at the University of Washington, Seattle. He was professor emeritus of gerontolog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jingjiang
Jingjiang () is a county-level city under the administration of Taizhou, Jiangsu province, China. It is located on the northern (left) bank of the Yangtze River, and is the southernmost part of Taizhou City, bordering Nantong to the northeast, Suzhou to the southeast, Wuxi to the south, Changzhou to the southwest, and Zhenjiang to the west. The area of Jingjiang is 655.6 square kilometres and the population was 663,408 at the 2020 census. History The modern terrain of Jingjiang originated as a sandbank in the Yangtze River known as Matuosha. After the shoal was extended, it was separated from Jiangyin county to form a new county in 1471. After being looted by Wokou several times, it was designated Jiangjiang, meaning "pacifying the Yangtze River". The county was administered by the prefecture-level city of Yangzhou until 1993, when it was converted to a county-level city. It was then transferred to Taizhou in 1996. Geography The Yangtze previously split into northern and south ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taipei
, nickname = The City of Azaleas , image_map = , map_caption = , pushpin_map = Taiwan#Asia#Pacific Ocean#Earth , coordinates = , subdivision_type = Country , subdivision_name = Taiwan , established_title = Settled , established_date = 1709 , established_title1 = Renamed Taihoku , established_date1 = 17 April 1895 , established_title2 = Provincial city (Taiwan), Provincial city status , established_date2 = 25 October 1945 , established_title3 = Retreat of the government of the Republic of China to Taiwan, Provisional national capital , established_date3 = 7 December 1949 , established_title4 = Reconstituted as a Yuan-controlled municipality , established_date4 = 1 July 1967 , capital_type = City seat , capital = Xinyi District, Taipei, Xinyi District , largest_settlement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Assistance
Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. pensions), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and public housing.''The New Fontana Dictio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Equity
Home equity is the homeowner’s financial interest in their property, calculated as the difference between the property's current market value and the total outstanding balances of all loans secured by the home. In the United States, it is a major source of wealth accumulation with the majority of middle class wealth being held in home equity which totals over $35 trillion overall. Definition and function Home equity is defined as the market value of a homeowner's unencumbered interest in their real property, that is, the difference between the home's fair market value and the outstanding balance of all liens on the property. It is summarized by the accounting identity, ''value'' − ''debt'' = ''equity.'' In economics, ''home equity'' is sometimes called real property value. Homeowners acquire equity in their home from two sources. They purchase equity with their down payment and the principal portion of any payments they make against their mortgage. Definitionally, thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Distribution
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity. The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to the International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income." For rankings regarding wealth, see list of countries by wealth equality or list of countries by wealth per adult. Definition of wealth Wealth of an individual is defined as net worth, expressed as: wealth = assets − liabilities A broader definition of wealth, which is rarely used in the measurement of wealth inequality, also includes human capital. For example, the United Nations definition of '' inclusive wealth'' is a monetary measure whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Distribution
In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world. About Classical economists such as Adam Smith (1723–1790), Thomas Malthus (1766–1834), and David Ricardo (1772–1823) concentrated their attention on factor income-distribution, that is, the Distribution (economics), distribution of income between the primary factors of production (Land (economics), land, Labour economics, labour and Capital (economics), capital). Modern economists have also addressed issues of income distribution, but have focused more on the distribution of income across individuals and households. Important theoretical and policy concerns include the balance between income inequality and economic growth, and their often inverse relati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Insurance
Social insurance is a form of Social protection, social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of Welfare spending, social assistance, individuals' claims are partly dependent on their contributions, which can be considered insurance premiums to create a common fund out of which the individuals are then paid benefits in the future. Types of social insurance include: * Universal health care, Public health insurance * Social Security (United States), Social Security * Unemployment Insurance, Public Unemployment Insurance * Public auto insurance * Parental leave, Universal parental leave Features * The contributions of individuals is nominal and never goes beyond what they can afford * the Social welfare, benefits, eligibility requirements and other aspects of the program are defined by statute; * explicit provision is made to account for the incom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Insurance
Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded by Ringo Sheena * "Private" (Vera Blue song), from the 2017 album ''Perennial'' Literature * ''Private'' (novel), 2010 novel by James Patterson * ''Private'' (novel series), young-adult book series launched in 2006 Film and television * ''Private'' (film), 2004 Italian film * ''Private'' (web series), 2009 web series based on the novel series * ''Privates'' (TV series), 2013 BBC One TV series * Private, a penguin character in ''Madagascar'' Other uses * Private (rank), a military rank * ''Privates'' (video game), 2010 video game * Private (rocket), American multistage rocket * Private Media Group, Swedish adult entertainment production and distribution company * ''Private (magazine)'', flagship magazine of the Private Media Gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk-pooling
A risk pool is a form of risk management that is mostly practiced by insurance companies, which come together to form a pool to provide protection to insurance companies against catastrophic risks such as floods or earthquakes. The term is also used to describe the pooling of similar risks within the concept of insurance. It is basically like multiple insurance companies coming together to form one. While risk pooling is necessary for insurance to work, not all risks can be effectively pooled in a voluntary insurance bracket unless there is a subsidy available to encourage participation. In supply chain management Risk pooling is an important concept in supply chain management. Risk pooling suggests that demand variability is reduced if one aggregates demand across locations because as demand is aggregated across different locations, it becomes more likely that high demand from one customer will be offset by low demand from another. The reduction in variability allows a decreas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Sector
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, public infrastructure, public transit, public education, along with public health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis. Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the economic sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White House Conference On Aging
White is the lightest color and is achromatic (having no chroma). It is the color of objects such as snow, chalk, and milk, and is the opposite of black. White objects fully (or almost fully) reflect and scatter all the visible wavelengths of light. White on television and computer screens is created by a mixture of red, blue, and green light. The color white can be given with white pigments, especially titanium dioxide. In ancient Egypt and ancient Rome, priestesses wore white as a symbol of purity, and Romans wore white togas as symbols of citizenship. In the Middle Ages and Renaissance a white unicorn symbolized chastity, and a white lamb sacrifice and purity. It was the royal color of the kings of France as well as the flag of monarchist France from 1815 to 1830, and of the monarchist movement that opposed the Bolsheviks during the Russian Civil War (1917–1922). Greek temples and Roman temples were faced with white marble, and beginning in the 18th century, wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
