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EXAM 1, El Scruggs
| Question | Answer |
|---|---|
| Social Policy | Authoritative policy aimed at well being and quality of life |
| Life chances | Equality, opportunities and accessibility of resources |
| Markets set the distribution | How you earn and what you get |
| Other institutions of distribution | Unions, Families, Employers |
| Why welfare state | Capacity, impartialness, and efficiency |
| Education & workforce | Childcare, student loans, work programs |
| Health | Medicare, medicare, CHIP, ACA |
| Income support | Social security, TANF, CTC |
| Nutrition | SNAP, WIC, Free Lunch, Breakfast |
| Shelter | Section 8 |
| Entitlement | A huevo |
| Recession | Entitlements expand naturally because congress wants to keep job |
| Residence based | How long and where you live, country |
| Contribution based | How much you pitch |
| Targeted | use the head |
| Minimum Contribution pensions | Investment based or a cut check on wage |
| Pay-as-you-go | People in the system pay pensioners |
| Points contribution | Years + government criteria |
| Indexation | Done to combat retirement not going far because of inflation |
| Retirement age | Increases over time because medicine and technological advances |
| Primarily law, EU | North Star target EU countries try to reach |
| Secondary law | Country laws actually proposed and done within country |
| EU mogging the USA | Better: work-life balance, labor contracts, Paid leave, Child labor, unemployment |
| Ghent System | State voluntary subsidies with strong unions |
| Targeted programs | means, need, earned income, political points |
| State Corporatist | Compulsory, central bargaining (EU Way) |
| Comprehensive | Compulsory, paying into system, USA, CAN, UK |
| Early Development | Great Depression and socialist flank pressures |
| WW2-1973 | Welfare state did well until oil shock because people remembered the state was supposed to do better |
| Unemployment and Labor supply | Picky population with job selection or higher wages |
| Macroeconomics of UI | Stabilizing force |
| Why compare | Different morals for different folks and most bang for buck |
| Policy design | Process, rules, and structure |
| What counts as doing well | Resources, Capabilities, Satisfaction| Which you choose is a choice, but be consistent |
| Resources | Income, employment, housing, schooling, the social spending method |
| Capabilities | What people are able to do with what they are given/have |
| Satisfaction | How content people are with their lives |
| Social Spending | MUST be compulsory and governmental| Democracies tend to spend more here| Grows from 1930-1970, flattened in world| Socialists pressure |
| Resource redistribution | Taxes and transfers |
| Social Insurance | Guards agains risks| UI, Pensions, Health Insurance, Accidental injuries, Family |
| UI FAX, USA | % of your paycheck, laid off or injured, States and strokes, Max of 26 weeks in most states, Must be looking for work |
| Access to Health care | Affordability and Accessibility |
| Care process | Prevention, satisfaction, safety, coordination, patient engagement and participation |
| Administrative efficiency | Paper work and hoops |
| Equity | Health disparity between bottom fourth and top fourth |
| Health outcomes | Deaths due to preventable diseases |
| Why the USA sucks dick | Prescriptions, lack of quality, high administration costs, and overall expense of doctor visit for prevention |
| Ball knowledge 1 | USA spends $4,531 more per capita on in/out patient care |
| Mechanisms of social policy | Regulating economy, redistribution of material resources, direct provision of services |
| Family ball knowledge | Education, child benefits, parental leave |
| Distributional elements | Gini Coefficient, inequality, universalism, targeted, deservingness, Progressive, regressive, life-cycle |
| Deservingness | Who really needs it and why |
| Progressive | The more you have the more you get |
| Regressive | The less you have the more you get |
| Life-cycle | Pensions because everyone gets old |
| Why the state and Pensions | Market failure and a good society |
| Market failure | People under-save and annuities benefit those who act early |
| Good society | Old age is universal and consumption flow is cool cuz people want to retire anyways |
| Pension's two jobs | Poverty prevention and Consumption Smoothing |
| Poverty Prevention | Moral argument, flat or means-tested |
| Consumption smoothing | Efficiency argument, lets people live well enough |
| Three tiers of pensions | Mandatory, earning-related, and voluntary |
| Defined benefit | The sponsor and who manages it for you |
| Defined contribution | Everything is on you |
| Funded | Assest and pool of money people get in a country |
| Notional accounts | governmental individuals account with incentives to save |
| Replacement rates | How much money goes in and how the payout is paid for in |
Created by:
mrmonkey14