September 5, 2017Mid- term is October 19th– will include everything up till then (now till section 5- inclusive)1 page short answer multiple choice every section there are 2 short answer one from lecture and one from readings Final exam – TBD same format cover material after the midterm – all material not covered by the midterm Welfare: different meanings oWell being (as in ‘welfare economics)oUS term for social assistance, i.e. social support of last resort for the poor o“supporting the standard of living of disadvantaged or vulnerable groups” (OECD def. of ‘social expenditures’) redistribution of resources by the government Welfare State: A form of government that is significantly involved in redistribution of resources and/or compulsory insurance in favour of the disadvantaged and vulnerable oPrograms that provide benefits (day care, social work support, health care) (insurance program) from the general taxation oPay into insurance programs through taxes premium oBUT:All governments redistribute compulsorily but in most historical casesmostly from the poor to the rich All societies have to deal with their disadvantaged and vulnerable groups somehow Welfare state redistribute from the vulnerable to the less vulnerable oHistorically, what were the welfare providers?1. (extended) family/ clan 2. religious community (charity) 3. State taking over these functions to a significant enough degree to talk about the welfare state only by the 1930s or ‘40s oSocial expenditures:pensions, health care, unemployment insurance, programs for sickness benefits, day care, parental leave, variety of social services provided by the state Private vs public oIn 2014, France spent 32% of its total GDP on publicsocial expenditures To the left higher spenders are the Scandinavian countries At the right (low end) poorer countries, double whammy needs the most help but cannot support Anglo Saxon countries are at the low end and bunch together Mixture of European countries in the middle
oWhat if you add private social expenditures with public?
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