Priavtising peace of mind
Article Abstract:
State pensions were first introduced in Prussia in 1889, and a British pension was launched in 1908. Social Security started in the US in the 1930s. There is a need for welfare reform as people live longer and are less poor, unemployment has risen, and more women are in paid work. The proportion of older people is also rising. High unemployment could be linked to unemployment benefit, and payments to mothers could encourage women to have children without the funds keep them. There is more scope for privatizing pensions than for health care where the market may not fulfil needs over a lifetime.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Not old against young, but rich against poor
Article Abstract:
Some claim that spending on social programs in the US is biased in favor of the elderly and against the young, but in fact, the inequities favor the wealthy of all ages against their less-prosperous counterparts. Nearly 90% of all federal benefits flow to citizens with middle or upper incomes.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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Democracy at a price
Article Abstract:
Improved healthcare, education and other social goods is not necessarily linked to the amount that governments spend. Especially since the 1960s, increases in government spending have been applied to controlling the market economy rather than improving social services.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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