POLY1000 Lecture Notes - Lecture 7: System On A Chip, Aust, Human Capital
Lecture 7 - Social Security
Review:
Which level of govt is responsible for delivering public hospitals?
State
What is the difference between health funding & expenditure - which level of govt has
the primary responsibility for these?
Funding - federal
distributes money for spending
expenditure - state
Spending + service delivery?
**EXAM example** What is meant by a two-tier system? explain if and how it
contributes to inequities within our society
public vs private
inequity:
not everyone can afford private health insurance
govt provides private health rebate
transfer from taxpayers -> more wealthy
Learning Objectives:
significance of soc security
Differentiate between soc insurance + soc assistance
goals of soc security
Key features of Aust soc sec system
Why do we need to know about soc sec policy?
Need to consider legal rights and obligations of recipients and consider values and
beliefs involved in contemporary system
Significance
central to the contract between individuals and the state in lib democratic societies
such as Aus
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major item of public expenditure
impact on overall income distribution
economic + social consequences - intended + unintended
social solidarity (inclusion + exclusion), education and training, care of children,
gender equality
Work incentives + labour supply, savings, human capital, public expenditure
Soc sec as a human right
UNDHR article 25 (1)
right to sec in the event of unemployment, sickness, disability, widowhood, old age, or
other lack of livelihood in circumstances beyond his control
Key Concepts
Social Protection
system of policies + programs to reduce poverty, disadvantage, exclusion,
vulnerability to soc and economic risks
includes benefits and other programs
e.g. full employment - maintaining jobs creation + security, efficient markets
e.g. retirement income
Social Security
same as above, but usually the benefits system
Types of benefit systems
Social Insurance
e.g. superannuation
based on insurance model
funded by people/employer contributions while working
gets distributed when risk arises
Paid relative to prior wage -> not really means-tested
Social Assistance
e.g. centrelink benefits
based on need
Funded by general revenue
means tested and other requirements to access
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Funding - federal distributes money for spending expenditure - state. Differentiate between soc insurance + soc assistance goals of soc security. Need to consider legal rights and obligations of recipients and consider values and beliefs involved in contemporary system. Work incentives + labour supply, savings, human capital, public expenditure. Undhr article 25 (1) (cid:1684)right to sec in the event of unemployment, sickness, disability, widowhood, old age, or other lack of livelihood in circumstances beyond his control(cid:1685) Social security same as above, but usually the benefits system. Social insurance e. g. superannuation based on insurance model funded by people/employer contributions while working gets distributed when (cid:1684)risk arises(cid:1685) Paid relative to prior wage -> not really means-tested. Social assistance e. g. centrelink benefits based on need. Funded by general revenue means tested and other requirements to access. Policy goals the weight given to each goal varies in accordance to dominant community values (e. g. self-reliance vs community responsibility)
