POL 101 Lecture Notes - Lecture 4: Child Tax Credit, Canada Pension Plan, Market Failure
8 Sep 2016
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Market fails to preform expected functions or meet social expectations. Risks beyond control of individuals threaten society or group: historical debate about role & extent of state intervention in market (how much should we provide, there are different forms of welfare states and they change over time. Market failure & social risk - sometimes people just can not afford it and need help. 8 hour work week, expanded pensions and assistant to farmers. Social policy delivery: choices we make regarding how we solve problems and the consequences for equality & social justices. Tuesday, september 29, 2015: social programs can be administered universally or particularly. Universal programs: all citizens are entitled to programs regardless of income (i. e. health care) Particular or means tested: citizens must qualify for support, most often showing they fall below a certain income level. Example: osap - provides loans based on income of family.
