ECO 2114 Study Guide - Midterm Guide: Negative Income Tax, Unemployment Benefits, Paparazzi
4 May 2016
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Income maintenance schemes: demogrant, social assistance, nit, ei, wc, c-c subsidy. Lr d for l / eq. cond. Scale & sub. effects (only for lr d) Ulc trends & 3 factors / comparison graph. Short-term dependency is fine, as these programs are designed to assist those who are temporarily down & out (provide "a safety net, not a hammock") Cpp, oas, gis: employment insurance (ei) Philip tran 1: social assistance (sa, workers" compensation & cppd. Various features: si programs separated into 2 categories, means-tested, universal. To claim benefits, one demonstrates an extreme state of financial distress. How one finds himself in such a situation is irrelevant, just the need be true. Premiums paid into an insurance fund not required, except paid income taxes sometimes to general revenues (as opposed to earmarked revenues), for which the mt programs are financed: insurable risk. To claim benefits, one demonstrates a loss of income due to an insurable risk specified in the si contract.
