In a stochastic economy with overlapping generations, fiscal policy affects the allocation of aggregate risks. The paper shows how to compute the welfare effects of marginal policy changes that shift risk across cohorts, in general and for an application to social security equity investments. I estimate the relevant correlations between macroeconomic shocks and equity returns from 1874-1996 U.S...

This paper examines the efficacy of the current system of public foodgrains management and policies in promoting food security in the country. It argues that the system has outlived its usefulness, and that continuing with the same only stifles growth in foodgrains, with very little welfare benefits to the poor. The paper then presents a series of suggestions for reforming and modernizing the f...

This paper considers the potential effects of the government's Welfare to Work policy on general practitioner (GP) working patterns, and aims to explore the relationship between unemployment, ill health, and GP sickness certification. Social security and employment policy initiatives are discussed in relation to the literature on the relationship between unemployment and ill health, sociologica...

T HE public welfare agencies of all 53 States administered funds for child welfare services under the Social Security Act during the year ended June 30, 1952, when more than $113 million was spent for services. The total, which is an estimate based on reports received by the Children’s Bureau from 45 of the 53 State agencies, represents funds from Federal, State, and local sources. An estimated...

More important, perhaps, the Commission has ignored many of the issues set out in the terms of reference The report can be summarised very simply it believes that social welfare payments are too low and that taxes should be increased on public servants, the self-employed including farmers, and those with incomes over £14,700 per annum to pay for these increases It finds virtually nothing wrong ...

a r t i c l e i n f o Keywords: Japanese child welfare Mimamori Ibasho This paper illustrates a cultural–developmental approach to the study of child welfare. It describes in cultural context everyday socialization beliefs and practices through which Japanese child welfare workers attempt to support the well-being of maltreated children. Through repeated individual and focus group interviews, n...

As organizations increasingly deploy Inter-organizational Information Systems (IOS), the interdependent security risk they add is a problem affecting market efficiency. Connected organizations become part of entire networks, and are subject to threats from the entire network; but members’ security profile information is private, members lack incentives to minimize impact on peers and are not ac...