The Committee on Economic Security much preferred a "contributory" pension system (that is, one in which workers and employers paid in) over a "non-contributory" (that is, a government-based support) because: Non-contributive systems are more prone to corruption Contributory systems provided the same, universal benefits to all Contributory systems had a redistributive financial effect Workers had a "right" to recieve benefits from a contributory system in way that they did not have from a non-contributory system.

The Committee on Economic Security much preferred a "contributory" pension system (that is, one in which workers and employers paid in) over a "non-contributory" (that is, a government-based support) because: Non-contributive systems are more prone to corruption Contributory systems provided the same, universal benefits to all Contributory systems had a redistributive financial effect Workers had a "right" to recieve benefits from a contributory system in way that they did not have from a non-contributory system.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 15P

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consider the following two proposals to reform unemployment insurance. Explain the argument for and against each reform. (a) The insurance payment would be increased so that it replaced 100% of a worker's regular labor income for 26 weeks. (b) Each worker would be paid a lump sum equal to 10 weeks of his or her labor income at the start of the spell of unemployment. there would then be no other payments.
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Regulatory capture is more likely to occur when the regulatory agency has individual members who have the potential to be employed in the future by the industry they are involved in regulating. Select one: True False Which theory of regulation assumes that politicians are not neutral arbiters? a. Private-interest theory b. Public-interest theory c. Regulatory capture theory d. All assume that politicians are not neutral arbiters. The difference between the physical capital concept and the financial capital concept is that holding gains are included in profit under the physical capital concept. Select one: True False
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Both Republicans and Democrats believe income disparity should be the number one policy priority of the federal government. a. True b. False

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		Non-contributive systems are more prone to corruption
		Contributory systems provided the same, universal benefits to all
		Contributory systems had a redistributive financial effect
		Workers had a "right" to recieve benefits from a contributory system in way that they did not have from a non-contributory system.