Different approaches for dealing with social security

Article Abstract:

The 1995 Trustees' Report of the Advisory Council on Social Security proposes three ways of dealing with financial balance while preserving the popularity of the social security programs. The approachs proposes diverse ways of increasing national savings by investing Social Security funds in the equity market. Each approach focuses on diverse features of Social Security such as tax increase on security benefits, small or large-scale individual accounts and personal security accounts. A comparison of the money's worth ratio of the three proposals for workers born in the post-1960s period is discussed.

Methods, Reports, Social security, Financial management, Cost of living adjustment, United States. Advisory Council on Social Security

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Are efficiency and equity in school finance substitutes or complements?

Article Abstract:

Efficiency and equity in a school finance system complement each other. Allocative efficiency is concerned with education and productive efficiency with its cost. Equity provides equal standards without taking family background or income into account. Fiscal spillovers, which finance education for the poor, and human capital spillovers are arguments for centralized school finance. The best solution for problems related to students from disadvantaged backgrounds and to low student performance is a categorical voucher system.

Management, Finance, Education, Educational equalization, Equal education

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Distinguished lecture on economics in government - setting national priorities: 1992

Article Abstract:

There are two reasons behind the setting of priorities in the allocation of federal budget funds in 1992. One is the collapse of the USSR. This paves the way for the reallocation of defense funds to other worthwhile projects. Second is the US economic recession. Many of the short-term policies meant to combat the recession are in conflict with the federal government's long-term goals. The setting of budget priorities means that defense funds can be reallocated to those departments that need more funds.

Planning, Budget, Budgeting, Budgets, Expenditures, Public, Public expenditures

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