The impact of child SSI enrollment on household outcomes

We use data from the Survey of Income and Program Participation (SIPP) to investigate the impact that child Supplemental Security Income (SSI) enrollment has on household outcomes, including poverty, household earnings, and health insurance coverage. The longitudinal nature of the SIPP allows us to control for unobserved, time‐invariant differences across households by measuring outcomes in the same household in the months leading up to and immediately following the first reporting of child SSI income. Our regression analyses demonstrate that for every $100 increase in household SSI income, total household income increases by roughly $72, reflecting some modest offset of other transfer income and conditional household earnings. Our analyses further demonstrate that child SSI enrollment is associated with a statistically significant and persistent reduction in the probability that a child lives in poverty of roughly 11 percentage points. Additional analyses suggest that program enrollment has virtually no impact on health insurance coverage because most new SSI recipients have health insurance from Medicaid or another source at the time of enrollment. © 2007 by the Association for Public Policy Analysis and Management     

The impact of parental homeownership on children's outcomes during early adulthood

Abstract

Whether children benefit from being raised in a home owned by their parents has important policy implications and has been the topic of much scholarly debate. We match Panel Study of Income Dynamics data with census tract data to examine the impact of childhood experiences on adult outcomes for children followed over three decades. This allows us to document a wide range of characteristics.

For children born between 1968 and 1974, we analyze data on their first 18 years and also various outcomes when they are between 25 and 31 in 1999. We control for a comprehensive set of observable parental characteristics and develop a method to control for unobservable child characteristics together with an instrumental variable for the remaining selection problems. Parental homeownership status and children's college education and home‐ownership status are closely related, although the former is generated partially by the greater residential stability associated with homeownership.     

The impact of within-party and between-party ideological dispersion on fiscal outcomes: evidence from Swiss cantonal parliaments

The impact of the fragmentation of executive and legislative bodies on the level and composition of government expenditure is a feature of politics that has attracted considerable attention from economists. However, previous authors have abstracted from two important concepts: ideology and intra-party politics. In this paper, we account for these two phenomena explicitly, and make two main contributions. First, we show that both intra- and inter-party ideological dispersion matter in explaining the level of sub-national public spending. Therefore, it is improper to consider parties as monolithic entities. We also show that ideological dispersion matters especially for current expenditures, and not so much for investment expenditures. To do so, we construct a panel database (2003–2010) comprising data from a survey that quantifies the policy preferences of party members who were candidates in Swiss elections.     

The UK Brexit vote and its potential strategic impact

The United Kingdom's 'Leave' camp is mounting a strident and emotive campaign for the UK's departure from the European Union, and has gained significant popular traction. 'Brexit' would pose serious economic and political risks to the UK and significantly diminish the EU's size and clout. The 'Remain' camp will need to work hard to mobilise voters and put across the EU's benefits more effectively to prevent Brexit.     

我国生态文明建设的困境对社会治理的影响

生态文明既是人类文明进步发展的新样态,同时又与物质文明、政治文明、精神文明共同构成文明的基本要素。改革开放以来,我国生态文明建设在理论和实践方面都取得了一定进展,但是仍然存在着生态资源管理不当、环境治理地区性差异等问题。生态文明的困境会引发环境事件、政府认同危机与国际政治冲突。因此,为减小消极影响、扩大积极影响,需要发挥各级政府、社会团体和社会舆论的综合性力量,推动中国生态文明建设与社会治理齐头并进,取得新突破。     

Corruption in public policy and its impact on development: The case of Uganda since 1979

This paper argues that corruption is a product of self-aggrandizement; of unrealistically low remuneration which makes it impossible for public servants to live within their legitimate means; and of a closed political system which inevitably tends to exclude aggregated interests'. Corruption leads to loss of much needed revenue and human talent for development, distorts priorities for public policy, and shifts scarce resources away from the public interest. The mutual distrust that results among the different sections of society, and the growth of despondency in the general public, are incompatible with the requirements for successful public policy. The main theme running through the paper is that political instability, corruption and underdevelopment are mutually reinforcing. The paper finally outlines certain measures that need to be taken in order to clear the path for sustained growth and development.     

Property rights and unemployment insurance reserves

Unemployment insurance (UI) laws have recently come under considerable criticism for fostering employment disincentives. Imperfections in the experience rating tax schedule has been the primary causal factor behind most of these allegations. In particular, the insurance subsidies created by the tax schedule have been blamed for distorted labor markets and for increased layoffs.This article proposes that a property rights system be established for UI reserves which would enable a firm with an unemployment insurance reserve surplus to lend voluntarily to a firm in need of reserves. Such a system would allocate reserves more efficiently and eliminate some of the disincentives effects of the current unemployment insurance scheme. A property rights system would be a second best solution to perfecting the present unemployment insurance system and making it actuarially sound. However, assigning rights to UI reserves can be implemented without challenging the special interests of the politically dominant industries that have been responsible for maintaining the imperfections in the UI system for 50 years.     

Catastrophe risk,insurance and terrorism

This article empirically investigates how the terrorist activity of September 11, 2001, was addressed by the insurance industry and government in the United States. It shows that the insurance system worked reasonably well in compensating losses suffered, albeit with various tribulations. It also demonstrates that the insurance industry, along with government as the ultimate risk manager, imaginatively reconfigured markets to continue terrorism insurance coverage in many contexts. The findings challenge many of Ulrich Beck’s contentions about catastrophe risks and insurability. At the same time, they indicate the fragility of the insurance system. Insurers’ perceptions and decisions about uncertainty – with potential for windfall profits as well as catastrophic losses – create crises in insurance availability and promote new forms of inequality and exclusion. Hence, while the insurance industry is a central bulwark against uncertainty, insurers can also play a key role in fostering it.     

传统政治合法性意识的近代转型及其影响

近代中国政治意识中的合法性理念是近代中国内忧外患形势下的产物。它的产生,极大地影响了近代中国的政治格局与社会发展,从而加速了中国现代化的进程。但由于传统社会的浸淫,近代中国政治意识合法性理念仍不可避免地夹杂着传统的烙印,这又在一定程度上延缓了中国现代化的进程。     

The savings and loan insurance mess

He is author of The Gathering Crisis in Federal Deposit Insurance;and The S&L Insurance Mess: How Did It Happen?     

论保险公司应收保费风险的成因与对策

近年来,随着金融危机的蔓延以及我国保险业的快速发展,由于保险公司自身、保险中介机构、客户等原因造成的保险公司应收保费急剧增加,直接影响着保险公司的现金流及财务稳定性,其潜在危害很大,已引起保险监管机构和各保险公司的高度关注。认真分析应收保费风险的成因及危害,采取有效措施,防范风险,具有重要的现实意义。     

Labour mobility and decision making on social insurance in an integrated market

In a two-country model the consequences of labour mobility on social insurance levels are studied. There are two groups of workers, one with a high risk and the other one with a low risk of being nonemployed. In both countries the decision-making function on social insurance is some weighted average of the expected utilities of both groups. In case low-risk workers are much more mobile than high-risk workers, it can be concluded that labour mobility does not necessarily have a downward effect on social insurance. In that case coordination of decision making would not improve the levels of social insurance.     

Big expectations, small outcomes: The impact of leaders' personal appeal in the 2004 Greek election

The 2004 Greek election provides an interesting case study for examining the impact of party leaders on the vote. A change in governing party leadership a few months before polling day had two important implications. First, it generated a highly favourable context for the emergence of decisive leadership effects. Second, it made it feasible to grasp empirically how voters form their evaluations of new leaders. Regarding the first question, the findings indicate that even in the most favourable environment the impact of leadership evaluations on the overall electoral outcome is only slight. Regarding the second, it seems that the change of leader at the start of an election campaign can be a mixed blessing. Whereas it can help a party to divert media and public focus from other less favourable issues, the party pays a corresponding price when its new leader has to learn the job in the full glare of an election campaign.     

Actuarial status of the HI (hospital insurance) and SMI (supplementary medical insurance) Trust Funds

This article is adapted from the 1987 Annual Reports of the Medicare Board of Trustees. It presents a summary of the current financial and actuarial status of the Hospital Insurance (HI) and Supplementary Medical Insurance (SMI) Trust Funds. The Board found that the present financing schedule for the HI program is sufficient to ensure the payment of benefits over the next 12-14 years if the intermediate (II-A and II-B) assumptions underlying the estimates are realized. Although steps have been undertaken to reduce the rate of growth in payments to hospitals, the Board urges Congress to take remedial measures to bring future HI program costs and financing into balance. The Board found the SMI program to be actuarially sound but recommends that Congress take action to curtail the rapid growth in that part of Medicare.