By Robin Boadway, Baldev Raj
The research of public economics has gone through dramatic adjustments some time past twenty years. significant advancements in fiscal conception have revolutionized the topic and feature replaced the best way we view the position of presidency. the restrictions of data and associations have referred to as into query the power of the govt. to hold out a few of its conventional initiatives, yet have additionally ended in new tools and ways for facing the matter of financial coverage corresponding to the layout of the redistribution and tax approach. figuring out the significance of the industrial, behavioral and institutional constraints dealing with executive is important for comparing coverage thoughts. this is often eventually an empirical factor. This e-book of a symposium on empiricial public finance shows the richness and variety of empirical ways which have been used to make clear the issues of utilized public finance and its program.
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Among the younger nondisabled, the percentage married increased (with a consequent increase in the share of total family income contributed by the spouse), and, as some among this group retired, earnings fell as a percentage of family income and the share of family income accounted for by Social Security rose. The net effect on the relative economic status of the younger disabled was small. Although some convergence in percentage poor between the two groups is observed, mean income and income-to-needs ratio for this younger disabled group remained well below one-half of the mean level for the nondisabled.
Disabled men 37 each SSOI recipient, we compare the actual (post-Social Security) poverty rate (row iv) to these simulated poverty rates, which comparisons provide a measure of the extent to which Social Security benefits enable the population of disabled SSOI recipients who would be poor in the absence of Social Security benefits to escape poverty (row v). Table 5 presents these calculations for both the younger and older groups of disabled men. In 1982, shortly after these men first received SSOI benefits, the pre-Social Security poverty rate stood at about 66 percent for the younger group and 54 percent for the older group.
These patterns are accounted for by a) the rapid decrease in the earnings of the older cohort of men without disabilities as they and their spouses retired and withdrew from the labor force, substituting a lower level of transfer (largely, Social Security retirement) income for lost earnings, and b) the increase in marriage rates and early retirement income for the families of younger nondisabled men. • Because the increase in transfer income did not fully offset the earnings loss of the older nondisabled group, they recorded a decline in overall income and a doubling of the rate of poverty and near poverty.