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List the risks against which the social security program provides insurance. In which of these instances do you think providing insurance affects?
For as many market failures as you can, describe an alternative program to the present system and explain its advantages and disadvantages over the present one.
Assume that you wanted to reduce inequalities in income. How would this affect patterns of educational expenditure?
Consider welfare program with benefits that decrease as an individual's income increases. Draw the individual's budget constraint with and without the subsidy.
If individuals are risk averse, why do they care more about large losses-that is?? What does this imply for the design of social insurance?
Calculate his total marginal tax rate. If he lives in California and faces an 11 percent state income tax, what is his marginal tax rate?
It has sometimes been suggested that the government should restrict the use of food stamps to healthy foods. Discuss the merits of this proposal.
Draw the individual's budget constraint with and without the subsidy (put labor on one axis, consumption on the other).
There have been proposals for more extensive use of government subsidies to help poor. Discuss the merits of private versus public provision of housing.
The government's paying a fixed dollar amount of housing allowance. Discuss the consequences for the family's expenditures on medicine; on food.
How would this affect the kind of welfare programs you might support or how you might design your welfare programs?
Why might you be more concerned with the reduced work effort of upper-income individuals compared to the increased work effort of lower-income individuals'.
What happens to employment and wages of unskilled workers? What happens to the unemployment rate?
Discuss the equity and efficiency arguments for providing college loans at subsidized interest rates.
List some characteristics of our educational institutions or outcome of our educational system that seem to be more consistent with screening view of education.
Why might you still expect expenditure per pupil to be lower in industrial centers than in the suburbs?
Discuss the trade-offs involved in deciding upon the appropriate level and form of decentralization/centralization within education.
To what extent should the principle of consumer sovereignty extend to parental rights to choose the amount and form of education for their children?
What evidence would you like to have to decide whether tracking is desirable? What are the tradeoffs?
explain why a poorer community is likely to spend less on education than a richer community. Whose indifference curve is relevant for the analysis?
List the various concerns about inadequacies of the U.S. educational system. Evaluate various reform initiatives in terms of the extent to which they address th
How your view concerning the tax treatment of children might be affected by whether you lived in a highly congested country or in an underpopulated country.
Discuss the appropriateness of (a) taxes on gasoline; (b) subsidies to public transportation; (c) the polluter pay principle.
How would this tax change affect total tax revenues? How would it affect the distribution of income?
Discuss the equity and efficiency consequences of doing this (consider alternative views of equity).