Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Relationship between unemployment rate and new disability pensions in the US
Overview of the topic
Persistent high unemployment rates have remained a cause of great concern both in America and other developed nations, with US unemployment rates reaching a never-before-seen high since the 30’s Depression, in the mid-70’s – early-80’s period. But the years 1983-84 witnessed a renewed decline in unemployment rates (Reno & Price, 1985). In spite of unprecedented unemployment peaks in the course of the last ten years, employment rates have increased from the 1970 figure of 80.8 million labor force members to 102.5 million (1983) (Reno & Price, 1985). Cyclical disability insurance only cropped up in the disability insurance termination era of the early-to-mid 80s (Cutler, Meara, & Shubik, 2012).
Rationale for selecting the topic
Premature retirement with decreased actuarial benefits prior to 65 years of age first became available in the years 1961 (males) and 1965 (females) under the social security system. Ever since, no program modification has expanded premature retirement options. Females’ option of claiming benefits at 62 years of age was largely prompted by concerns for expanding benefits and covering married females usually not sufficiently old...
While the United States Congress realized the fact that older females had limited job opportunities, this change wasn’t essentially a reaction to the unemployment issue (Reno & Price, 1985).
Delineate a brief history of this area of study and the relevancy of this topic in today’s business world.
Premature retirement benefit was granted to males in the year 1961, when the nation was undergoing a period of recession and unemployment rates had gone up to 7% (Reno & Price, 1985). The early retirement provision was one means of reducing unemployment in the older worker population. This change was partly in response to lasting technological unemployment, with the realization of the fact that individuals losing jobs at an older age may never find work again. Reduced benefits associated with premature retirement were because premature retirement implied receipt of benefits for a longer period; long-range benefit payment costs if benefits were claimed at 62 years of age would roughly be equal to costs associated with claiming benefits at 65 years of age. Medicare, which offers healthcare and hospital insurance, was first enacted for elderly individuals…
Bibliography
Cutler, D. M., Meara, E., & Shubik, S. R. (2012). Unemployment and Disability: Evidence from the Great Recession . NBER, 2.
Reno, V. P., & Price, D. N. (1985). Relationship Between the Retirement, Disability, and Unemployment Insurance Programs: The U.S. Experience . Social Security Bulletin, 24-36.
Wiczer, D. (2017). The Connection Between Social Security Disability Insurance and High Unemployment. Economic Synopses.
problem-solving model in suggesting ways towards solving marketing problem of Classic Airline. It takes into account the internal and external pressures that contribute to the current crisis at Classic Airline, the current objective of implementing strategic marketing plan of solving solution. In addition, potential issues in implementation potential issues are as well considered in insuring impact of the plan. The analysis also touches on the fact that implementation of
Decision-Making Assessing a Decision Based on Edward de Bono's Six Thinking Hats Technique In the book Six Thinking Hats Edward de Bono describes the process of parallel thinking. This process means looking at problems from all angles at once. Edward de Bono uses the example of four people all looking at the same house. One person is looking at the front. Another is looking at the back. The other is looking at
Community Problem-Solving PaperFor a long time, in the majority of local Police Departs in America, identifying crimes and tracking the same for arrest had been a major problem. With a particular focus on home burglaries and vandalism, the Police were experiencing serious difficulties in identifying perpetrators. Based on burglary statistics, it is derived that every year, there are over 2.5 million burglaries, 66% of which are home invasions. Due to
That means teaching dieters the difference between complex carbohydrates and simple carbohydrates, for example, instead of prescribing a nearly complete moratorium on all types of carbohydrates in the manner of the very popular Atkins Diet (Larson-Duyff, 2002). The Atkins Diet has proven extremely successful over the short-term because it allows dieters to satisfy food cravings associated with severe carbohydrate restrictions by consuming high-fat foods. However, according to several studies, that
China's Intellectual Property Rights: Current Issues, Strategic Considerations And Problem Solving In this paper, the focus is primarily on the Intellectual Property Rights (IPR) that are given to individuals within the Republic of China. The paper starts off by defining IPR and the different ways that IPR is provided like copyright infringement. The paper them moves on to define IPR and its progression in China through the imperialistic years, the era
Business Ethics - Masters Business Administration Essay - Drawing relevant literature, critically evaluate a position debates firms responsibility maximising shareholder returns. Discuss implications chosen position a manager concerned impact company environment. Business ethics Throughout the past recent decades, the means in which the economic agents conduct their business operations have suffered some notable changes, in the meaning that less apparent emphasis comes to be placed on profits, and more on generating socio-economic