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Wage Subsidy
A wage subsidy is a payment to workers by the state, made either directly or through their employers. Its purposes are to redistribute income and to obviate the welfare trap attributed to other forms of relief, thereby reducing unemployment. It is most naturally implemented as a modification to the income tax system. The wage subsidy was proposed by Arthur Cecil Pigou, A. C. Pigou in his book ''The Theory of Unemployment''.A. C. Pigou, "The Theory of Unemployment" (1933); see 'subsidies' in the index for mentions in the text. It was subsequently advocated by American economists Edmund Phelps and Scott Sumner, American policy advisor Oren Cass, and British economist Tony Atkinson under the name of participation income.Anthony B. Atkinson, "Inequality" (2015). The wage subsidy differs from universal basic income (UBI) in being limited in its scope to workers in paid employment, and does not generally seek to take the place of other Social security, benefits. Properties A wage subsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Trap
The welfare trap (aka the welfare cliff, unemployment trap, or poverty trap in British English) theory asserts that taxation and welfare (financial aid), welfare systems can jointly contribute to keep people on social insurance because the withdrawal of means-tested benefits that comes with entering low-paid work causes there to be no significant increase in total income. According to this theory, an individual sees that the opportunity cost of getting a better paying job is too great for too little a financial return, and this can create a perverse incentive to not pursue a better paying job. Different definitions The term used for this concept varies depending on country. In the United States, where government benefit payments are colloquially referred to as "welfare", the welfare trap often indicates that a person is completely dependent on benefits, with little or no hope of self-sufficiency. The welfare trap is also known as the ''unemployment trap'' or the ''poverty trap'', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippe Van Parijs
Philippe Van Parijs (; born May 23, 1951) is a Belgian political philosopher and political economist, best known as a proponent and main defender of the concept of an unconditional basic income and for the first systematic treatment of linguistic justice. In 2020, he was listed by ''Prospect'' as the eighth-greatest thinker for the COVID-19 era, with the magazine writing, "Today’s young UBI enthusiasts draw on the books and tap the networks of this Belgian polymath, who championed it before it was fashionable. For decades, he has warned that our proclaimed freedoms to start businesses or raise children count for nothing without the real freedom that comes with a basic income". Early life and education Van Parijs studied philosophy, law, political economy, sociology and linguistics at the Université Saint-Louis - Bruxelles in Brussels, at the Université catholique de Louvain (UCLouvain) in Louvain-la-Neuve, at the Katholieke Universiteit Leuven (KU Leuven) in Leuven, in O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dominique De Villepin
Dominique Marie François René Galouzeau de Villepin (; born 14 November 1953) is a French politician who served as Prime Minister of France from 31 May 2005 to 17 May 2007 under President Jacques Chirac. In his career working at the Ministry for Europe and Foreign Affairs (France), Ministry of Foreign Affairs, De Villepin rose through the ranks of the French right as one of Chirac's protégés. He came into the international spotlight as Minister of Foreign Affairs with his opposition to the 2003 invasion of Iraq, one year after his appointment to the office, which culminated with a speech to the United Nations. Before his tenure as prime minister, he also served as Minister of the Interior (2004–2005). After being replaced by François Fillon as prime minister, De Villepin was indicted in connection with the Clearstream affair, ''Clearstream'' affair; [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raffarin
Jean-Pierre Raffarin (; born 3 August 1948) is a French politician who served as Prime Minister of France from 6 May 2002 to 31 May 2005 under President Jacques Chirac. He resigned after France's rejection of the referendum on the European Union draft constitution. However, after Raffarin resigned, he said that his decision was not based on the outcome of the vote. Opinion polls following his resignation suggested that Raffarin was one of France's least popular prime ministers since the Fifth Republic was established in 1958. However, according to the book ''France: 1815–2003'', written by Martin Evans and Emmanuel Godin, Raffarin was "a remarkably popular Prime Minister" despite his ability "to state the obvious and to make empty statements". He was also Vice President of the Senate from 2011 to 2014. Early life Born 3 August 1948, Raffarin grew up in Poitiers, the son of a prominent national figure: his father Jean Raffarin was vice-minister of Agriculture in the gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alain Madelin
Alain Madelin (; born 26 March 1946) is a French politician. Politician Madelin was minister of Industry in Prime Minister Jacques Chirac's cabinet from 1986 to 1988, a minister of Business in Prime Minister Édouard Balladur's cabinet from 1993 to 1995, and a minister of Economy and Finances in Prime Minister Alain Juppé's cabinet. He resigned after only three months, citing economic policy differences with Alain Juppé. He was a member of the National Assembly from 1978 to 2007 as representative for Ille-et-Vilaine's fourth constituency. The district includes the town of Redon, where he was mayor from 1995 until 2000. Madelin unsuccessfully ran in 1996 for president of the Union for French Democracy (UDF), and was defeated by François Léotard. He was elected as leader of the Parti Républicain, a part of the UDF coalition, which he renamed Démocratie Libérale. In 1998, Démocratie Libérale split from the UDF. Madelin's obtained slightly less than 4% of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libération
(), popularly known as ''Libé'' (), is a daily newspaper in France, founded in Paris by Jean-Paul Sartre and Serge July in 1973 in the wake of the protest movements of May 1968 in France, May 1968. Initially positioned on the far left of France's political spectrum, the editorial line evolved towards a more centre-left stance at the end of the 1970s, where it remains as of 2012. The publication describes its "DNA" as being "liberal libertarian". It aims to act as a common platform for the diverse tendencies within the French Left, with its "compass" being "the defence of freedoms and of minorities". Edouard Etienne de Rothschild, Edouard de Rothschild's acquisition of a 37% capital interest in 2005, and editor Serge July's campaign for the "yes" vote in the 2005 French European Constitution referendum, referendum establishing a Constitution for Europe the same year, alienated it from a number of its left-wing readers. In its early days, it was noted for its irreverent and h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Piketty
Thomas Piketty (; born 7 May 1971) is a French economist who is a professor of economics at the School for Advanced Studies in the Social Sciences, associate chair at the Paris School of Economics (PSE) and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics (LSE). Piketty's work focuses on public economics, in particular income and wealth inequality. He is the author of the best-selling book '' Capital in the Twenty-First Century'' (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. Piketty proposes improving the education systems and considers diffusion of knowledge, diffusion of skills, diffusion of idea of productivity as the main mechanism that will l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Pour L'emploi
The Prime pour l'emploi (PPE) was a French tax credit aimed at reducing the impact of falling Revenu de solidarité active (welfare benefits) for people returning to work. Implemented in 2001 by the government of Lionel Jospin, it was replaced by the prime d'activité in 2015. In 2008, 8.7 million working people received the tax credit. The average amount was €36 per month. Amount The amount depends on whether a person is single or in a couple and whether the income per person is between €3,473 and €17,451. The amount increases between the lower limit and €12,475 and then decreases until revenue reaches the upper limit. See also *Guaranteed minimum income *Poverty in France * Revenu minimum d'insertion *Working tax credit Working Tax Credit (WTC) was a state benefit in the United Kingdom made to people who worked and received a low income. It was introduced in April 2003 and was a means-tested benefit. Despite the name, the payment was not a tax credit linked ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lionel Jospin
Lionel Robert Jospin (; born 12 July 1937) is a French politician who served as Prime Minister of France from 1997 to 2002. Jospin was First Secretary of the French Socialist Party, First Secretary of the Socialist Party from 1995 to 1997 and the party's candidate for President of France in the 1995 French presidential election, 1995 and 2002 French presidential election, 2002 elections. In 1995, he was narrowly defeated in the second round by Jacques Chirac. In 2002, he was eliminated in the first round after finishing behind both Chirac and Jean-Marie Le Pen, prompting him to announce his retirement from politics. In 2015, he was appointed to the Constitutional Council (France), Constitutional Council by National Assembly President Claude Bartolone. Biography Early life Lionel Robert Jospin was born to a Protestant family in Meudon, Seine (department), Seine (nowadays Hauts-de-Seine), a suburb of Paris, and is the son of Mireille Dandieu Aliette and Robert Jospin. He attended ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Earned Income Tax Credit
The United States federal earned income tax credit or earned income credit (EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. For a person or couple to claim one or more persons as their qualifying child, requirements such as relationship, age, and shared residency must be met.Tax Year 2020 1040 and 1040-SR Instructions, including the instructions for Schedules 1 through 3 Rules for EIC begin on page 40 for 2020 Tax Year. The earned income tax credit has been part of political debates in the United States over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. List of countries by minimum wage, Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by Automation, automating job functions. Minimum wage policies can vary significantly between countries or even within a country, with different regions, sectors, or age groups having their own minimum wage rates. These variations are often influenced by factors such as the cost of living, regional economic conditions, and industry-specific factors. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
