1
Q
Poverty line vs poverty rate
A
Poverty line: the annual income below which a family is officially considered poor
Poverty rate: % of the pop below the poverty line
2
Q
Gini coefficient
A
from 0 to 1; the higher the less equal
Measures income inequality
3
Q
Welfare state
A
the collection of government programs designed to alleviate economic hardship
A lot share of it consist of government transfers
4
Q
What’s the rationale for the welfare state?
A
- Alleviating income inequality
- Alleviating economic insecurity
- Reducing poverty and providing access to health care
5
Q
Welfare state in Canada
A
Tableau
Means-tested programs: benefit individuals whose incomes fall below a certain level
In-kind benefits: given in the form of goods and services
Non-mean-tested programs: provide benefits to everyone
Monetary transfers
