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In Figure 9 (the fifth figure in the diary), why is France's relative child poverty rate (28.7%), based on household incomes before taxes and transfers, higher than that of the U.S. (26.7%), Italy (24.6%) and Spain (21.4%), and so much higher than that of Germany (16.8%)?

And what the hell is going on in the UK (36.1%!)?

Truth unfolds in time through a communal process.

by marco (cowannar at gmail punkt com) on Wed Feb 14th, 2007 at 09:24:42 PM EST
What are 'transfers'? If they include social benefits, that could be an explanation.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Feb 15th, 2007 at 04:25:29 AM EST
[ Parent ]
in econ speak, "transfers" are "social benefits" in political speak. both are payments by government to qualified persons as if to supplement earned income. qualification is generally understood to mean satisfying a means test for poverty.

such payments include vouchers (food, shelter, transpo), tax "credits" (reducing scheduled rates), pensions/annuity financed by the state, and "free" services such as medical care, meals, education.

economists tend to avoid measuring intangible benefits of a welfare state. that isn't to say that they don't exist.

Diversity is the key to economic and political evolution.

by Cat on Thu Feb 15th, 2007 at 12:06:59 PM EST
[ Parent ]

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