Exact(1)
If the government of the day wants to constrain welfare spending then it would be able to do that with or without the cap.
Similar(59)
Large deviations from physiologically benign growth range can divert resources from vital body functions and cause developmental defects, thereby constraining the welfare and productivity of animals.
While a good deal of the political economy literature focuses on unemployment and political outcomes, it is equally plausible that governors who are constrained from social welfare spending through political institutions may use DI as a means to improve the well-being of individuals in their state.
In general, the level of benefits offered is constrained by efficiency and welfare considerations.
Steps to improve social services and welfare will be constrained by growing claims on the government's resources.
Instead, they say, those lawmakers wishing to aid sex workers should civilly empower them through a labor union, give them equal access to welfare benefits or stop constraining them with unfair immigration barriers.
Australia's high minimum wages (and other labour market rigidities) might act against this, however, by constraining labour demand for low-skilled workers among this group of welfare recipients, with any off-setting impact on labour supply itself constrained by the high marginal tax rates facing those on PP.
"Air pollution is a challenge that threatens basic human welfare, damages natural and physical capital, and constrains economic growth," said Laura Tuck, vice-president for sustainable development at the World Bank.
Any benefits limit that constrains spending will therefore force a trade-off between working-age welfare and pensions.
The above constrained maximization problem means that an advanced country maximizes its economic welfare guaranteeing the minimal utility level of the counterpart developing country at the level of U ¯.
The Tory party views the EU as constraining its effort to demolish parts of legislation turning Britain into a social welfare state; the labor party supports the EU precisely for this reason.
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