50 Questions

19 questions- higher education 29-30 31 income and pov 32,41,42 HIGHER EDUCATION -who benefits from subsidies to higher -what is their role in the student loan market -main sources of funds p&p are diff -state govt subsidy -why should govt subsidies higher edu -calculate present value: know the formula and understand the concept -what are and who qualifies, who gives, dollar limits, average PELL GRANT -cost of education: direct, indirect (don’t make an actual?) -starting salaries of graduates: who has highest who has lowest -Human capital=us, cost and benefits of sending us to college (investment in human capital) -differential tuition/fees by major (or by college- eller is $800 more, engr $600, Journal $300) why you pay in your jr/sr year. What if we just charge based on major? Why would we do something like that? -earning graph/HS/ uni grad (in sla wksht) INCOME DISTRIBUTION & POVERTY -what’s the quintile -highest, lowest quintile, -lorenze curve graph Significance? Ratio? -gini ratio (def, high, low) -example/ how to reduce income inequality -factors contributing/ -diff btw wealth & income? -what lies behind growing income inequality -on blackboard, income maintenance programs/types -example of social insurance/public assistance program -where is spending highest? Social insurance poverty rates by ethnicity, education, etc and overal’ -what’s official poverty line for single or fam of 4? -what’s the TANF program, how does it work? Its limits? (in blackboard and textbook) It’s the welfare program that replace something else…during the Clinton administration, aka PRA personal responsibility act -know the median household (can be one or five) income currently of the U.S. (for say 2007) -what do we mean by the expression of ‘in-kind’ benefits -table with income distribution table- be able to read the table, analyze the graphs -which of the following programs would encourage/would not encourage them to increase their income for their work effort? -