Economic Effects of Welfare Essay Example | Topics and Well Written Essays - 750 words

Economic Effects of Welfare - Essay ExampleIn welfare states, such procedures are apply by governments which help to improve lives of needy individuals. These might include unemployed physically or mentally disable people, widows and orphans. It has been always key to see what order these welfare activities leave on an economy. Design Different researchers have analyzed these effects differently by focusing on a specific area. The important aspects included in economic effects of welfare are as under It helps in the alleviation of poorness by meeting individuals needs. Link between percentages of Gross Domestic Production (GDP) spent on welfare economic indicators. Impact of welfare policies on destitution. Capabilities of individuals can be amend and they can participate in economic succeeder and growth. Structural factors and poverty Findings All four above mentioned aspects are discussed under here Alleviate poverty by meeting needs In a research by Severine and Shahani, .. . On analysis of economic indicators of both countries, it was found that indicators of United States were not do well as compared with other countries. It cogitate that welfare lead to progress and development of economy. Welfare Policies and poverty Kenworthy (1119-1139) conducted a research Do social-welfare policies reduce poverty? A cross-national assessment, to find whether there is any evidence of relationship between welfare policies and poverty by collecting data using quantitative technique. Kenworthy also investigated that how these variables operate in different countries. These welfare programs have positive impact on economic conditions of developing countries as they spend more for welfare. Welfare enhances capabilities of individuals A research by Sen (13-34) The Perspective of Freedom In Development as Freedom, found that while welfare system enhances capabilities of an individual, it also helps them to participate in success of society. Data was collected throug h questionnaires. Sen discussed that success shows a path for freedom and freedom leads to development of an individual as well as a society. It is concluded in Sens research that free society is more likely to experience economic and social stability and development Structural factors and poverty In a research by Brady, Structural Theory and Relative Poverty in Rich Western Democracies, effect of welfare on five geomorphologic factors namely manufacturing employment, agricultural employment, female labor force participation, the elderly population, and children in single mother families were analyzed. Data was gathered via longitudinal survey. The