A solution to social security and education funding: it’s all part of the cycle of life

Bill Michalski/WUSTL PublicationsA loan finances a young person’s education. Twenty years later, that child is working, contributing to the economy and paying off their loan. As they repay, the capitalized value of the loan pays back their debt to the previous generation in the form of a pension.Funding social security and education are often thought of as separate issues. But the two issues should be linked, says economist Michele Boldrin, the Joseph Gibson Hoyt Distinguished Professor in Arts & Sciences at Washington University in St. Louis. In the same way that younger generations take care of their elders as a kind of “return” on their parent’s investment, so too can the U.S. invest in the educational needs of its children and have the accumulated debt be paid off to retirees when it comes due.

Elusive civil rights court records now just a click away with new online database

Photo courtesy Library of Congress.Thurgood Marshall (center) with George E.C. Hayes and James Nabri celebrating the historic Brown v. Board of Education Supreme Court decision.For the past 50-plus years, civil rights litigation has greatly affected Americans’ lives. It has secured our Constitutional rights, and it has dramatically improved many of our public and private institutions. Information about these cases, however, has been exceedingly difficult to locate. Until now. More…

Mortality rates higher from lack of medicine, not managed care

The urban legends about managed care convey a sense that managed care often leads to early death. However, the business methods employed by managed care frequently result in reduced cost for the companies and the individuals enrolled in the programs. Because of the potential savings, the trend has been to encourage Medicare enrollees to use managed care programs. A recent study by a professor in the business school Washington University in St. Louis and a colleague suggests that it’s not managed care that increases mortality; it’s lack of drug coverage. The study suggests that a one percent increase in the number of people enrolled in Medicare Managed Care without drug coverage would result in an additional 5,100 deaths among the elderly population of the United States in one year.

Gibson receives 2005 Decade of Behavior Research Award

James L. Gibson, Ph.D., the Sidney W. Souers Professor of Government in Arts & Sciences, will receive a 2005 Decade of Behavior Research Award in recognition of his research on democracy issues. The award recognizes high-caliber research that has profoundly influenced the public’s understanding of behavioral and social science principles as well as the use of social and behavioral science knowledge in policy settings.

Health Care Policy Experts

Washington University School of Medicine in St. Louis is a long-time leader in medical research and clinical practice. The school employs a number of experts in many areas of expertise, including health care policy issues. Under the direction of former dean William Peck, the university has established the Center for Health Policy to: Identify key […]

‘Educate Yourself’ forums run weekly until election

With the November election quickly approaching, many people want to know more about the key issues facing the candidates. If that’s you, then you need to educate yourself! “Educate Yourself: 2004,” sponsored by Student Union, will comprise a series of weekly forums aimed at helping the University community, and the public, fully understand all sides of some of the larger issues in the upcoming election.
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