TY - BOOK AU - Glennerster,Howard ED - Social Policy Association (Great Britain) TI - Understanding the finance of welfare: what welfare costs and how to pay for it SN - 9781847421098 (hbk.) AV - HV245 .G534 2009 U1 - 338.43361941 21 PY - 2009/// CY - Bristol, UK, Portland, OR PB - Policy Press KW - Public welfare KW - Great Britain KW - Finance KW - Economic aspects KW - Human services KW - Social policy N1 - Includes bibliographical references (p. 217-236) and index; one Meeting basic human needs 1 Summary 1 Basic human need 2 Someone has to pay 5 Need and the life cycle 6 The market as need provider 7 The distinction between finance and provision 7 The social division of welfare 10 Choice and agency 11 Overview 14 Questions for discussion 15 Further reading 15 two Market failure and government failure 17 Summary 17 Why markets work �� sometimes 18 Market failure 20 Government failure 28 Privatisation and quasi-markets 33 The voluntary sector and mutuality 34 Overview 36 Questions for discussion 36 Further reading 36 three How to pay for social programmes? The tax constraint 37 Summary 37 Consent 38 Improving the popularity of taxes 42 Equity 46 Efficiency 47 Overview 54 Questions for discussion 55 Further reading 55 four Financing healthcare 57 Summary 57 The cost of healthcare 58 Where the money comes from 63 How the NHS funds are allocated 63 Raising the money: alternative ways 69 Improving choice and efficiency 74 Overview 78 Questions for discussion 78 Further reading 78 five Financing social care 81 Summary 81 The cost of social care 82 How social care funds are allocated 87 Improving choice and efficiency 92 The funding and organisation of long-term care in the UK 95 Funding long-term care in other countries 101 Overview 106 Questions for discussion 106 Further reading 107 six Financing education 109 Summary 109 What is education? 110 The cost of education 111 How education funds are allocated 114 Improving choice and efficiency 124 The finance of education in other countries 128 Overview 133 Questions for discussion 134 Further reading 134 seven Financing income security 135 Summary 135 The state's role: income replacement or poverty relief? 137 The case for insurance markets 138 The cost of income maintenance 138 How social security funds are allocated in the UK 142 Improving choice and efficiency 145 Reforming UK pensions 151 International pension models 154 Overview 161 Questions for discussion 161 Further reading 162 eight Financing housing 163 Summary 163 Housing policy evolves 164 From producer subsidies to consumer subsidies 166 Rent control and regulation 166 A subsidy to the rich 167 The costs of housing 169 The organisation of state finance 172 Improving choice and efficiency 177 The finance of housing in other countries 181 Overview 183 Questions for discussion 184 Further reading 184 nine Rationing scarce resources: managing rising expectations 185 Summary 185 Rationing 186 Containing public expenditure 190 Treasury control 191 Comprehensive plans 193 Self-imposed prudence? 195 A more proactive role for the Treasury 195 Territorial rationing 196 The place of local authority spending 198 The Private Finance Initiative 201 The 2007 Comprehensive Spending Review and the next 202 Overview 203 Questions for discussion 204 Further reading 204 ten Do welfare states have a future? 205 Summary 205 A fiscal crisis averted or to come? 206 Growing demographic pressure 208 Slimming costs? 211 Raising more revenue 212 Overview 215 Questions for discussion 216 Further reading 216 N2 - "Much has happened to the funding of social policy and the economy since the first edition of this book, especially in pensions and social care. In response, much of the book has been revised and all the figures and tables have been updated." "Understanding the Finance of Welfare has been designed to fit the needs of social policy student syllabuses where it has become an essential text. It is also important to students of public policy and economics and those training as teachers, medical students and social workers. But it will also be of interest to the general public because there is no more important political topic today than how social services are funded."--Jacket ER -