Harvey S. Rosen - Individuals Quotes

5 Sourced Quotes

View all Harvey S. Rosen Quotes

In this country, the number of individuals on the government payroll certainly underestimates the importance of government.

Harvey S. Rosen

"Welfare" in the United States is a patchwork of more than 80 programs that provide benefits primarily to low-income individuals. These programs are means tested - only individuals whose financial resources fall below a certain level can receive benefits.

Harvey S. Rosen

The First Welfare Theorem holds only if all consumers and firms are price takers. If some individuals or firms are price makers (they have the power to affect prices), then the allocation of resources will generally be inefficient.

Harvey S. Rosen

Government grows because low-income individuals use the political system to redistribute income toward themselves.

Harvey S. Rosen

In an experiment in Illinois, members of a randomly selected group of unemployed individuals were offered a bonus of $500 if they found a job within 11 weeks and kept that job for four months. On average, people who were offered the bonus received UI for one week less than the control group, and the program saved more on UI benefits than it spent on bonuses.

Harvey S. Rosen