Harvey S. Rosen - People Quotes

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Peoples views on how the government should conduct its financial operations are heavily influenced by their political philosophies.

Harvey S. Rosen
If it makes sense to transfer income from rich to poor people within a generation, why shouldn't we transfer income from rich to poor generations?

Harvey S. Rosen
It must be emphasized that free ridership is not a fact; it is an implication of the hypothesis that people maximize a utility function that depends only on their own consumption of goods.

Harvey S. Rosen
Why should the central government be in the business of giving unconditional grants to states and localities? The usual response is that such grants can equalize the income distribution. It is not clear that this argument stands up under scrutiny. Even if a goal of public policy is to help poor people, it does not follow that the best way to do so is to help poor communities. After all, the chances that a community with a low average income will probably have some relatively rich members and vice versa. If the goal is to help the poor, why not give them the money directly?

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