Hidden Costs, Value Lost Uninsurance in America (2003) / Chapter Skim
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Appendix A: Glossary
Appendix A: Glossary
Pages 123-128
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From page 123... ...
In the national income and product accounts, private capital consists of business inventories, producers' durable equipment, and residential and nonresidential structures. Human capital is the education, training, work experience, and other attributes that enhance the ability of the labor force to produce goods and services.
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From page 124... ...
Congress generally controls entitlement programs by setting eligibility criteria and benefit or payment rules not by providing budget authority in the appropriation act (CBO, 2002~.
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From page 125... ...
A measure of those aspects of overall quality of life that can be clearly shown to affect health, either physical or mental. On the individual level, this includes physical and mental health perceptions and their correlates, including health risks and conditions, functional status, social support, ana socioeconomic status.
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From page 126... ...
This measure takes into account the effect of functional limitations on wage rates in addition to the amount of time worked (Haveman et al., 1995~. Merit Good A concept describing situations where the social evaluation of a commodity derives not simply from the standard of consumer autonomy, but implies that individual preferences are either neglected or supplemented by other considerations for the community as a whole.
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From page 127... ...
The risk premium is that part of an insurance policy premium that accounts for the riskiness of the policy to the issuer see Loading Fee. Social Capital A research construct with either or both cognitive and social structural elements that refers to the stocks of resources available through social relationships, as measured by indicators such as civic engagement, norms of reciprocity, and interpersonal trust (Macinko and Starfield, 2001~.
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From page 128... ...
preference through market transactions or stated preference in survey responses of the maximum amount consumers would be willing to pay for a program or intervention.
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Key Terms
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