The broader sense of welfare focuses on OASDHI
(Old Age, Survivors, Disability, and Health Insurance), what is commonly referred to as Social Security and Medicare, as well as associated attitudes.
As with personal income taxes, we assume that En equals 1 and Ey should account for the elasticity of the tax code, given the distribution of income.(28) Ey is less than 1 because wages and salaries above a maximum amount of taxable earnings are not subject to OASDHI
It also includes the "right" responses to many common legal tricks designed to make a forensic economist look uninformed, the OASDHI
Earnings Forecast to the year 2070, in-depth discussion of the various types of fringe benefits, a review of most of the methods for considering personal consumption deductions, and a wide range of different methods for household production valuation (unfortunately not including the method used by the author of this review).