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The "investment approach" – liabilities or assets?

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dc.contributor.author James, Colin
dc.date.accessioned 2019-05-13T01:09:31Z
dc.date.accessioned 2022-07-12T02:28:16Z
dc.date.available 2019-05-13T01:09:31Z
dc.date.available 2022-07-12T02:28:16Z
dc.date.copyright 2015
dc.date.issued 2015
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/20941
dc.description.abstract In 2011 the government adopted from the Accident Compensation Corporation via the Welfare Working Group a programme of actuarially estimating the cost of someone staying long-term on a benefit and using that as the basis for defining the return from "investing" in action that deflected that person from a benefit into long-term work. The Ministry of Social Development (MSD) engaged an Australian firm, Taylor Fry, to do the actuarial estimates of long-term benefit costs. It applied programmes incorporating those estimates initially to 16-17-year-olds and sole teen mothers of 16-18 in the welfare system, groups known to have a high risk of long-term benefit-dependency. This actuarial/investment technique is known as the "forward-liability investment approach" or just the "investment approach". Including the "forward-liability" qualifier underlines that in its initial application the technique is essentially insurance against a future liability. Leaving out the "forward liability" qualifier suggests an investment approach might logically be applied to building assets in addition to avoiding liabilities and applied more widely in policy development and government decision-making. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Institute for Governance and Policy Studies: Working Papers 15/01 en_NZ
dc.subject Investment approach en_NZ
dc.subject Public policy en_NZ
dc.title The "investment approach" – liabilities or assets? en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit Institute for Governance and Policy Studies en_NZ
vuwschema.subject.anzsrcfor 160599 Policy and Administration not elsewhere classified en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 440799 Policy and administration not elsewhere classified en_NZ
dc.rights.rightsholder https://www.victoria.ac.nz/igps en_NZ

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