While Job Training and Education Programs in Prison Have Been

question 54

Essay

While job training and education programs in prison have been severely curtailed, the diminishing power of parole boards has meant that many prisoners tend to be automatically released without much consideration as to whether or not they are ready to be integrated into society. What might explain this trend? What are the greater social effects of these policies?

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Definitions:

Forward Rate

The future interest rate agreed upon in a forward contract, relating to loans, bonds, or deposits to be made at a specified future time.

Yield To Maturity

The total return expected on a bond if held until its maturity date, considering all interest payments and the principal repayment.

3-Year Bond

A debt security issued by an entity that matures in three years from the date of issuance, indicating the length of time before the principal is repaid.

Forward Rate

The agreed-upon rate for a financial transaction that will occur at a future date, often used in foreign exchange and interest rate markets.