A policy response to a downside of the integration of economies: An impossibility theorem

Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.

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Year of publication:	2014
Authors:	Stark, Oded
Publisher:	Tübingen : University of Tübingen, Faculty of Economics and Social Sciences
Subject:	Merger of populations \| Revision of social space \| Aggregate relative deprivation \| Societal stress \| Policy response

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Series:	University of Tübingen Working Papers in Economics and Finance ; 73
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	786622547 [GVK] hdl:10419/97498 [Handle] RePEc:zbw:tuewef:73 [RePEc]
Classification:	d04 ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; F55 - International Institutional Arrangements ; H53 - Government Expenditures and Welfare Programs ; P51 - Comparative Analysis of Economic Systems
Source:	EconStor

Persistent link: https://www.econbiz.de/10010368317