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
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 124.2014, 2, p. 180-184
Publisher:	Elsevier
Subject:	Merger of populations \| Revision of social space \| Aggregate relative deprivation \| Societal stress \| Policy response

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Type of publication:	Article
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:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010933301