In this paper, we develop a growth model in which human being is a production factor which can be combined with a fixed factor, say land, to produce a homogeneous commodity. Saving, so to speak, can only be made through having children, the number of which is an endogenous decision to the...

This paper develops a consumption-based asset pricing model in which attitudes towards risk are contingent upon the state of the world. For a low (high) level of consumption relative to a subjective metric, counter-cyclical (pro-cyclical) risk aversion implies that consumption shocks generate...

L'eau est devenue une ressource naturelle précieuse dans la plupart des régions du monde. Avec une croissance phénoménale de la demande, les gouvernements des pays au prise avec cette rareté nouvelle ont tenté d'y faire face en augmentant la capacité de stockage de l'or blanc. Depuis le...

L'évolution de la consommation d'énergie entre deux périodes peut être décomposée de manière à souligner les rôles joués par le niveau d'activité économique, le changement structurel à l'intérieur du secteur étudié, les conditions climatiques et l'efficacité énergétique. Nous...

A general class of progressivity indices is proposed which is consistent with the well-developed theory of the measurement of inequality and social welfare. In particular, we show that the more progressive a tax system, the more equal the distribution of net income and the greater the...

This paper develops criteria for a new concept of restricted inequality dominance and show how they relate to criteria for comparing relative poverty. The results warn against the use of some popular indices of inequality. They do, however, suggest an interesting extension of the Schutz...

I characterize a generalization of the negligence rule to assign compensating damages in an accident involving multiple tortfeasors. These tortfeasors have the opportunity to undertake spending in prevention and the rule is designed to provide them with the best incentives to do so. I study the...

Il est possible d'interpréter une classe d'indices d'iniquité horizontale comme représentant un regroupement de moyennes normatives de sentiments individuels de performance relative dans la distribution des taxes et des transferts. Un membre très connu de cette classe est l'indice...

A class of inequality measures that is a natural companion to the popular Lorenz curve is the class of measures that are linear in incomes. These measures, which include the Gini and S-Gini coefficients, can be interpreted as ethical means of relative deprivation feelings. Their change through...

The recent theorical literature on the political economy of growth displays contrasting findings on the nature of the political link between income inequality and growth. In this paper, we explain this contrast and argue that in a democracy, when redistribution is in the form of government...