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Poverty and Welfare Measurement on the Basis of Prospect Theory

Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - CESifo - 2013

This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

Persistent link: https://www.econbiz.de/10010607471

The Global Joint Distribution of Income and Health

Wu, Ximing; Savvides, Andreas; Stengos, Thanasis - CESifo - 2008

unimodal one, the evolution of the health distribution has preceded that of income, global inequality and poverty has decreased … indicates that global inequality would be underestimated if within-country inequality is not taken into account. Moreover …, global inequality and poverty would be substantially underestimated if the dependence between the income and health …

Persistent link: https://www.econbiz.de/10005196304

Direct Distribution of Rents and the Resource Curse in Iran: A Micro-econometric Analysis

Farzanegan, Mohammad Reza; Habibpour, Mohammad - CESifo - 2014

Our goal is to examine the income inequality and welfare effects of the direct distribution of resource rents and … rents-induced inequality. …

Persistent link: https://www.econbiz.de/10010781552

Can there be a Wave-Like Association between Economic Growth and Inequality? Theory and Lessons for East Asia from the Middle East

Gangopadhyay, Partha; Bhattacharyay, Biswa N. - CESifo - 2012

inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …

Persistent link: https://www.econbiz.de/10010580969

On the Fiscal Strategies of Escaping Poverty-Environment Traps (and) Towards Sustainable Growth

Dao, Nguyen Than; Edenhofer, Ottmar - CESifo - 2014

An economy with clean and dirty intermediate inputs may fall into a trap characterized by low environmental quality and low life expectancy, while the others converge to opposite steady states. We propose new strategies towards sustainable growth. They include: (i) taxes (subsidies) imposed on...

Persistent link: https://www.econbiz.de/10010877654

Uncertainty and Fiscal Policy in an Asymmetric Monetary Union

Hefeker, Carsten; Zimmer, Blandine - CESifo - 2008

The paper examines the monetary-fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. We first show that monetary uncertainty disciplines fiscal policymakers and thereby reduces taxes, average inflation and output distortions. However, as more...

Persistent link: https://www.econbiz.de/10005013047

Taxation, Corruption and the Exchange Rate Regime

Hefeker, Carsten - CESifo - 2009

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...

Persistent link: https://www.econbiz.de/10005013051

Spend-and-tax: A Panel Data Investigation for the EU

Afonso, António; Rault, Christophe - CESifo - 2009

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

Persistent link: https://www.econbiz.de/10005013057

Government Deficits in the European Union: An Analysis of Entry and Exit Dynamics

Bayar, Ali; Smeets, Bram - CESifo - 2009

The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...

Persistent link: https://www.econbiz.de/10005013070

Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-Cyclical?

Egert, Balazs - CESifo - 2012

This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However,...

Persistent link: https://www.econbiz.de/10010540250