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This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed … (if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … alleviation should matter. This note shows that we all do care about inequality, and to hold that we should be concerned with …
Persistent link: https://www.econbiz.de/10005561548
“Accelerated Growth Strategy” (Stratégie de Croissance Accélérée in French or SCA) in the fight against poverty. We start by an … analysis of the macroeconomic foundations of growth in Senegal and then examine the evolution of labor market and social … indicators over the period under study. We show that growth achievements did not meet the targets set by the SCA. Despite the …
Persistent link: https://www.econbiz.de/10008490310
This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10005062449
(english) Since the 1994 devaluation, growth has been quite strong in Mali (about 5% p.a. on average), but much weaker … in terms of GDP per person (about 2.6% p.a.) due to a very high index of fecundity. Growth is still very unstable, due to … a surge after the devaluation, poverty incidence plummeted slightly. Extreme poverty decreased, and growth has been pro …
Persistent link: https://www.econbiz.de/10005094534
Since 2004, the Government of Senegal has adopted an accelerated growth program in the aim of reducing poverty by half … growth strategy is not really in accordance with the Senegalese Poverty Reduction Strategy Paper …
Persistent link: https://www.econbiz.de/10005181791
Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...
Persistent link: https://www.econbiz.de/10005076560
Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants-household wealth and public consumption-in the context of...
Persistent link: https://www.econbiz.de/10005076601
his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … transmitted to the policymaker. We also investigate the effects of inequality on welfare and discuss the welfare effects of …
Persistent link: https://www.econbiz.de/10005076613
Unlike aversion to inequality, aversion to poverty resists formalization in welfare economics. One way to assign … valued welfare measure. It proposes a lexicographic L*-ordering, where the first rank criterion corresponds to an inequality …
Persistent link: https://www.econbiz.de/10005076922
, fertility, and household composition, are analysed. The effects of the educational expansion on the growth of household incomes …
Persistent link: https://www.econbiz.de/10005076938