. In addition, trade and migration are not equivalent if social capital is present: the highest welfare is obtained with … migration under the corner solution, the second highest welfare is obtained with trade, and the lowest welfare is obtained with …This paper examines the welfare implications associated with different degrees of diversity or similarity between …

, welfare and public sector pay changes over the 2008 to 2012 period gave rise to lower than average losses for the bottom …

We analyze the effect of low-skill workers offshoring on the welfare of the economy. In the context of a matching model … with different possible equilibria, we discuss two policies that could potentially outweigh the negative welfare effects of … that, while both policy instruments can theoretically bring the economy back to previous welfare levels, careful thought …

Social welfare systems usually imply specific obligations for benefit recipients. If a recipient does not comply with … the literature on the effects of sanctions in social welfare systems and we present first results on the effects of … sanctions for young unemployed welfare recipients based on German administrative data. The German welfare system is particularly …

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic … profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating …

This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and … inherently multi-country nature of both migration and other forms of integration, such as international trade and remittance … and thus higher welfare, all else equal. Because of this effect, natives in countries that received a lot of migration …

local language are very high, but imported skills have zero (conditional) return. Furthermore, the welfare gain from the …

I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor …. In this case, increases in aggregate productivity result in a reduction in welfare. For example, this may occur when …