Showing 1 - 10 of 51
his paper analyses the work of the Nobel Prize winning economist Professor Amartya Sen from the perspective of human rights. It assesses the ways in which Sen’s research agenda has deepened and expanded human rights discourse in the disciplines of ethics and economics, and examines how his...
Persistent link: https://www.econbiz.de/10011126641
Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation. Tobin’s influence on macroeconomic theory is so pervasive - so much part of our professional ‘acquis’ - that...
Persistent link: https://www.econbiz.de/10011071326
This paper re-examines Hayek’s insights into the problem of knowledge in markets, and argues that his analysis remains pertinent but has serious flaws. His central thesis—that the market price system is essential for communicating information and coordinating transactions wherever knowledge...
Persistent link: https://www.econbiz.de/10011071336
In the last few years, a new area has emerged in economic theory, which goes under the heading of 'incomplete contracting'. However, almost since its inception, the theory has been under attack for its lack of rigorous foundations. In this paper we evaluate some of the criticisms that have been...
Persistent link: https://www.econbiz.de/10010746414
-income families, looking specifically at the effects on poverty, family expenditures, and child health and development. The paper … finds some commonalities but also some notable differences. Common to both countries is a sizable reduction in child poverty …, although the reduction in child poverty in the US has been less, and some families appear to have been left behind. Expenditure …
Persistent link: https://www.econbiz.de/10010884547
This paper presents a dynamic model of child labour supply in a farming household. The model clarifies the roles of land, income and household size, allowing labour and credit market imperfections. If labour markets are imperfect, child labour is increasing in farm size and decreasing in...
Persistent link: https://www.econbiz.de/10010884618
significant correlation and regression coefficients which suggest a link between inflation and inequality, while poverty appears …
Persistent link: https://www.econbiz.de/10010928756
Averaging methods are routinely used in order to limit biases resulting from the mismeasurement of permanent incomes. The Solon/Zimmerman estimator regresses a single-year measurement of the child's resources on a T-period average of the parents' income while the Behrman/Taubman estimator...
Persistent link: https://www.econbiz.de/10010928772
poverty compels work whereas a positive wage elasticity would favour the alternative view that children work because the … boys, consistent with the view that boys work on account of the compulsions of poverty. This is less clear in the case of … requires alleviation of the poverty of their households. Trade sanctions or bans on child labour may have deleterious …
Persistent link: https://www.econbiz.de/10010744915
well-known inequality indices. The same cannot be said, in respect of poverty indices, for the second-order stochastic … dominance criterion for poverty analysis introduced by Atkinson (1987). Indeed, two of the best known poverty indices, the head … provides a more comprehensive coverage of poverty indice. By establishing the relationship between welfare and poverty …
Persistent link: https://www.econbiz.de/10010744956