This Paper estimates the welfare and distributional impact of two types of welfare reform in 14 member countries of the … earnings. The first reform distributes the additional tax revenue uniformly to everybody (traditional welfare) while the second … current welfare and tax systems in all European Union countries (except Sweden) and use calibrated labour supply elasticities …

The paper examines the possible effects of introducing a large-scale welfare reform in Sweden, namely, the introduction … of comprehensive welfare accounts. Under this policy, individuals make mandatory contributions to accounts, which they … can top up with voluntary contributions. In return, individuals’ welfare benefits are paid from their accounts. The paper …

The literature has shown that the implied welfare gains from international financial integration are very small. We … revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes … welfare gains from financial integration are equivalent to a 9% increase in consumption for the median developing country, and …

inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

This paper presents results from a calibrated welfare model of the UK mobile telephony market which includes many … focuses on the short-run effects of adopting lower mobile termination rates (MTRs) on total welfare, consumer surplus and … rates), increases social welfare, consumer surplus and networks’ profits. Depending on the strength of call externalities …

, while welfare caseloads are higher under Democratic Governors. In terms of social and economic outcomes, Democratic … policy outcomes and social welfare. I find no evidence of gubernatorial partisan differences in tax rates, welfare generosity …

number of applications result is due to rent seeking behavior. Sizable welfare gains (15% to 20%) can be realized by … applying for at least one job per period, increases welfare. …

This paper analyses the welfare effects of changes in cross-sectional wage dispersion, using a class of tractable … heterogeneous-agent economies. We emphasize a trade-off in the welfare calculation that arises when labour supply is endogenous. On … welfare loss roughly equivalent to a 2.5% decline in lifetime consumption. Assuming Cobb-Douglas preferences, this number is …