variables over the period 1970 to 2013. For the baseline simulation, the welfare gain for capital owners is 3.7% of per …-period consumption while workers suffer a welfare loss of 1.4%. Using counterfactual simulations, we find that both groups could have …

We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …

utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as … gathering that something similar holds for aggregate welfare, i.e. that GDP alone is an insufficient predictor for various …

We consider the notion of welfare stigma à la Besley and Coate (1992b). This stigma is attributed to welfare claimants … by society when they are perceived as undeserving in the sense that they falsely claim to be eligible for welfare … benefits. However, due to imperfect information, this stigma may be extended, with some probability, to all welfare claimants …

strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not …

. The policy positions taken can often be determined by ideology. We examine economic policy positions by investigating …

reform in China that was rolled out between 2004 and 2010 with the explicit intention of shaping youths’ ideology. To measure …

to influence a smaller number of decision makers. Ideology can influence whether rent seeking is recognized to exist. …