We consider the notion of welfare stigma à la Besley and Coate (1992b). This stigma is attributed to welfare claimants … benefits. However, due to imperfect information, this stigma may be extended, with some probability, to all welfare claimants …. We examine the implications of this kind of stigma for the design of welfare programs. …

social welfare. …

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 …

social welfare function. We support this position by showing that, also from the view point of sustainability, application of …