empirical setting is the U.S. welfare reform in 1996, which marked the most dramatic shift in social policy since the New Deal …

Workfare proposals concentrate on the work incentives for welfare recipients, thus focusing on the labor supply side … number of recipients of public financial assistance, a workfare regime, as opposed to a welfare system, weakens the outside …

heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration …

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 …

catastrophes as infinitely bad, even though each individual's utility function is bounded. Finally, I suggest that the welfare … changes. Drawing on recent work in population ethics I propose an alternative welfare framework with normatively desirable … properties, which has the effect of dampening the contribution of catastrophes to welfare. …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … structure. I show that one cannot determine which regulatory instrument that induces the highest expected welfare based on the …

Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … of input they purchase. We show that the welfare ranking may be reversed once we introduce a nonnegativity constraint on …