Showing 101 - 110 of 110
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our results suggest that there is no robust...
Persistent link: https://www.econbiz.de/10011124890
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10011103396
Social justice is a topic of importance to social scientists and also political decision makers. We examine the relationship between globalization and social justice as measured by a new indicator for 31 OECD countries. The results show that countries that experienced rapid globalization enjoy...
Persistent link: https://www.econbiz.de/10011167134
I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is...
Persistent link: https://www.econbiz.de/10011086452
A recent experimental study by Falk and Szech (Science, 2013) concludes that „markets erode moral values”. If this were true, economists, who have emphasized the efficiency enhancing effects of markets for centuries, would have to reconsider their judgments fundamentally. This would be no...
Persistent link: https://www.econbiz.de/10010761528
Much of the theoretical literature on inequality assumes that the equalisand is a cardinal variable like income or wealth. However, health status is generally measured as a categorical variable expressing a qualitative order. Traditional solutions involve reclassifying the variable by means of...
Persistent link: https://www.econbiz.de/10010701089
(2012) find a positive effect of the reform on lone mothers’ labour supply and a small reduction in poverty. Is the best … result that policy makers could obtain in terms of poverty reduction? In this paper, I estimate a discrete choice model of … have minimized poverty among lone mothers. …
Persistent link: https://www.econbiz.de/10010877897
tax have a significant negative effect on the household GINI index and on poverty. We also examine three alternative …
Persistent link: https://www.econbiz.de/10010781552
domestic prices. Under perfect pass-through, the mandate leads to a reduction in rural poverty by about 39 million people, and … poverty increase by a total of 8 million people. Our study suggests that the US biofuel mandate may lead to modest increase in …
Persistent link: https://www.econbiz.de/10011123798
In recent decades the Indian subcontinent has displayed remarkable invariance in the incidence of working poverty … despite strong economic performance. It is widely held that education can rescue households from various types of poverty … though social deviance in acquiring education can throw subjects into abject poverty. In particular, the paper examines the …
Persistent link: https://www.econbiz.de/10010693470