Showing 1 - 10 of 701
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U … relationship between growth and inequality can take the form of a wave. Secondly, we examine the issue of the existence of …
Persistent link: https://www.econbiz.de/10010531112
convinced that higher growth would reduce income poverty to an acceptable margin, there appears to be little concrete policy … possibly rising inequality would ensure that a great many would fall through the cracks, and not benefit from high growth, even …This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are …
Persistent link: https://www.econbiz.de/10011400868
We show that a transfer targeting a minority of the population is sustained by majority voting, however small the minority targeted, when the probability to receive the transfer is decreasing and concave in income. We apply our framework to the French social housing program and obtain that...
Persistent link: https://www.econbiz.de/10010384383
When the public provision of private goods is partial rather than universal, public supply may be supplemented by the entry of private firms in the market for the private good. The main purpose of this paper is to explore whether partial public provision helps or hinders aggregate access to the...
Persistent link: https://www.econbiz.de/10011514028
Poverty-reducing policies ought to prioritize the "deserving" poor, that is, those who do all that can be reasonably … of poverty indices that address these issues. Formally, poverty is measured by the sum of specific indices of individual … are unwilling to accept a job that brings them out of poverty. …
Persistent link: https://www.econbiz.de/10012194312
We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to lend money to wealthier borrowers rather than to the very poor. We focus on the relationship between MFIs and external funding institutions. We assume that both the MFIs and the...
Persistent link: https://www.econbiz.de/10012433762
current level of utility is lower than this value, there is room for growth of both the utility level and the maximin value …. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin … growth to stop, and the adoption of maximin decisions instead of the current ram. We illustrate this pattern in two canonical …
Persistent link: https://www.econbiz.de/10012104003
We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and...
Persistent link: https://www.econbiz.de/10011657885
This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012171696
growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … inequality. The impact of these twocountries is similarly critical with respect to global poverty reduction. …This paper presents estimates of world output growth from 1970 to 2000, the distribution of income among countries and …
Persistent link: https://www.econbiz.de/10011514125