This paper extends the previous literature on the normative links between the measurement of poverty, social welfare … poverty may be interpreted as a robust ranking of social welfare, and a robust ranking of relative poverty may be interpreted … maximum poverty line is bounded and for certain orders of stochastic dominance, so long as social welfare and inequality …

Income variablity reduces social welfare if individuals are risk averse, and it is likely to increase inequality if … welfare and wage data from Mexico, this note shows that it is easier for safety nets to offset the impact of risk on wage … inequality than on welfare. This is because apart from its impact on inequality, risk reduces the certainty equivalent income of …

educated males who participate in welfare training programs do worse on the labour market than those who do not participate. On … duration times in any of the seven states considered are sensitive to variations in program parameters such as welfare benefits …

This paper extends the previous literature on the normative links between the measurement of poverty, social welfare … poverty may be interpreted as a robust ranking of social welfare, and a robust ranking of relative poverty may be interpreted … maximum poverty line is bounded and for certain orders of stochastic dominance, so long as social welfare and inequality …

In this paper, we measure the welfare costs/gains associated with financial market incompleteness in a monetary union … rise to a lower volatility of national inflation rates, which proves welfare improving with respect to the situation of … complete financial markets. The corresponding welfare gains are equivalent to an average increase of 1.8% of permanent …

a higher education subsidy cut reduces welfare and increases poverty in Vietnam. While rural and agricultural households …

policy, the government can improve social welfare by limiting the degree of pass-through of oil prices. We find, however …, that the welfare gain from pursuing such a policy is negligible. …

and show that welfare can be higher under incomplete markets than under complete markets. The argument is a second … rates. Through this channel, welfare ends up being higher under incomplete markets. These results are also robust when …