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Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10009756103
. We use probability theory to derive initial results, including both distribution-independent and distribution … power depend on the configuration of agreements and disagreements; (2) Independence of mind reduces wage inequality, and … cross-context mixtures will display a wide variety of shapes. -- Wage-setter ; power ; consensus ; independence of mind …
Persistent link: https://www.econbiz.de/10003778992
five in the unification of three fundamental sociobehavioral forces -- justice, status, and power -- and the subsequent …
Persistent link: https://www.econbiz.de/10003460687
given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies … weighted by power. Our second result clarifies how the success of an interest group hinges on the dominance of its ideology in … effect of ideological predispositions and power on the efforts of the interest groups. -- policy formation ; political …
Persistent link: https://www.econbiz.de/10009675135
vote independently of each other. Thus, we receive as an empirical result what the previous voting power literature assumed. …
Persistent link: https://www.econbiz.de/10012019199
"According to the "compensation theory", market forces should assure a complete compensation of the initial labour …
Persistent link: https://www.econbiz.de/10003451834
) the systemic exploitation of inequality via novel and toxic forms of securitisation. In effect, the power structure of …
Persistent link: https://www.econbiz.de/10009524338
. -- macroeconometric models ; DSGE ; VARs ; long run theory …
Persistent link: https://www.econbiz.de/10009248176
Conflicting views about the degree of long-run mobility across multiple generations persist because direct empirical evidence is scarce. Predictions are instead routinely derived by iteration of intergenerational measures, a procedure which implies high long-run mobility even when...
Persistent link: https://www.econbiz.de/10009679503
It is now a commonplace that the unfunded public pension systems of many OECD countries will run into severe financing problems in the coming decades due to a dramatically increasing pensioner/worker ratio. While this diagnosis is completely undisputed, there is still a vigorous debate on the...
Persistent link: https://www.econbiz.de/10011402882