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Trade Liberalization and Income Distribution.

Davis, D-R - Harvard Institute of Economic Research (HIER), … - 1996

Empirical work relating trade liberalization and income distribution has identified an important anomaly. The Stolper …-Samuelson theorem predicts that trade liberalization will shift income toward a country's abundant factor. For developing countries …, this suggests liberalization will principally benefit the abundant unskilled labor. Yet extensive empirical studies have …

Persistent link: https://www.econbiz.de/10005245575

Sibling Rivalry, Resources Constraints, and the Health of Children.

Garg, A; Morduch, J - Harvard Institute of Economic Research (HIER), … - 1996

Low levels of human capital ivnestment in poor countries have important implications for economic growth, distribution, and social conditions -- and competing explanations for the low levels have been suggested. The most prominent explanations cite low returns, parental preferences, cultural...

Persistent link: https://www.econbiz.de/10005245671

DEBT; POLICY PERFORMANCE: AN INTRODUCTION.

COLLINS, S.M. - Harvard Institute of Economic Research (HIER), … - 1989

Persistent link: https://www.econbiz.de/10005633715

Nash Equilibrium and Welfare Optimality

Maskin, E. - Harvard Institute of Economic Research (HIER), … - 1998

If A is a set of social alternatives, a social choice rule (SCR) assigns a subset of A to each potential profile of individuals' preferences over A, where the subset is interpreted as the set of "welfare optima". A game form (or "mechanism") implements the social choice rule if, for any...

Persistent link: https://www.econbiz.de/10005245614

Making Dynamic Welfare Comparisons.

Weitzman, M.L. - Harvard Institute of Economic Research (HIER), … - 1999

For guidance in determining which items should be included in comprehensive NDP and how they should be included, reference is often made to the linearized Hamiltonian from an optimal growth problem. The paper gives a rigorous interpretation of this procedure in terms of a money-metric utility...

Persistent link: https://www.econbiz.de/10005245621

A Contribution to the Theory of Welfare Comparisons.

Wetizman, M.L. - Harvard Institute of Economic Research (HIER), … - 1999

Using only information based on currently-observable market behavior, the paper shows how to make rigorous dynamic welfare comparisons among economies or economic situations having arbitrarily-different endowments and technologies,but sharing a common dynamic preference ordering. The correct...

Persistent link: https://www.econbiz.de/10005245670

The Linearized Hamiltonian as Comprehensive NDP.

Weitzman, M.L. - Harvard Institute of Economic Research (HIER), … - 1998

For guidance in determining which items should be included in comprehensive NDP and how they should be included, reference is often made to the libearized Hamiltonian from an optimal growth problem. This note shows how the heuristic linearized-Hamiltonian argumentcan be given a rigorous welfare...

Persistent link: https://www.econbiz.de/10005256014

On the Welfare Significance of Green Accounting as Taught by Parable.

Weitzman, M.L.; Lofgren, K.G. - Harvard Institute of Economic Research (HIER), … - 1996

"Green NNP" is a national accounting concept that substracts off from GNP not just depreciation of capital, but also depletion of environmental assets evaluated at competitive of efficiency prices. Recent literature shows that, for a time-autonomous technology, Green NNP has regorous welfare...

Persistent link: https://www.econbiz.de/10005256018

THE EXCESS BURDEN OF TAXATION IN THE U.S..

JORGENSON, D.W.; YUN, K.Y. - Harvard Institute of Economic Research (HIER), … - 1990

Persistent link: https://www.econbiz.de/10005777206

IMPERFECT ANNUITY MARKETS, UNINTENDED BEQUESTS AND THE OPTIMAL AGE STRUCTURE OF SOCIAL SECURITY BENEFITS.

FELDSTEIN, M. - Harvard Institute of Economic Research (HIER), … - 1989

Persistent link: https://www.econbiz.de/10005777212