Showing 1 - 10 of 1,056
This paper studies multi-dimensional aspects of deprivation associated to the living conditions and inequality status …
Persistent link: https://www.econbiz.de/10011260937
A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...
Persistent link: https://www.econbiz.de/10011260788
individual in a group wins and receives an award, generating a greater income inequality - or to have a public good that benefits … driven more by their income inequality-averse preferences. …
Persistent link: https://www.econbiz.de/10011113335
We prove the existence of a Pareto optimal state of a finite society that has socially differentiated persons, each with non-binary personal preferences that quasi-order a finite set of alternatives. Everybody engages in a volitional act of choice by maximization of non-binary preferences. As a...
Persistent link: https://www.econbiz.de/10011111129
This paper formulates a simple mathematical framework for the selection of an optimum "relative unanimity” collective decision rule. The approach is first to identify the benefits of moving from a rule of simple majority towards a rule of full unanimity. Then, the costs of moving from simple...
Persistent link: https://www.econbiz.de/10011260983
We model the evolution of age-dependent personal income distribution and inequality as expressed by the Gini ratio. In … our framework, inequality is an emergent property of a theoretical model we develop for the dynamics of individual incomes … in the Gini ratio since 2000. In the youngest age group (from 15 to 24 years), however, the level of income inequality …
Persistent link: https://www.econbiz.de/10011259180
decomposition revealed that intergroup inequalities contribute most to the overall inequality. This indicates that the poverty gap …
Persistent link: https://www.econbiz.de/10009277276
In this paper we attempt to examine the role of social inequality and status effects in driving trade between two … level of inequality is likely to export the non-status good to the country characterized by a lower level of inequality …, thus, establishing the extent of inequality as a determining factor behind comparative advantage. …
Persistent link: https://www.econbiz.de/10011112807
economic, institutional, and cultural environment. If inequality is high, property rights are poorly protected, and social …
Persistent link: https://www.econbiz.de/10008674246
This paper explores the relevance of soft budget constraints (SBC) to development studies by examining the parastatal sector. The political ingredient of the SBC is discussed by focusing on two examples: 1) religious and military foundations in Iran; and 2) Fannie Mae and Freddie Mac. It...
Persistent link: https://www.econbiz.de/10011261150