Showing 1 - 10 of 38
I explore the connection between income inequality and health in both poor and rich countries. I discuss a range of mechanisms, including nonlinear income effects, credit restrictions, nutritional traps, public goods provision, and relative deprivation. I review the evidence on the effects of...
Persistent link: https://www.econbiz.de/10012470406
I present a model of mortality and income that integrates the 'gradient,' the negative relationship between income and mortality, with the Wilkinson hypothesis, that income inequality poses a risk to health. Individual health is negatively affected by relative deprivation within a reference...
Persistent link: https://www.econbiz.de/10012470630
What is inequality in health? Are economists' standard tools for measuring income inequality relevant or useful for measuring it? Does income protect health and does income inequality endanger it? I discuss two different concepts of health inequality and relate each of them to the literature on...
Persistent link: https://www.econbiz.de/10012471653
This paper is concerned with the theory of saving when consumers are not permitted to borrow, and with the ability of such a theory to account for some of the stylized facts of saving behavior. When consumers are relatively impatient, and when labor income is independently and identically...
Persistent link: https://www.econbiz.de/10012475841
The paper considers avariety of evidence that casts light on the validity of the life-cycle model of consumer behavior. In the first part of the paper, simple non-parametric tests are used to examine representative agent models of consumption and labor supply. It seems extremely unlikely that...
Persistent link: https://www.econbiz.de/10012477165
Randomized controlled trials have been used in economics for 50 years, and intensively in economic development for more than 20. There has been a great deal of useful work, but RCTs have no unique advantages or disadvantages over other empirical methods in economics. They do not simplify...
Persistent link: https://www.econbiz.de/10012481453
There is a widespread belief that the COVID-19 pandemic has increased global income inequality, reducing per capita incomes by more in poor countries than in rich. This supposition is reasonable but false. Rich countries have experienced more deaths per head than have poor countries; their...
Persistent link: https://www.econbiz.de/10012482610
I respond to Atkinson's plea to revive welfare economics, and to considering alternative ethical frameworks when making policy recommendations. I examine a measure of self-reported evaluative wellbeing, the Cantril Ladder, and use data from Gallup to examine wellbeing over the life-cycle. I...
Persistent link: https://www.econbiz.de/10012453345
During 2006, the Gallup Organization conducted a World Poll that used an identical questionnaire for national samples of adults from 132 countries. I analyze the data on life satisfaction (happiness) and on health satisfaction and look at their relationships with national income, age, and...
Persistent link: https://www.econbiz.de/10012465333
People in poor countries live shorter lives than people in rich countries so that, if we scale income by some index of health, there is more inequality in the world than if we consider income alone. Such international inequalities in life expectancy decreased for many years after 1945, and the...
Persistent link: https://www.econbiz.de/10012465925