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Poverty – differently defined and measured – still remains one the crucial parts of the world development debate. It … an specific approach to poverty issues, treating low incomes as consequence – not a cause – of poverty. The main target … of the work is twofold. Firstly we aim to develop a new complex measure of relative poverty to set the most recent …
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We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
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An ideal state of development, when viewed with fantasy, is nothing but a state or condition where light touches everybody without refraction. The diagonal line of the Lorenz Curve Framework represents such an ideal condition. In the presence of inequality, however, it deviates or refracts from...
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