This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare … consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and … derive analytical expressions for income mobility and welfare as a function of the various parameters of the underlying …

-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …, but the welfare of unemployed households decreases even with moderate degree of risk aversion. …

Children have been given only 4.6 per cent of the total budget of 2014 -15. In fact the share of children in has …

Budget Speech by Minister of Finance. [Government of Gujarat]. URL:[http://financedepartment.gujarat.gov.in/budget12 …