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Frequent violations of fair principles in real-life settings raise the fundamental question of whether such principles can guarantee the existence of a self-enforcing equilibrium in a free economy. We show that elementary principles of distributive justice guarantee that a pure-strategy Nash...
Persistent link: https://www.econbiz.de/10012819017
It is well known that income and health are positively associated. Much less is known about the strength of this … by government transfers versus market transfers on changes in income-related health inequality (IRHI) in Europe. Using … European Union Survey of Income and Living Conditions (EU-SILC) panel data for 7 EU countries from 2004 to 2013, we decompose …
Persistent link: https://www.econbiz.de/10011932337
income-related and income-caused health inequality. Participants allocate resources to determine health of individuals …. Identification comes from random variation in resource productivity and in information on income and its causal effect. We gather … maximisation objective of economic evaluation. Aversion to health inequality is even stronger when it is related to income. However …
Persistent link: https://www.econbiz.de/10014321792
Conditional Cash Transfers (CCTs) provide income to the poor in an effort to improve current welfare and promote …
Persistent link: https://www.econbiz.de/10011429307
Este trabajo realiza un estudio comparativo del impacto de las remesas y la migración internacional sobre la pobreza y la desigualdad en cuatro países latinoamericanos con importantes procesos migratorios (Ecuador, El Salvador, Honduras y Nicaragua). A partir de encuestas de hogares se estiman...
Persistent link: https://www.econbiz.de/10011429322
European countries have the world's most redistributive tax and transfer systems. While they have been well equipped to deal with vertical inequality – that is, fostering redistribution from the rich to the poor – less is known about their performance in dealing with horizontal inequality,...
Persistent link: https://www.econbiz.de/10011956678
Annual, before-tax income is the most common official statistic used to measure economic well-being and therefore … underlies the design of most anti-poverty programs or other redistributive economic policies. Notwithstanding, extended income … income and age groups, and somewhat different answers about trends in resources over time. More importantly, by explicitly …
Persistent link: https://www.econbiz.de/10010317585
This paper reports information on income inequality in Latin America and the Caribbean computed from a sample of more … income inequality, we also report results on aggregate welfare and polarization. Inequality has moderately increased in South …
Persistent link: https://www.econbiz.de/10011941057
This paper examines the consequences of international financial integration in a two sector heterogeneous agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the macroeconomic and distributional effects of financial market...
Persistent link: https://www.econbiz.de/10010328743
This paper combines the standard incomplete markets model of uninsurable idiosyncratic risks and borrowing constraints with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter also endogenously determined in equilibrium. We derive...
Persistent link: https://www.econbiz.de/10010282062