(1988-2008), we tell the story of this descent into hell from the standpoint of poverty and living standards. In 2008, after … five years of civil war and another episode yet to come (2010-11), the extreme US$1.25 poverty headcount had reached a …

undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical …

implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … poverty has declined greatly but by others it has hardly declined at all, even over the fifty years. The global middle class …

welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous … effects on technological progress and welfare, which depend critically on the risk sharing capacity of the economy's financial … allocation and creates a negative uncertainty-related welfare effect, at the same time as it accelerates technological progress …

paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in … life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality …

This paper compares the determinants of economic growth and welfare growth. Our main result is that determinants may … differ or have different impact on welfare outcomes as compared to economic outcomes. Human capital plays a bigger role in … determining the former, so that policies targeting human capital can have a greater effect on the welfare of societies than one …