An overlapping generations model of social security with labor and capital productivity shocks and demographic shocks is studied.

After almost three decades of sustained economic growth, Indonesia is currently in the midst of a major economic and financial crisis. This paper seeks to contribute new evidence on three questions: who has been affected most by the crisis, how they have been affected and how they have responded...

This paper employs bivariate probit estimation procedures and non-independente selectivity adjustments to investigate the determinants of the joint welfare participation-labour supply decisions made by single male, single females, lone fathers and lone mothers, using data from the 1988-1989 LMAS.

Recent research on household behavior suggests that, ceteris paribus, a woman's "power" within a household influences consumption and time allocation choices. From an empirical point of view, a central stumbling block in this line of inquiry has been identification of sources of "power" that can...

This paper evaluates the effectiveness of recent welfare reforms, investigating the effects of both state-specific waivers in the early 1990s and the 1996 federal reform legislation. Unlike earlier work, the authors analyze a wide array of indicators, including welfare participation, labor...

As is amply documented, there appears to be a large discrepancy between the marginal propensity to purchace food ou of cash income and that out of food stamps. In this paper, we have examined both the formal and empirical bases of the claim that marginal welfare stigma explains this puzzling...

This paper examines inequality in Australia using four Household Expenditure Surveys (HES) between 1975/76 and 1993/94, from the Australian Burau of Statistics (ABS). The effects on inequality of the choice of welfare variable, equivalence scale and price index are examined.

We consider social insurance schemes with a two-part benefit formula: a flat (constant) term and a variable term which is proportional to individuals' contributions. The factor of proportionality defines the type of social insurance. We adopt a two-stage political economy approach. At the first,...

This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to giving to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decresases with income. To avoid these...