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In public policy discourse, the role of government is not universally accepted, but tends to have widespread support. Most of those who want smaller government with fewer programs accede to the notion that government is here to stay in, e.g., care for the poor. This paper challenges the role of...
Persistent link: https://www.econbiz.de/10013123821
comparatively weak, we develop a model that identifies distributional consequences of unemployment with their importance conditional …-income countries, well-being significantly depends on income, in highincome countries on the unemployment-related Gini. Insofar, our … ; Welfare Economics ; Income Distribution ; Unemployment …
Persistent link: https://www.econbiz.de/10009722218
Dynamic discrete-choice models are an important tool in studies of state dependence in benefit receipt. A common assumption of such models is that benefit receipt sequences follow a conditional Markov process. This property has implications for how estimated period-to-period benefit transition...
Persistent link: https://www.econbiz.de/10011453987
A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich-to-poor transfer can induce a response in the individuals'...
Persistent link: https://www.econbiz.de/10012945812
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or the individuals' concern at having a low relative...
Persistent link: https://www.econbiz.de/10011569042
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or the individuals' concern at having a low relative...
Persistent link: https://www.econbiz.de/10011594247
We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the … scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment quot …
Persistent link: https://www.econbiz.de/10012768534
, unemployment and inflation affect happiness as well as how institutional factors, in particular the type of democracy and the …
Persistent link: https://www.econbiz.de/10011398921
, unemployment and inflation affect happiness as well as how institutional factors, in particular the type of democracy and the …
Persistent link: https://www.econbiz.de/10013320949
In order to alleviate child poverty, contemporary European welfare states have shifted their focus increasingly towards child-centred investment strategies. However, studies assessing the generosity of welfare states to families with children focus mainly on the role of cash benefit packages, or...
Persistent link: https://www.econbiz.de/10011925823