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Standard household economics assumes that couples pool their incomes and share the sum equally, which is a necessary … satisfaction. Concerning the relation between income sharing and income pooling, I account not only for the dominance of pooling … advancement of this paper is the use of panel data, which enables me to account for unobserved heterogeneity at the household …
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In this paper, we convey the concept of first-order dominance (FOD) with particular focus on applications to multidimensional population welfare comparisons. We give an account of the fundamental equivalent definitions of FOD, illustrated with simple numerical examples. An implementable method...
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The limitations of GDP as a measure of welfare are well known. We propose a new method of estimating the well-being of nations. Using gross bilateral international migration flows and a discrete choice model in which everyone in the world chooses a country in which to live, we estimate each...
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