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 …

, thereby causing substantial welfare losses. This paper finds that indexing aid flows to exogenous shocks like a change in the … terms of trade can significantly improve the welfare of aid-dependent country by lowering its output and consumption …. Moreover, use of indexed aid can allow donors to reduce the aid flows by three percent without lowering the level of welfare in …

feature of the main welfare scheme in France (Revenu Minimum d'Insertion, RMI), namely that childless adults under age 25 are …

We examine the impact of high school graduation on the probability individuals from welfare backgrounds use welfare … their own and their parents' welfare records. We address potential endogeneity problems by: 1) controlling for ability using …- Singer type unobserved heterogeneity estimator. Graduation would reduce welfare receipt of dropoutsby Ý to 3/4. Effects are …

standards enhances Southern welfare unambiguously. …

System will have positive effects in terms of GDP and welfare in the selected EU Member States. …

agglomeration is highest when trade costs are high. Besides this minor problem, the second critical issue concerns the welfare … and underagglomeration when trade costs are low, bringing it in line with other welfare analyses of new economic geography …