This chapter analyzes the evolution of welfare states and redistributive models in Eastern Europe and in the countries belonging to the Commonwealth of Independent States (CIS). The highest levels of total social spending and degrees of redistribution were consolidated in countries with...

There is strong evidence that different income groups consume different bundles of goods. This evidence suggests that trade liberalization can affect welfare inequality within a country via changes in the relative prices of goods consumed by different income groups (the price effect). In this...

People care about relative, and not only absolute, income. This paper investigates the importance of relative income within and between castes in the Indian caste system, using a choice experimental approach. The results indicate that slightly more than half of the marginal utility of income...