The discussion presently taking place in the large eurozone economies about the reform of the social welfare state is dominated by two assertions: Western Europe as an investment location is too expensive due to its high tax burden, and, second, countless jobs are threatened from low-wage...

This evaluation of the Greenland Decision (GD) will feed into the Mid-Term Review of the European Union’s 2014-2020 External Financing Instruments (EFIs), taking place in 2017. The evaluation assesses whether the instrument is fit for purpose to deliver EU resources in keeping with the EU‘s...

We examine the socially optimal wealth distribution in a two-person two-good model with heterogeneous workers and asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the other (non-social) individual. We show that the...

We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....

This Joint Staff Advisory Note reviews the first Annual Progress Report (APR) of The Gambia’s Poverty Reduction Strategy Paper (PRSP). The APR indicates that The Gambia’s progress in implementing the PRSP has been uneven. Slow implementation mainly reflected low capacity, a lack of...

This paper examines Pakistan’s Poverty Reduction Strategy Paper (PRSP) Preparation Status Report. The formulation of the Interim PRSP (I-PRSP) was the first step in the direction of preparing a comprehensive national antipoverty strategy that encompasses the economic, structural, and...