This paper presents a welfare analysis of several capital insurance programs in a rational expectation equilibrium …

Contemporary capitalist societies use different institutions to manage economic risks. While different public welfare … insurance sector, the more it made welfare states liberal and securities markets large. Insurance is thus a hidden factor for … countries' varieties of capitalism and world of welfare. The recent convergence on the Maritime model, however, implies that the …

Contemporary capitalist societies use different institutions to manage economic risks. While different public welfare … insurance sector, the more it made welfare states liberal and securities markets large. Insurance is thus a hidden factor for … countries' varieties of capitalism and world of welfare. The recent convergence on the Maritime model, however, implies that the …

The objectives of government are pivotal to understanding the diverse negative effects of corruption on public welfare …. Corruption renders governments unable or unwilling to maximize welfare. In the first case, it distorts agents' decisions and …

The objectives of government are pivotal to understanding the diverse negative effects of corruption on public welfare …. Corruption renders governments unable or unwilling to maximize welfare. In the first case, it distorts agents decisions and …

the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … wealth, and welfare (assuming that public spending is utility enhancing). The model suggests that the size of government, the … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …

In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To … only when the policy instrument is successful in smoothing the growth rate of human capital. …