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 …

German welfare system and identify differences in the effects determined by unobservable factors. Based on comprehensive and …

The article analyzes the welfare impact of Germany's tenant protection law. It shows why tenants do not demand …

. Through a comparison of social welfare given the strategies chosen by local governments, the author shows that whatever the …

consumption, investment, and welfare of farmers in developing countries. Weather insurance has the potential to provide large … welfare gains, equivalent to a permanent increase in consumption of almost 17%. Moreover, it can allow for the adoption of … riskier but more productive seeds, further enhancing welfare. The interplay with other uninsured risks, the presence of …

social welfare. The quantitative implications of income tax progressivity increments are illustrated for the US economy under … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across …

effects on economic inequality and welfare. For that purpose we built a general equilibrium heterogeneous-agent model capable … wealth. The results show a quite impressive positive welfare gain despite significant transition costs. The simulations point … economy evolves to its final steady state equilibrium. Overall, the welfare gains are slightly biased towards wealthier …