2035 by about 0.7 percentage point, and the risk-free rate by about one percentage point, leading to substantial welfare …

increases the within-industry variance of, sales and reduces welfare gains as consumers dislike price heterogeneity. Our theory …

negative effect on the welfare of low skill workers in manufacturing (-0.6%), but all other worker groups are gaining from … policy implementing equal employment opportunities can generate a welfare gain equal to +0.9% with all worker groups (weakly …

show that the fiscal output multiplier is much larger in the presence of hysteresis and that the welfare multiplier of … fiscal policy - the consumption equivalent change in welfare for one dollar change in public spending - is positive (negative …

to find out the effects of foreign capital inflow on welfare of the country. Comparative-static results show that foreign …

. Our exercise suggests that the endogenous adjustment of low-skill workers can only partially offset the welfare …-deteriorating effects of offshoring. As a result, we aim at restoring welfare by increasing the opportunity cost of staying low-skill. In … addition to this, we also consider labor flexibility as an effective policy to deal with the adverse welfare effects of …

This paper examines the effect of international migration on the welfare of family members left behind at the origin … provides a new unified framework that generates testable predictions of whether migration increases non-migrants' welfare in … improves left-behinds' welfare through two different channels: (i) migrants' remittances exceed their forgone income …

Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … of input they purchase. We show that the welfare ranking may be reversed once we introduce a nonnegativity constraint on …

the excessive entry prediction. Tax evasion raises the number of firms in market equilibrium and can alter their welfare … the direct welfare consequences of tax evasion and the relationship between evasion and the tax base. We also determine … conditions which imply that overall welfare declines with tax evasion. …