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Welfare states influence the social structure of societies as well as inequalities in various ways. The paper presented here discusses whether specific structures of inequality can be identified in different welfare regimes, i.e. whether specific population groups (elderly, unemployed, single...
Persistent link: https://www.econbiz.de/10010217867
We consider three transfer models with a representative individual who discounts the utility of the merit good with respect to the standard one's. In each model, a paternalistic government taxes the consumer and transfers him additional merit goods in return. The private purchase of the merit...
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The paper consists of a discussion on the relevance of non-income drivers of welfare. This discussion is based on a subjective Bayesian reasoning, where welfare perceptions are subjectively rational decisions of individuals, who are, as author suggests, the ultimate decision-makers in respect of...
Persistent link: https://www.econbiz.de/10012027102
Korpi and Palme's (1998) classic "The Paradox of Redistribution and Strategies of Equality" claims that universal social policy better reduces poverty than social policies targeted at the poor. This article revisits Korpi and Palme’s classic, and in the process, explores and informs a set of...
Persistent link: https://www.econbiz.de/10012035065
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This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social criterion can, under some conditions, imply a COVID-19...
Persistent link: https://www.econbiz.de/10012313558
The principle of labour defence has traditionally informed welfare policy in New Zealand. By promoting full employment and ensuring employers paid a living wage, government could foster economic security for the unionised workingman and his family. Nordic-style social insurance schemes, which...
Persistent link: https://www.econbiz.de/10012966494
In their quest to maximize efficiency, law and economics scholars often produce novel, creative, and counterintuitive legal rules. Indeed, legal economists have argued for baby selling, against anti-discrimination laws in the workplace, and for insider trading. In this essay, we discuss some...
Persistent link: https://www.econbiz.de/10014219759