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Income mobility, income risk, and welfare

Krebs, Tom; Krishna, Pravin; Maloney, William F. - In: The World Bank economic review : WBER 33 (2019) 2, pp. 375-393

Persistent link: https://www.econbiz.de/10012172203

Production externalities and investment caps : a welfare analysis under uncertainty

Di Corato, Luca; Maoz, Yishay - 2019

Persistent link: https://www.econbiz.de/10012005647

Volatility risk and economic welfare

Xu, Shaofeng - In: Journal of economic dynamics & control 80 (2017), pp. 17-33

Persistent link: https://www.econbiz.de/10011817622

Income risk, income mobility and welfare

Krebs, Tom; Krishna, Pravin; Maloney, William F. - 2013

Persistent link: https://www.econbiz.de/10011819946

Business cycle uncertainty and economic welfare revisited

Heiberger, Christopher; Maußner, Alfred - 2018 - Preliminary version

Cho, Cooley, and Kim (RED, 2015) (CCK) consider the welfare effects of removing multiplicative productivity shocks from real business cycle models. In a model that admits an analytical solution they argue convincingly that the positive welfare effect of removing uncertainty can be dominated by a...

Persistent link: https://www.econbiz.de/10011881736

Idiosyncratic risk, aggregate risk, and the welfare effects of social security

Harenberg, Daniel; Ludwig, Alexander - 2018 - This version: December 1, 2017

productivity and aggregate business cycle risk. We show analytically that the whole welfare benefit from joint insurance against … both risks is greater than the sum of benefits from insurance against the isolated risk components. One reason is the … convexity of the welfare gain in total risk. The other reason is a direct risk interaction which amplifies the utility losses …

Persistent link: https://www.econbiz.de/10011816319