In 2010 the UNDP unveiled a new methodology for the calculation of the Human Development Index (HDI). In this paper I investigate the normative and practical properties of this change vis a vis the original formulation of the HDI in 1990. The main conceptual innovation of the new index can be...

Re-visiting research begun a decade ago, we examine the design and implementation of a modern currency transaction tax, the original financial transaction or Tobin tax. We show how a feasible CTT can be collected, and we estimate CTT revenues and market impact based on alternative tax rates. We...

Heterogeneity influences the likelihood of collective action for forest management. Theoretical examinations, focusing largely on economic heterogeneity, suggest that heterogeneity increases the likelihood of collective action. Field research however indicates that heterogeneity, whether in...

This paper analyzes the theoretical and empirical links between inequality in human development on the one hand and sustainability on the other. It specifically looks at causality in both directions. Inequality in various dimensions of human development is analyzed with respect to both weak and...

This paper is a review of the broad human development trends in the South Asian region over the last twenty years. It attempts to identify the changing patterns, the region’s persisting sluggish performance on human development indicators in general as well as country-specific and intracountry...

We use two distinct panel datasets to extract and examine data on the labor share of output. From the first, we examine trends in the economy-wide labor share and from the second, we examine trends in the labor share of the manufacturing sector over the last three decades. Both datasets show...

This paper introduces a new and comprehensive Human Development Index (HDI) trends dataset for 135 countries and 40 years of annual data. We apply this dataset to answer several empirical questions related to the evolution of human development over the last 40 years. The data reveal overall...

Environmental constraints have always had and will always have important consequences for human development. It has sometimes contributed to or even caused the reversal of such development. The possibility that such constraints will grow significantly throughout this century raises the concern...

Sustainability for a society means long-term viability, but also the ability to cope with economic crises and disasters. Just as with natural disasters, we can minimize the chance of them occurring and set in place policies to protect the world’s citizens against their consequences. This paper...