We measure country welfare by an index number calculated from welfare components like GDP per capita and expected … length of life. We rank countries from high to low welfare using such estimated welfare indices. In such calculation the … chosen welfare components, the procedures used to normalize them, and the weight structure are important. Changing the …

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic … profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating …