We suggest that stabilizing the baseline income can make low-wage workers more tolerant towards high income earners. We present evidence of this attitude in the UK by exploiting the introduction of the National Minimum Wage (NMW), which institutionally sets a baseline pay reducing the risk of...

In Nudge (2008) Richard Thaler and Cass Sunstein suggested that public policy-makers arrange decision-making contexts in ways to promote behaviour change in the interest of individual citizens as well as that of society. However, in the public sphere and Academia alike widespread discussions...

Legislative misbehavior is best curbed through rational legislating requirements, whereby legislators must include in the legislative record an explicit elaboration of the path of lawmaking - from evidence, through findings, to ultimate conclusions - that clearly sets out the analytic connection...

The principle of equality of capabilities developed by Sen and Nussbaum aims at providing a new conception of equality of opportunity, alternative to the major criteria so far formulated, and in the first place to the principle deriving from equality of resources. Recently, however, the...

Many empirical studies illustrate the natural correlation between freedom and economic prosperity. Therefore, the quality of economic and political institutions that prevail in a country must be assessed considering their capacity to promote a lower level of government intervention in all...

The cross-country correlation between social trust and income equality is well documented, but few studies examine the direction of causality. We show theoretically that by facilitating cooperation, trust may increase efficiency and lead to more equal outcomes, while the feedback from inequality...

Este trabajo evalúa qué variables caracterizan el nivel de desarrollo y calidad de vida de las comunida- des que habitan las localidades de Bogotá. Para lograr este objetivo se recolectó información de 19 de ellas, dentro de las cuales se analizó el indicador compuesto de necesidades...

The cross-country correlation between social trust and income equality is well documented, but few studies examine the direction of causality. We show theoretically that by facilitating cooperation, trust may lead to more equal outcomes, while the feedback from inequality to trust is ambiguous....

As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...

Настоящий научный доклад посвящен анализу экономических реформ, осуществляемых в России после 2000 г. и оказывающих непосредственное влияние на человеческий...