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This paper is an assessment of the approach suggested by Gary Fields for measuring inequality in an economy with high-income sector enlargement. This approach describes the change in inequality according to a U-pattern, instead of the inverted U-pattern described by other indices. We argue that...
Persistent link: https://www.econbiz.de/10005729309
Intertemporal social-evaluation rules provide us with social criteria that can be used to assess the relative desirability of utility distributions across generations. The trade-offs between the well-being of different generations implicit in each such rule reflect the underlying ethical...
Persistent link: https://www.econbiz.de/10005729702
Non-agricultural income has become an important source of rural household income and has brought with a wide inequality in rural China. This paper investigates the determinants of non-agricultural employment as well as non-agricultural income and then assesses the contribution of these...
Persistent link: https://www.econbiz.de/10005730737
This essay argues how the structure of higher education in Colombia is a reflection of a dependent organizational political contract with tenuous advances on independence. Therefore, its implementation requires higher cost in terms of political transaction compared with a contract of...
Persistent link: https://www.econbiz.de/10005817033
This paper analyses a two-period foreign-aid model where assistance can be given in the form of consumption or population control aid.
Persistent link: https://www.econbiz.de/10005818070
Persistent link: https://www.econbiz.de/10005818343
A server processes one job per unit of time and randomly schedules the jobs requested by a given set of users; each user may request a different number of jobs. Fair queuing (Shenker 1989) schedules jobs in successive round-robin fashion, where each agent receives one unit in each round until...
Persistent link: https://www.econbiz.de/10005819009
We confront two common objections to Harsanyi's impartial observer theorem: one to do with 'fairness', and the other to do with different individuals' having different attitudes toward risk. Both these objections can be accommodated if we drop the reduction axiom: in particular, if we...
Persistent link: https://www.econbiz.de/10005819018
This paper addresses the problem of intergenerational and intragenerational distribution in a pay-as-you-go pension system. While each generation pays the pensions of the preceding generation, they also bear the burden of raising the next. The burden of child care is unevenly distributed within...
Persistent link: https://www.econbiz.de/10005819607
As modern economists, we use Adam Smith's "invisible hand" metaphor confident that we all know what it means in our discourse: it reflects our admiration for the elegant and smooth functioning of the market system as a coordinator of autonomous individual choices in an interdependent world. But...
Persistent link: https://www.econbiz.de/10005820077