Democratic capitalism has become the popular paradigm in the modern world, and it is spreading further through globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which may worsen despite overall gains in wealth. In this paper, we suggest that democratic capitalist societies may benefit from the application of what has b...

Leaving Poverty Behind? The Effects of Generous Income Support Paired with Activation We evaluate a comprehensive activation program in Norway targeted at hard-to-employ social assistance claimants with reduced work capacity. The program offers a combination of tailored rehabilitation, training and job practice, and a generous, stable, and non-meanstested benefit. Its main aims are to mitigate ...

Inequalities and Their Measurement This paper is a review of the recent advances in the measurement of inequality. Inequality can have several dimensions. Economists are mostly concerned with the income and consumption dimensions of inequality. Several inequality indices including the most widely used index of inequality namely the Gini coefficient is discussed. Non-income inequality includes i...

The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution of household consumption, not just about its conditional mean. In the paper, we study the empirical transition matrix of consumption using a panel drawn from the Bank of Italy Survey of Household Income and Wealth. We estimate the parameters that minimize the distance between th...

We leverage non-linearities in Danish child support guidelines and rich administrative data to provide causal estimates of parental behavioral responses to child support obligations. We estimate that a 1, 000 DKK ($160) increase in a father’s obligation is associated with a 273 DKK ($45) increase in his payment. A higher obligation reduces father-child co-residence, pointing to substitution bet...

Continental and Sub-Continental Income Inequality Income inequality can be measured at different levels of aggregation such as global, continental, international and national levels. Here we consider income inequality at regions defined as equivalent of continental and sub-continental levels. We investigate the economic disparity between regions of the world and among countries within each cont...

The asymmetric unit of the title compound, (C(6)H(6)N(3))[CoCl(3)(C(6)H(5)N(3))]·H(2)O, contains two crystallographically independent cations, two anions and two water mol-ecules. The structure has been reported previously [Zhang, Li, Wang, Xie, Wang & Shen (2004 ▶). Acta Cryst E60, m498-m500] as a neutral cobalt(III) complex accompanied by unprotonated benzotriazole mol-ecules and here has bee...

For two independent principles of intergenerational equity, the implied discount rate equals the growth rate of real percapita income, say 2%, thus falling right into the range suggested by the U.S. Office of Management and Budget. To prove this, we develop a simple tool to evaluate small policy changes affecting several generations, by reducing the dynamic problem to a static one. A necessary ...

The title compound, [Ge(CH3)3(C7H5O2)], was obtained as a by-product in the synthesis of the corresponding aldehyde. Two slightly different mol-ecules are present in the asymmetric unit. In both mol-ecules, the geometry of the aromatic ring plane is distorted by varying intensities. Additionally, the Ge atoms deviate from the mean aromatic ring planes. Whereas the distance of the Ge atom to the...

We revisit the discussion about the relationship between price’s cyclical features, implicit collusion and the demand level in an oligopoly supergame where a positive shock may hit demand and disrupt collusion. The novel feature of our model consists in characterising the post-shock noncooperative price and comparing it against the cartel price played in the last period of the collusive path, t...