Variations in aggregate poverty indices ca be due to differences in average poverty intensity, to changes in the welfare distances between those poor of initially unequal welfare status, and/or to emerging disparities in welfare among those poor of initially similar welfare status. This note uses a general cost-of-inequality approach that decomposes the total change in poverty into a sum of ind...

In this paper we estimate the potential benefit of policies that eliminate a small likelihood of economic crises. We define an economic crisis as a Depression-style collapse of economic activity. For the U.S., based on the observed frequency of Depression-like events, we estimate the likelihood of encountering a depression to be about once every 83 years. Even for this small probability of movi...

The debate over the impact of government regulation on innovation in the United States is framed in the context of the gradual decline of economic regulation since the 1960s, and the gradual increase in social welfare regulation over the same period. Fueling much of the economic deregulation movement has been classical economic theory, which holds that regulation imposes a cost burden on firms,...

This paper analyzes nature protection by a social planner under different ‘utilitarian’ social welfare functions. For that purpose we construct an integrated model of the economy and the ecosystem with explicit consideration of nonhuman species and with competition between human and nonhuman species for land and prey biomass. We characterize and compare the efficient allocations when social wel...

We argue that the welfare inferences drawn from answers to subjective-qualitative survey questions are clouded by concerns over the structure of measurement errors and how latent psychological factors influence observed respondent characteristics. We propose a panel data model that allows more robust tests and we estimate the model on a high-quality survey for Russia. We find significant income...

This paper explores national origin differences in the welfare recipiency of immigrants to the United States. We develop an economic model of immigration which generates implications about how welfare utilization should vary according to characteristics of the country of origin. The empirical analysis reveals that a few source country characteristics explain over two-thirds of the variance of w...

This paper analyzes the political and economic issues that people with disabilities face related to globalization; how people with disabilities have been adapting globalization and surviving under worldwide competition system. It explains that economic globalization exacerbates inequality and deprivation of people with disabilities. The rising tide of neo-liberal welfare policies emphasized eff...

The paper enquires into the e¤ects of China’s entry into the WTO on its economic growth. We ...nd that even in the short run (2001-2005), economic performance can be improved due to obtaining higher survival probability of economic growth rate and better protection of consumer welfare. JEL classi...cation: F10, O10

This paper studies the nature of social welfare orders on infinite utility streams, satisfying the efficiency principle known asMonotonicity and the consequentialist equity principle known as Strong Equity. It provides a complete characterization of domain sets for which there exists such a social welfare order which is in addition representable by a real valued function. It then shows that for...

Blame Welfare, Ignore Poverty and Inequality by Joel F. Handler; Yeheskel Hasenfeld; The Promise of Welfare Reform: Political Rhetoric and the Reality of Poverty in the TwentyFirst Century by Keith M. Kilty; Elizabeth A. Segal; When Welfare Disappears: The Case for Economic Human Rights by Kenneth J. Neubeck; Welfare Discipline: Discourse, Governance, and Globalization by Sanford F. Schram Revi...