Despite its centrality to contemporary inequality, working poverty is often popularly discussed but rarely studied by sociologists. Using the Luxembourg Income Study (2009), we analyze whether an individual is working poor across 18 affluent democracies circa 2000. We demonstrate that working poverty does not simply mirror overall poverty and that there is greater cross-national variation in wo...

Once we get over the current global economic crisis, most developed nations will need to raise significant revenues to pay for their recent economic stimulus packages as well as for their ongoing social welfare systems. Achim Kemmerling’s book will provide policymakers with some important insights about which taxes to increase and what the consequences are for labor markets. Kemmerling observes...

In the process of China's inter-regional transfer of industries, there is a large number of economic risks. This article tries to develop a set of scientific and practical control strategies of the economic risks, to achieve the desired goal of stable and sustainable economic growth and continued improvement in local social welfare.

JEL classification: F15 F23 H25 H73 We set up a model of generalised oligopoly where two countries of different size compete for an exogenous, but variable, number of identical firms. The model combines a desire by national governments to attract internationally mobile firms with the existence of location rents that arise even in a symmetric equilibrium where firms are dispersed. As economic in...

The welfare reform legislation of 1996 transformed many welfare benefits into a temporary safety net available to recipients who made a demonstrated effort to work. The new approach, however, raised concern that the “hard-to-employ” — especially parents with low rates of steady employment, and higher-thanaverage levels of barriers to employment — would be less likely to successfully achieve eco...

What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what conditions will a cut stimulate output and employment, and raise welfare? Under what conditions will a cut have the opposite effects? We answer these questions in a general class of open economy models, where a financial crisis is modelled as a time when collateral constraints...

When machine learning (ML) and data mining (DM) methods construct models in complex domains, models can contain less-credible parts [2], which are statistically significant, but meaningless to the human analyst. For example, let us consider a decision tree model presented in Figure 1. The tree is constructed with the J48 algorithm in Weka [8] for a complex domain indicating which segments of re...

The present paper argues that the operational conditions for Ecologically Sustainable Economic Development (ESED) may be described by a traditional welfare criterion: ESED refers to a process of economic processes that ensure the environmental prerequisites for an efficient evolution of intergenerational welfare. Under the premise of an unknown and unknowable structure of future generations’ we...

This paper investigates the effects on production, consumption, and welfare that result from a temporary exchange-rate-based (ERB) stabilization plan. The analysis is based on an optimizing model of a small open economy where real money is assumed to be a factor that is used in the production of goods. The assumption of money serving a productive role makes the model capable of generating a boo...