This paper illustrates that the equity–efficiency trade-off between a redistributive, Beveridgean, pension system and an earnings-based, Bismarckian, scheme can collapse when accounting for labor supply effects on extensive margins. I introduce general equilibrium overlapping generations model with endogenous savings, human capital formation, supply. The is calibrated to average OECD economy. r...

Economists have confined the concept of ‘sustainability’ to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.  2003 Elsevier Science B.V. All rights reserved.

this paper has used a multisectoral input-output model of iranian economy to examine the ability of different sectors of economy to create jobs per unit of output as well as capital. the results reveal that there is no conflict in a growth strategy that simultaneously attempts to improve efficiency i.e. reallocating production to sectors with low drcs, equity and job creation. although sectoral...

While in theory the strength of preferences for equity in health can be expressed in an 'inequality aversion parameter', in practice, analysts would have to obtain them from people's choices. We are faced with a number of methodological problems when turning to this type of empirical research. This note investigates which types of preference could explain the choices people make when responding...

BACKGROUND Macroeconomic growth in China enables significant progress in health care and public health. It faces difficult choices regarding access, quality and affordability, while dealing with the increasing burden of chronic diseases. Policymakers are pressured to make complex decisions while implementing health strategies. This study shows how this process could be structured and reports th...

Despite some empirical evidence to the contrary, government subsidy to higher education is usually presumed to be inequitable because college-educated workers earn more than less educated workers. Using a simple model of educational choice with endogenous wages and two worker types, I obtain strong results concerning this conßict between efficiency and equity — namely that equity and efficiency...

Concerns regarding the Trans-Pacific Partnership (TPP) have raised awareness about the negative public health impacts of trade and investment agreements. In the past decade, we have learned much about the implications of trade agreements for public health: reduced equity in access to health services; increased flows of unhealthy commodities; limits on access to medicines; and constrained policy...