By employing American state-level data from 1999 to 2008, this paper explores how the recent immigrant influx has influenced public welfare spending in the American states. By integrating the race/ethnicity and globalization compensation theory, I hypothesize that immigration will increase welfare spending in states with a bleak job market and exclusive state immigrant welfare policy; in contra...

We examine the implications of tax and subsidy policies for employment in the “three worlds of welfare”, Anglo-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of the employment outcomes. Anglo-Saxon low-support policies encourage more overall market employment. Continental transfer policies encourage more home production in services with...

This paper studies the interaction between monetary and macro-prudential policies in a simple model with both nominal and financial frictions. The nominal friction gives rise to a conventional monetary policy objective emphasized in the New Keynesian literature. The financial friction, in the form of an occasionally binding collateral constraint, gives rise to a financial stability objective. ...

Located on the fringe of global capitalism, lacking an international currency and endowed with weak technology production and dissemination capacities, Brazil is developing its own very specific approach to social welfare policies. Its 1988 Constitution ushered in acknowledged progress in these policies during the past two decades, despite constraints due to the general behavior of its lacklust...

Terrestrial animal welfare has been a matter for exploration for many years. In contrast, approaches towards improving the welfare and humane treatment of aquatic animals are relatively new, as is the thinking behind them. Several issues complicate the process of addressing the welfare of aquatic animals in a consistent manner. These include the following: - the huge diversity among aquatic ani...

We examine the implications of tax and subsidy policies for employment in the “three worlds of welfare”, Anglo-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of the employment outcomes. Anglo-Saxon lowsupport policies encourage more overall market employment. Continental transfer policies encourage more home production in services with ...

The primary responsibility of veterinarians is to the animals in their care, so veterinary students need to be aware of important issues and factual information relevantto animal welfare. Veterinarians have tended to concentrate on physical aspects of welfare, but also need to take account of mental aspects (including pain) and naturalness. A crucial first step in animal welfare education is to...

We explore the welfare implications of several …scal policies in an estimated two-country New Open Economy Macroeconomics (NOEM) model of the European Monetary Union (EMU). The model features incomplete …nancial markets, home bias in …nal consumption baskets and in input utilization. We …rstly de…ne the optimal policy. In addition to the optimal provision of public goods, the optimal policy inv...

Governmental authorities of wealthy developed nations differ in their professed commitments and activity related to the provision of the prerequisites of health through public policy action. Part 1 of this article showed how nations identified as social democratic or liberal welfare states were those where such commitments are present. Nations identified as conservative or Latin welfare states ...

We ask what level of migration would maximize world welfare. We …nd that skill-neutral policies are never optimal. An egalitarian welfare function induces a policy that entails moving mainly unskilled immigrants into the rich countries, whereas a welfare function skewed highly towards the rich countries induces an optimal policy that entails a brain-drain from the poor countries. For intermedia...