scholarly journals Welfare Analysis in an Extended Harris-Todaro Model: An Application of the Atkinson Theorem

2017 ◽  
Vol 17 (1) ◽  
Author(s):  
Hautahi Kingi
Keyword(s):  
Income Distribution ◽  
Social Welfare ◽  
Informal Sector ◽  
Job Search ◽  
Welfare Analysis ◽  
Welfare Effects ◽  
Direct Application ◽  
Modern Sector ◽  
Schur Concave ◽  
Urban Informal Sector

AbstractI analyze the welfare effects of a policy of modern sector enlargement (MSENL), and a policy of increasing the efficiency of on-the-job search from the urban informal sector (IEOS) in a generalized Harris-Todaro model. I show that MSENL causes a Lorenz worsening of the income distribution and IEOS causes a Lorenz improvement. In a rare direct application of the Atkinson theorem, I conclude that MSENL decreases social welfare and IEOS increases social welfare for all anonymous, increasing and Schur-concave social welfare functions.

WELFARE EFFECTS OF PATENT PROTECTION IN A GROWTH MODEL WITH R&D AND CAPITAL ACCUMULATION

2019 ◽  
pp. 1-24
Author(s):  
Yibai Yang
Keyword(s):  
Social Welfare ◽  
Growth Model ◽  
Capital Accumulation ◽  
Patent Protection ◽  
Welfare Analysis ◽  
Welfare Effects ◽  
Us Economy ◽  
The Us ◽  
Welfare Implications ◽  
Relative Productivity

This study explores the welfare effects of patent protection in a Romer-type expanding variety model in which R&D and capital accumulation are both engines of growth. It shows that the comparison between the productivity of R&D and that of capital plays an important role in the welfare analysis. When the relative productivity of R&D compared to capital is high (low), social welfare takes an inverted-U shape for (is decreasing in) the strength of patent protection, and the welfare-maximizing degree of patent protection is no greater than (identical to) the growth-maximizing degree. Moreover, the model is calibrated to the US economy and the numerical results support these welfare implications.

ON-THE-JOB SEARCH, URBAN INFORMAL SECTOR AND DEVELOPMENT POLICIES — A GENERAL EQUILIBRIUM ANALYSIS

2010 ◽  
Vol 55 (02) ◽  
pp. 401-410
Author(s):  
TITAS KUMAR BANDOPADHYAY
Keyword(s):  
General Equilibrium ◽  
Informal Sector ◽  
Unemployment Rate ◽  
Job Search ◽  
Capital Mobility ◽  
Equilibrium Analysis ◽  
Subsidy Policy ◽  
Urban Unemployment ◽  
Price Subsidy ◽  
Urban Informal Sector

The purpose of this paper is to examine Field's (1989) proposition in a multisector general equilibrium model with imperfect capital mobility. The effects of different fiscal policies on the equilibrium rate of urban unemployment are also examined. The main findings are (i) more efficient on-the-job search from the rural sector raises equilibrium urban unemployment rate whereas (ii) increased job search efficiency from the urban informal sector lowers this rate. Aditionally, (iii) urban price subsidy policy lowers the equilibrium urban unemployment rate, and (iv) rural subsidy policy raises this rate.

(Income Distribution and Welfare Effects of Trade Liberalzation)

2013 ◽  
Author(s):  
Chul Chung ◽  
Bonggeun Kim ◽  
Young Jun Chun ◽  
Joun Won Lee
Keyword(s):  
Income Distribution ◽  
Welfare Effects

Risk, Job Search, and Income Distribution

1974 ◽  
Vol 82 (6) ◽  
pp. 1255-1267 ◽  
Author(s):  
Christopher A. Pissarides
Keyword(s):  
Income Distribution ◽  
Job Search

scholarly journals Measurement of inequality of opportunity: A normative approach

2021 ◽  
Author(s):  
Kristof Bosmans ◽  
Z. Emel Öztürk
Keyword(s):  
Income Distribution ◽  
Social Welfare ◽  
Inequality Of Opportunity ◽  
Welfare Gain ◽  
Allocation Rules ◽  
Normative Approach ◽  
Ex Post ◽  
Ex Ante ◽  
Measurement Of Inequality

AbstractWe develop a normative approach to the measurement of inequality of opportunity. That is, we measure inequality of opportunity by the welfare gain obtained in moving from the actual income distribution to the optimal income distribution of the total available income. Our study brings together the main approaches in the literature: we axiomatically characterize social welfare functions, we obtain prominent allocation rules as their optima, and we derive familiar classes of inequality of opportunity measures. Our analysis captures moreover the key philosophical distinctions in the literature: ex post versus ex ante compensation, and liberal versus utilitarian reward.

scholarly journals Assessing the Social Welfare Effects of Government Transfer Programs: Some International Comparisons

2021 ◽  
Author(s):  
Nanak Kakwani ◽  
Xiaobing Wang ◽  
Jing Xu ◽  
Ximing Yue
Keyword(s):  
Social Welfare ◽  
International Comparisons ◽  
Welfare Effects ◽  
Transfer Programs ◽  
Government Transfer ◽  
The Social

Urban informal sector and poverty

2009 ◽  
Vol 18 (4) ◽  
pp. 631-642 ◽  
Author(s):  
Saibal Kar ◽  
Sugata Marjit
Keyword(s):  
Informal Sector ◽  
Urban Informal Sector

scholarly journals Externalities and Regulation in Card Payment Systems

2006 ◽  
Vol 5 (1) ◽  
Author(s):  
Jean-Charles Rochet ◽  
Jean Tirole
Keyword(s):  
Social Welfare ◽  
Consumer Surplus ◽  
Welfare Analysis ◽  
Payment Systems ◽  
Interchange Fees ◽  
Regulatory Approach ◽  
Innovative Thinking ◽  
Card Payment ◽  
Economic Thinking

The paper offers a roadmap to the current economic thinking concerning interchange fees. After describing the fundamental externalities inherent in payment systems and analysing merchant resistance to interchange fee increases and the associations' determination of this fee, it derives the externalities' implications for welfare analysis. It then discusses whether consumer surplus or social welfare is the proper benchmark for regulatory purposes. Finally, it offers a critique of the current regulatory approach, and concludes with a call for more novel and innovative thinking about how to reconcile regulators' concerns and the industry legitimate desire to perform its balancing act.

Waste pickers and collectors in Delhi: Poverty and environment in an urban informal sector

2006 ◽  
Vol 42 (1) ◽  
pp. 41-69 ◽  
Author(s):  
Yujiro Hayami ◽  
A. K. Dikshit ◽  
S. N. Mishra
Keyword(s):  
Informal Sector ◽  
Urban Informal Sector ◽  
Waste Pickers

A Social Welfare Analysis of Educational Reform in Greece

1982 ◽  
Vol 12 (1) ◽  
pp. 5-18 ◽  
Author(s):  
George Psacharopoulos
Keyword(s):  
Social Welfare ◽  
Educational Reform ◽  
Welfare Analysis
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