A policy response to a downside of the integration of economies: An impossibility theorem

Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.

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Year of publication:	2014-05
Authors:	Stark, Oded
Institutions:	Zentrum für Entwicklungsforschung (ZEF), Rheinische Friedrich-Wilhelms-Universität Bonn
Subject:	Merger of populations \| Revision of social space \| Aggregate relative deprivation \| Societal stress \| Policy response \| International Relations/Trade

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Center for Development Research (ZEF)>Discussion Papers Number 171766
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010910226