, water quality, and health outcomes of Uruguay's nationalization of water services. An important advantage of focusing on …

. For this class, we characterize the welfare properties of competitive equilibria and compare them to that of a planning …-value utility subject to resource constraints. The competitive equilibrium results in strictly higher welfare than does the planning … tax rates on capital. These tax rates reproduce the central planning solution, and thus imply a worse outcome in welfare …

Building on the Stiglitz report, a growing literature suggests to explore other aspects of human welfare apart from … material well-being, such as job security, crime, health, environmental factors and subjective perceptions. To explore the …

This proposal involves the establishment of ‘welfare accounts’ for every person in a country. There are four accounts … account (covering education and training), and a health account (covering insurance against sickness and disability). Unlike … current welfare state systems – where welfare services are financed predominantly out of general taxes – people would make …

malaria more salient, leading to a change in beliefs about its importance and to an increase in private health investments. …

an overview of this literature, focusing on studies which seek to establish the causal effect of cannabis use on health …, education and labor market success. We conclude that there do not appear to be serious harmful health effects of moderate … cannabis use. Nevertheless, there is evidence of reduced mental well-being for heavy users who are susceptible to mental health …

relationship between marriage and health for working-age (20 to 64) individuals. In both data sets married agents are healthier … than unmarried ones, and the health gap between married and unmarried agents widens by age. After controlling for … observables, a gap of about 12 percentage points in self-reported health persists for ages 55-59. We estimate the marriage health …