, which creates incentives for free-riding and strategic delegation. The welfare effects of providing the policy-maker with …. Implications for the welfare effects of ‘informational lobbying’ are discussed. …

This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross … markets can account for these trends in cross-sectional US data. We also investigate the welfare costs of the rise in wage in …

welfare of domestic households. …

This paper analyses the welfare effects of changes in cross-sectional wage dispersion, using a class of tractable … heterogeneous-agent economies. We emphasize a trade-off in the welfare calculation that arises when labour supply is endogenous. On … welfare loss roughly equivalent to a 2.5% decline in lifetime consumption. Assuming Cobb-Douglas preferences, this number is …

to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We … weighted welfare of domestic households. …

In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax … welfare falls by -0.17% of consumption, and in the more progressive flat-tax economy it increases by 0.45% of consumption. In … both flat-tax reforms the income poor pay less income taxes and obtain sizeable welfare gains. …