sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of … welfare calculations. We find that observed willingness-to-pay of many individuals is low, such that providing DI partly via a … private insurance market with choice improves welfare. However, we show that distributional concerns as well as individual …

This paper considers the potential impact of welfare benefits on the partnership status of women in the UK. Using … recent policy reforms to identify the response rate I find that a GBP100/week welfare benefit "partnership penalty" reduces …

This paper analyzes the welfare implications of children's enfranchisement within a political economy framework that … equilibrium under Markov strategies and compare welfare across various suffrage schemes and demographic groups. The franchise that … maximizes welfare across demographic groups depends on the fertility rate in the economy. Policies chosen when all demographic …

to avoid losses. In this paper, we provide the first welfare analysis under reference-dependent preferences. We decompose … the welfare impact of changes in reference points and prices into direct and behavioral effects, and describe how these … grounded in common empirical findings, we find that lowering reference points robustly improves welfare, while the welfare …