This article analyzes the dynamics of electoral promises towards the population and interest groups, focusing on the reaction of voters to the proximity of a candidate to interests groups. In a two-period electoral competition model, we show that a (re)election seeking politician must consider...

The Economic Freedom of the World (EFW) index measures the extent to which nations allow their citizens economic freedom. The freedom of people to trade internationally is a featured area within the index. One component of this area is the size of the trade sector, or rather the deviation of a...

This paper investigated the relationship between remittances and economic growth in Nigeria, using an error correction modeling approach for the period 1981 to 2011. Our result revealed that remittances positively impact on the economic growth of Nigeria. We have found that a 1 percent increase...

Can a heterodox economist find arguments in favor of Central Bank independence? Economists currently favor arguments in favor of Central Bank independence based on Barro-Gordon (1983 a,b), a very ‘orthodox' model. Consequently, those who view the economic orthodoxy with suspicion tend to...

How do ideas evolve? Can one speak of scientific progress when there is more than one pathway of intellectual evolution in which different ideas emerge and flow in different directions? Is the history of economic analysis a compilation of a number of intellectual pathways? This essay argues that...

In this article we provide an overview of the Gini decomposition and the generalized entropy inequality measures, a free access to their computation, an application on French wages, and a different way than Dagum to demonstrate that the Gini index is a more convenient measure than those issued...

We present the preliminary results of our analysis of top incomes in Brazil from 2006 to 2012. We describe the evolution of the income shares of the top 1% and the top 5% and estimate a “tax-corrected†Gini coefficient. The data come from personal income tax returns, national accounts...

We extend the framework of Dubey and Geanakoplos (2002) to the case of moral hazard. We analyze the equilibrium properties of the model and we show that equal ex-ante consumers may choose to promise differently, and, as a consequence, choose different actions. This illustrates how the pool of...

This study aims to estimate the extent of intergenerational mobility of earnings in Taiwan. The intergenerational elasticity of a child's earnings with respect to its parent's earnings is estimated by using household micro-data from the Panel Study of Family Dynamics (PSFD) in Taiwan. We apply...

The present note is an elementary essay on how one may manipulate the Lorenz curve with a view to obtaining a couple of simple variants of the Gini coefficient of inequality, one of which is anti transfer-sensitive and the other pro transfer-sensitive, and which together, in convex combination,...