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 …

methods of measuring household welfare (and, accordingly, poverty and inequality) based on expenditures have not considered … these changes. First, we present theory showing significant mismeasurement of welfare for households who can shift into …

We study the welfare implications of employment protection for older workers, exploiting recent bans on mandatory … implementation dates. We find no evidence that the demand for older workers falls, but the welfare effects are mediated by spillovers …

Welfare caseloads in North America halved following reforms in the 1990s and 2000s. We study how this shift affected … families by linking Canadian welfare records to tax returns, medical spending, educational attainment, and crime data. We find … criminal charges as young adults but do find evidence of intergenerational welfare transmission. …

We study the intergenerational transmission of welfare benefit receipt in Germany. We first describe the correlation … between welfare receipt experienced in the parental household and subsequent own welfare receipt of young adults. In a second … step, we investigate whether the observed correlations reflect causal effects of past welfare experience. We use family …

, welfare and public sector pay changes over the 2008 to 2012 period gave rise to lower than average losses for the bottom …