Showing 1 - 10 of 36
The authors build a model of child labor and study its implication for welfare and fertility. Assuming there is a trade …
Persistent link: https://www.econbiz.de/10005776061
The autors study the implications of the trade-off between child quality and child quantity for the efficiency of the rate of population growth. They show that if quantity and quality are inversely related then, even in the case of full altruism within the family, population growth is...
Persistent link: https://www.econbiz.de/10005625601
We built a model of child labor and study its implications for welfare and fertility. …
Persistent link: https://www.econbiz.de/10005639036
leave a bequest to their children, whereas selfish ones do not. The possibility for the parent to distinguish altruist and … selfish children or not is discussed in conjunction with the type of preferences of the agent, especially his/her aversion for … inequality in consumption among his/her children. In this discrimination case, the authors show that bequests are not affected by …
Persistent link: https://www.econbiz.de/10005625591
This paper examines inequality in Australia using four Household Expenditure Surveys (HES) between 1975/76 and 1993/94, from the Australian Burau of Statistics (ABS). The effects on inequality of the choice of welfare variable, equivalence scale and price index are examined.
Persistent link: https://www.econbiz.de/10005478481
Notwithstanding serious conceptual problem in its measurement, the equivalence scale is a parameter with considerable policy importance in view of its use in welfare comparisons across households. This paper investigates the sensitivity of the estimated scale to models and commodities.
Persistent link: https://www.econbiz.de/10005663890
Is gift-exchange inevitably to be crowded out by impersonal market exchange? The presence of a thick-market externality indicates that this is indeed likely to be the case. But reciprocity or gift-exchange induces social relations. The utility function is extended in order to take account of...
Persistent link: https://www.econbiz.de/10005474633
The constrained egalitarian solution of Dutta and Ray (1989) for TU-games is extended to asymmetric cases, using the notion of weight systems as in Kalai and Samet (1987, 1988). This weighted constrained egalitarian solution is based on the weighted Lorenz-criterion as an inequality measure. It...
Persistent link: https://www.econbiz.de/10005775442
The paper asserts that project designs and benefit valuation in the health sector are much more complex than in other sectors that traditionally apply economic cost-benefit analysis. The paper discusses the key issues in the economic analysis of health sector projects and then presents possible...
Persistent link: https://www.econbiz.de/10005660997
This paper qualifies Weil [1989]'s according to which dynamic efficiency may fail when agents are infinitely-lived, but "disconnected" from previous ones. It is shown that finite horizons matter in the following sense: if dynamic inefficiency results when the agents have infinite horizons, then...
Persistent link: https://www.econbiz.de/10005779675