The Western Balkans integration within the EU has started a legal process which is the rejection of former communist legal/political approaches and the transformation of former communist institutions. Indeed, the EU agenda has brought vertical/horizontal integration and Europeanization of...

One approach to analyzing inequality is to compare average economic choices from a classical theoretical framework. Another approach considers the impact of the formation of society, through statutes and institutions, on average economic outcomes. This paper studies the effects of slavery on...

In this paper, I explore the distributional effects of a negative terms-of-trade shock to an oil-exporting country. Specifically, I begin by developing a computable Roy model of the Nigerian economy with non-homothetic preferences, after-tax income effects, and government endogenous transfers...

This paper presents conflicting evidence on trends in private sector union and nonunion wages. The BLS quarterly Employment Cost Index (ECI), constructed from establishment surveys, uses fixed weights applied to wage changes among matched job quotes. The ECI shows a substantial decrease in wage...

Modern pressures on median income workers to cost minimize and strategically invest, including a low interest-earning bank savings account, suggest the possibility of stagnation in closing the gap of wealth differences among groups. James Curtis Jr annualizes salaries of interns, employees and...

This paper explains why people’s subjective well-being (SWB) fails to adapt to unemployment, even though people adapt to various life events. Although the unemployed downgrade their living standard when they enter into unemployment, their income is not sufficient to maintain their living. In...

The happiness literature finds that unemployment substantially decreases subjective well-being even after controlling for income. Whereas existing research explains these results through nonpecuniary costs, the present study suggests that the root cause is pecuniary. The unemployed have...

Limited attention has been paid to how well social mobility measures debated and used to study industrial countries perform in analysis of low-income settings. Following brief, selective reviews of the axiomatic and econometric literatures, three mobility concepts illustrate how properties that...

This paper studies how young adults make relocation decisions to take advantage of time transfers from parents as a form of insurance against adverse economic conditions. It first documents the fact that adult children who received negative income shocks during the Great Recession were more...

In the present paper an attempt has been made to point out that a federal system as well as a better income distribution foster political stability. The econometric model used with panel data is based on the Eviews software package