This paper develops a dynamic model wherein production generates pollution that is viewed as a public bad by consumers. There are two types of consumers : those who are altuist a la Barro-Becker and leave bequests to their children and those who are pure life-cyclers. Both types of consumers...

The paper focuses on misconceptions about the compensation principle of neo-Paretian welfare economics, and argues that the efficiency interpretation often atteched to it is a dubious one. Applied welfare analists should realize the real significance of 'potential Pareto improvement' and take it...

When the prices of goods that form a relatively large proportion of the total expenditure of low income households rise in relation to all other goods, the inequality of the real income distribution increases. This paper models the effect on inequality and welfare if, ceteris paribus, Australian...

Household survey data from the Cote d'Ivoire are used to examine the impact of public policies on child height, child weight for height and adult body mass index. Economic adjuntment programs in the 1980s were accompanied by reduced availability and quality of health care services and increases...

This paper examines the effective tax rates faced by low income working families. The effective tax rate (ETR) is a generic concept which encompasses both tax payable and also loss of benefits as income rises.

This paper is an attempt to determine the extent to which Australian tertiary sector organisations stand to gain from improved weather forecasts. An upper limit to this amount must be the sum of the maximum savings afforded by weather forecasts sufficiently accurate (“almost†perfect)...

We study a society with a continuum of families, segregated in neighborhoods perfectly by income. There is a deterministic, non-linear relationship between years of education attained in youth and earnings in adult life.

Uzbekistan is typically seen as one of the slowest reformers among the countries in transition from central planning to a market-oriented economy. This paper evaluates the walfare impact of gradual transition in Uzbekistan, asking whether it has avoided the short-term disruption associated with...