Showing 1 - 10 of 24
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10010319596
The paper contributes to the use of social choice and welfare theory in health economics by developing and applying the integration of claims framework to health-care rationing. Related to Sens critique of neo-classical welfare economics, the integration of claims framework recognises three...
Persistent link: https://www.econbiz.de/10005432029
The recognition that environmental hazards can affect children differently and more severely than adults has provoked growing concern in industrialized nations about the impact of environmental pollution on children’s health. In this paper, commissioned by the OECD, we are charged with...
Persistent link: https://www.econbiz.de/10005442377
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10011084615
En este artículo se pretenden bosquejar algunas ideas relacionadas con la contradicciónentre los postulados del liberalismo, respeto a la propiedad, a la libertad de los individuos,a la libre movilidad de los factores, a la flexibilidad de precios y salarios, a los postuladosdel individualismo...
Persistent link: https://www.econbiz.de/10010763359
Extensive research has shown that few robust results regarding the optimal tax structure are available. Moreover, the stylised models used in optimal tax analyses are not appropriate for practical policy advice. This paper proposes a method of examining optimal marginal income tax reforms using...
Persistent link: https://www.econbiz.de/10010903407
This paper examines the optimal direction of marginal income tax reform in the context of New Zealand, which recently reduced its top marginal income tax rate to one of the lowest in the OECD. A behavioural microsimulation model is used, in which social welfare functions are defined in terms of...
Persistent link: https://www.econbiz.de/10011849019
Current Office of Management and Budget (OMB) guidelines use the interest rate as a basis for the discount rate, and have nothing to say about an intergenerationally fair discount rate. We derive this discount rate by differentiating a social welfare function with respect to perturbations in...
Persistent link: https://www.econbiz.de/10005043482
For two independent principles of intergenerational equity, the implied discount rate equals the growth rate of real per-capita income, say 2%, thus falling right into the range suggested by the U.S. Offce of Management and Budget. To prove this, we develop a simple tool to evaluate small policy...
Persistent link: https://www.econbiz.de/10005008455
This paper provides a welfare analysis of trade liberalization based upon the moral principles of utilitarianism. The history of the moral philosophy of utilitarianism is described including its introduction into what became known as Cambridge welfare economics. The differences between this...
Persistent link: https://www.econbiz.de/10005585681