The US unemployment insurance system is experience rated. Firms using the system more often have to pay higher UI taxes in order to cover the additional burden imposed on the system. Experience rating introduces a tax on layoffs which is supposed to counterbalance the implicit layoff subsidy...

The question addressed in this paper is the order of magnitude of the difference between the Borda rule and any given social choice function. In this paper, a simple measure of the difference between the Borda rule and any given social choice function is proposed. It is given by the ratio of the...

In an overlapping generations model where the production requires two essential inputs, one of which is non-renewable, say oil, but could be replaced by an everlasting substitute, say solare (the backstop), capital accumulation and fertility decisions emerged from the optimizing behavior of...

We examine the sensitivity of poverty comparisons across countries with dissimilar household needs when equivalence scale parameters are varied. We use a sample of Spanish and British households, using both absolute and relative poverty lines.