Let there be two individuals: "rich," and "poor." Due to inefficiency of the income redistribution policy, if a social planner were to tax the rich in order to transfer to the poor, only a fraction of the taxed income would be given to the poor. Under such inefficiency and a standard utility...

The collection of chapters in the Handbook of Population and Family Economics and their organization reflect the most recent developments in economics pertaining to population issues and the family. The rationale, contents, and organization of the Handbook evolve from three premises. First, the...

The collection of chapters in the Handbook of Population and Family Economics and their organization reflect the most recent developments in economics pertaining to population issues and the family. The rationale, contents, and organization of the Handbook evolve from three premises. First, the...

Drawing on the premise that the integration of economies revises people's social space and their comparators, we quantify social stress by aggregate relative deprivation, ARD; we calculate the effect of monetary mergers on ARD; and we document the validity of the superadditivity property of ARD...