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The growing economic fissures in the societies of Europe and Central Asia between generations, between insiders and outsiders in the labor market, between rural and urban communities, and between the super-rich and everyone else, are threatening the sustainability of the social contract. The institutions that helped achieving a remarkable degree of equity and prosperity over the course of several decades now face considerable difficulties in coping with the challenges presented by these emerging forms of inequality. Public surveys reveal rising concerns over inequality of opportunity, while electoral results show a marked shift to populist parties that offer radical solutions to voters dissa...
What are the methodologies for assessing and improving governmental policy in light of well-being? The Oxford Handbook of Well-Being and Public Policy provides a comprehensive, interdisciplinary treatment of this topic. The contributors draw from welfare economics, moral philosophy, and psychology and are leading scholars in these fields. The Handbook includes thirty chapters divided into four Parts. Part I covers the full range of methodologies for evaluating governmental policy and assessing societal condition-including both the leading approaches in current use by policymakers and academics (such as GDP, cost-benefit analysis, cost-effectiveness analysis, inequality and poverty metrics, a...
Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
"Economic research on the efficient allocation of resources has a long history. Increasingly, attention has turned to inequality in the distribution of personal resources and outcomes, and whether individuals or children are locked in their respective places in this distribution or whether mobility is possible. Research focuses not only on measuring inequality and mobility, but on understanding its historical, economic, and social determinants, and how policies might affect these distributions. This volume explores the latest developments in our understanding of income and wealth distribution and mobility. The first section addresses observed patterns of income inequality and shifts in compe...
This book is a printed edition of the Special Issue "Econometrics and Income Inequality" that was published in Econometrics
Contains a selection of thirteen papers from the Second Biannual Meeting of the Society for the Study of Economic Inequality, Berlin, July, 2007. This work covers topics including welfare analysis with ordinal data, unit consistency and multidimensional inequality indices and unit consistency and intermediate inequality indices.
In an era of increasing inequalities, and also of deep anxieties about the consequences of two major economic crises, economists are faced with a major question: can economic growth be achieved without inequalities? Economic Growth and Inequality critically evaluates the economic literature on this question from a pragmatic perspective, seeking to reconcile those who regard economic liberties as a paramount value, and critics who object that prioritizing these liberties leads to inequitable outcomes. The book presents an overview of the models used by economists to define and measure inequalities and the ongoing dialogues between political philosophers and economists in an effort to find solutions to the problems. It explores Rawlsian justice, Sen’s capability theory, and the theory of rent and compares and contrasts the most often discussed institutions and policies designed for remedying poverty and reducing inequalities. This book marks a significant contribution to the literature on some of the most pressing problems of our time and will be of great interest to readers of political economy, public policy, moral philosophy, and history of economic and political thought.
Research in Labor Economics volume 43 contains new and innovative research on the causes and consequences of inequality.
Comprising a collection of interview essays with nineteen public intellectuals and scholars from around the world, this book reflects on some of the most pressing questions of our age: what is global inequality; what causes it; and how should we deal with it? Leading figures within the fields of History, Sociology, Economics, Anthropology and Postcolonial Studies, shed light on how their personal backgrounds, places of work, and hometowns have shaped their views on global inequality. We learn about the causes of global inequality, the historical factors that have shaped the world into an unequal place, and the challenges that humanity is confronted with in the face of the widening gap between the poor and the rich. Bringing together voices from the Global North and South, this book helps us to think more broadly about inequality and deepens our understanding of how this long-lasting phenomenon is, and has been, experienced across the globe.
Targeting is a commonly used, but much debated, policy tool within global social assistance practice. Revisiting Targeting in Social Assistance: A New Look at Old Dilemmas examines the well-known dilemmas in light of the growing body of experience, new implementation capacities, and the potential to bring new data and data science to bear. The book begins by considering why or whether or how narrowly or broadly to target different parts of social assistance and updates the global empirics around the outcomes and costs of targeting. It illustrates the choices that must be made in moving from an abstract vision to implementable definitions and procedures, and in deciding how the choices should...