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The Insurance Role of Social Security

The Insurance Role of Social Security »

Source: The Insurance Role of Social Security : Theory and Lessons for Policy Reform

Volume/Issue: 1997/113

Series: IMF Working Papers

Author(s): Victor Valdivia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

ISBN: 9781451944174

Keywords: Public Finance, Computable General Equilibrium, welfare gains, wealth distribution, welfare impact, social security system

This paper examines the impact of social security on welfare. The provision of social security reduces precautionary savings and encourages early retirement. Consequently, it lowers aggregate capital, employment, o...

Lucas vs. Lucas

Lucas vs. Lucas »

Source: Lucas vs. Lucas : On Inequality and Growth

Volume/Issue: 2007/17

Series: IMF Working Papers

Author(s): Juan Carlos Cordoba , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2007

ISBN: 9781451865813

Keywords: Welfare costs, inequality, social welfare, country inequality, welfare function, welfare measures, Distribution, General Aggregative Models, Consumption, Saving

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving th...

Welfare Implications of HIV/AIDS

Welfare Implications of HIV/AIDS »

Source: Welfare Implications of HIV/AIDS

Volume/Issue: 2003/118

Series: IMF Working Papers

Author(s): Markus Haacker , and N. Crafts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451854107

Keywords: HIV/AIDS, value of statistical life, life expectancy, mortality rates, hiv, prevalence rate, Health: General, Welfare and Poverty: General, General Welfare, Economic Development: General,

The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased...

Ukraine Gas Pricing Policy

Ukraine Gas Pricing Policy »

Source: Ukraine Gas Pricing Policy : Distributional Consequences of Tariff Increases

Volume/Issue: 2012/247

Series: IMF Working Papers

Author(s): Pritha Mitra , and Ruben Atoyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 2012

ISBN: 9781475512878

Keywords: government expenditure and related policies, welfare, social assistance, gas consumption, gas demand, gas imports, gas pricing policy, welfare., General,

Ukraine's gas pricing policy subsidizes gas and heating for all households. As the cost of imported gas rises, this policy increasingly weighs on government finances, sustains energy over-consumption, dampens inves...

Is China Over-Investing and Does it Matter?

Is China Over-Investing and Does it Matter? »

Source: Is China Over-Investing and Does it Matter?

Volume/Issue: 2012/277

Series: IMF Working Papers

Author(s): Il Houng Lee , Murtaza Syed , and Liu Xueyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 November 2012

ISBN: 9781475562675

Keywords: Social Welfare, Intertemporal Consumer Choice, cost of capital, gdp growth, real gdp, economic growth, General,

Now close to 50 percent of GDP, this paper assesses the appropriateness of China's current investment levels. It finds that China's capital-to-output ratio is within the range of other emerging markets, but its eco...

International Trade and Poverty Alleviation1

International Trade and Poverty Alleviation1 »

Source: International Trade and Poverty Alleviation

Volume/Issue: 2001/54

Series: IMF Working Papers

Author(s): Geoffrey Bannister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451847512

Keywords: trade reform, effects of trade liberalization, trade reforms, Welfare and Poverty: General,

Empirical studies suggest that trade reform has a positive effect on employment and income for the poor; however, there are winners and losers. If the transitional costs of trade liberalization fall disproportionat...

Welfare Cost of (Low) Inflation

Welfare Cost of (Low) Inflation »

Source: Welfare Cost of (Low) Inflation : A General Equilibrium Perspective

Volume/Issue: 1998/111

Series: IMF Working Papers

Author(s): Howell Zee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451853445

Keywords: taxation, welfare, general equilibrium, money stock, real money, money balances, money demand

This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low level to close to price stability, using an overlapping-generations growth model. Money demand is...

It's Not What You Make, It's How You Use IT

It's Not What You Make, It's How You Use IT »

Source: It's Not What You Make, It's How You Use IT : Measuring the Welfare Benefits of the IT Revolution Across Countries

Volume/Issue: 2002/117

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Markus Haacker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2002

ISBN: 9781451854022

Keywords: welfare benefits, real gdp, benefits, national income, gdp per capita, Welfare Economics: General, Economic Growth of Open Economies, Comparative Studies of Countries,

This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare bene...

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model »

Source: The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

Volume/Issue: 2019/124

Series: IMF Working Papers

Author(s): Lisandro Abrego , Maria Alejandra Amado , Tunc Gursoy , Garth Nicholls , and Hector Perez-Saiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 June 2019

ISBN: 9781498314398

Keywords: Economic integration, Open economies, International trade agreements, Trade finance, Comparative advantage, AfCFTA, welfare, general equilibrium, trade barriers, welfare gain

In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and s...

Income Inequality and Redistributive Government Spending1

Income Inequality and Redistributive Government Spending1 »

Source: Income Inequality and Redistributive Government Spending

Volume/Issue: 2003/14

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451843149

Keywords: capital deepening, gini coefficient, dependent variable, statistics, unequal societies, social security, Welfare and Poverty: General, National Government Expenditures and Welfare Programs, Macroeconomic Policy, Macroeconomic Aspects of Public Finance

The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The...