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The “Double Trap” in China—Multiple Equilibria in Institutions and Income and their Causal Relationship
While institutions are said to be poor in China in cross-country comparison, recent research indicates that at the provincial level, institutional...
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Alternatives to Basic Income
This chapter studies four alternatives to Basic Income, apart from current means-tested and social insurance benefits. Leff describes the most... -
The Ethics of Basic Income
Many of the strongest arguments in debates on Basic Income are not primarily based on empirical evidence about its impact on widely shared... -
Poverty traps across levels of aggregation
Poverty trap studies help explain the simultaneous escape from poverty by some households and regions alongside deep and persistent poverty...
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Trade Unions and Basic Income
This chapter examines the relationship between trade unions and Basic Income. Organized labour’s orientation towards Basic Income can be... -
Sustainability Traps: Patience and Innovation
This paper argues that the joint relation between long-term orientation, environmental quality and innovation plays a key role in explaining the...
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High-Income and Low-Income Countries. Toward a Common Goal at Different Speeds
The chapter discusses the necessity of choosing different strategies for different groups of countries for a successful movement to the recognized... -
Technology choice, externalities in production, and a chaotic middle-income trap
We incorporate the external effects of capital in production and endogenous technology choice into the standard overlap** generations model. We...
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Human capital, self-esteem, and income inequality
We introduce into a human-capital based growth framework utility from self-esteem, driven by academic achievements. Self-esteem, through its effect...
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Public Versus Private Investment in Education in a Two Tiers System: The Role of Income Inequality and Intergenerational Persistence in Education
This paper provides a simple political economy model of hierarchical education to study the endogenous determination of the public education budget...
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Some Effects of Basic Income on Economic Variables
Desai and Palermo discuss the effects of Basic Income on selected economic variables. The discussion has a theoretical basis and uses a microeconomic... -
Reasons for Supporting or Opposing Basic Income
This chapter uncovers the reasons people have for supporting or opposing (different types of) basic income. Conceptually, it draws a distinction... -
Intergenerational income mobility: New evidence from the UK
Using a new dataset combining the British Household Panel Survey (BHPS) and Understanding Society (UKHLS), this paper examines the current state of...
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China’s Dual Transition: Income Growth and Transitioning Demographics
This chapter undertakes a comparative examination of post-war economic development and income transitions in China, as well as selected East and... -
Which financial inclusion indicators and dimensions matter for income inequality? A Bayesian model averaging approach
This paper employs Bayesian model averaging (BMA) and uses posterior inclusion probability (PIP) values to evaluate which financial inclusion...
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Employment Market Effects of Basic Income
Huws, Torry, and Yi consider the impact on the labour market of the current wave of technological innovation. They consider changes in the quantity... -
Does growth reduce poverty? The mediating role of carbon emissions and income inequality
As economies continue to grow in the face of global climate change, international policy is focusing on the combined pursuit of social and...
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Household asset dynamics and shocks: an empirical assessment of asset-based poverty traps in Peru
Households that experience persistent poverty fall behind economically and can be caught in a poverty trap, especially in the presence of shocks...
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Unconditional Basic Income in Portugal: How Can We Afford It?
This chapter demonstrates that an unconditional basic incomeUnconditional Basic Income (UBI) (UBI) paid at a high level is affordable and feasible in... -
A Primer on the Finnish Basic Income Experiment: From Design and Implementation to Evaluation and Impact
In 2015, Juha Sipilä’s newly elected centre-right coalition government committed to launching a Basic Income experiment in its Government Programme....