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Full-Text Articles in Social and Behavioral Sciences
Should Poverty And Inequality Measures Be Combined?, Gary S. Fields
Should Poverty And Inequality Measures Be Combined?, Gary S. Fields
Gary S Fields
[Excerpt] As the title of my paper indicates, the purpose of today's presentation is to analyze whether poverty and inequality measures should be blended into a single index. This question was first raised to me by Erik, so it is very fitting that an answer be presented at a conference honoring his distinguished career.
A Welfare Economic Analysis Of Labor Market Policies In The Harris-Todaro Model, Gary S. Fields
A Welfare Economic Analysis Of Labor Market Policies In The Harris-Todaro Model, Gary S. Fields
Gary S Fields
This paper presents a welfare economic analysis of the benefits of various labor market policies in the Harris-Todaro labor market model. The policies considered are a policy of modern sector job creation, which I call modern sector enlargement (MSENL); a policy of rural development, which I call traditional sector enrichment (TSENR); and a policy of wage limitation in the urban economy, which I call modern sector wage restraint (MSWR). First, I analyze the inequality effects of these policies. I then perform two welfare economic analyses, the first based on summary measures of labor market conditions (total labor earnings, unemployment, inequality …