TY - JOUR
T1 - A policy response to a downside of the integration of economies
T2 - An impossibility theorem
AU - Stark, Oded
PY - 2014/8
Y1 - 2014/8
N2 - Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.
AB - Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.
KW - Aggregate relative deprivation
KW - Merger of populations
KW - Policy response
KW - Revision of social space
KW - Societal stress
UR - http://www.scopus.com/inward/record.url?scp=84901500892&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2014.03.006
DO - 10.1016/j.econlet.2014.03.006
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AN - SCOPUS:84901500892
VL - 124
SP - 180
EP - 184
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 2
ER -