A policy response to a downside of the integration of economies: An impossibility theorem

Oded Stark

doi:10.1016/j.econlet.2014.03.006

A policy response to a downside of the integration of economies: An impossibility theorem

Oded Stark^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	180-184
Number of pages	5
Journal	Economics Letters
Volume	124
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2014.03.006
State	Published - Aug 2014
Externally published	Yes

Keywords

Aggregate relative deprivation
Merger of populations
Policy response
Revision of social space
Societal stress

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10.1016/j.econlet.2014.03.006

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title = "A policy response to a downside of the integration of economies: An impossibility theorem",

abstract = "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.",

keywords = "Aggregate relative deprivation, Merger of populations, Policy response, Revision of social space, Societal stress",

author = "Oded Stark",

year = "2014",

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A policy response to a downside of the integration of economies: An impossibility theorem

Abstract

Keywords

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