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 |
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Pages (from-to) | 180-184 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 124 |
Issue number | 2 |
DOIs | |
State | Published - Aug 2014 |
Externally published | Yes |
Keywords
- Aggregate relative deprivation
- Merger of populations
- Policy response
- Revision of social space
- Societal stress