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

Oded Stark

Economics Letters, 2014, vol. 124, issue 2, 180-184

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: Merger of populations; Revision of social space; Aggregate relative deprivation; Societal stress; Policy response (search for similar items in EconPapers)
JEL-codes: D04 D63 F55 H53 P51 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Working Paper: A policy response to a downside of the integration of economies: An impossibility theorem (2014)
Working Paper: A policy response to a downside of the integration of economies: An impossibility theorem (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:2:p:180-184

DOI: 10.1016/j.econlet.2014.03.006

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