During the past five decades developing countries in Asia have provided the most persuasive and credible story as to how poor countries can progress and bring about prosperity for their downtrodden people. Beginning with Japan, followed by NICs particularly Korea, ASEAN countries and now China, these countries have not only doubled or quadrupled per capita incomes in a record time but also sign...

This paper examines trends in the assets and incomes of older Australians between 1986 and 1998. The average wealth of older Australians almost doubled from $106,000 to $204,000 between 1986 and 1998. This was in sharp contrast to the fall in the average wealth holdings of Australians aged less than 45 years over the same time period. The average picture for older Australians masked major diffe...

We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers belonging to different communities. We show that an exogenous increase in the incomes of capitalists sets...

This paper describes the evaluation of individual situations in terms of equivalent incomes computed from ordinary income by adding or subtracting various terms of willingness-to-pay. It discusses the origin of the approach and its connection with social choice theory and philosophical principles. It also examines the challenges to be addressed for empirical applications of the approach.

Macro studies reveal that internal migration is of considerable extent in India, however disaggregated studies on specific migrant groups are lacking from India. The present study is based on a scientifically drawn sample of 10,428 migrant households living in Delhi and the objective is to present socio-economic profile of the socioeconomically disadvantaged migrants living in Delhi. Migration ...

Contrary to the popular view that the U.S. welfare system has been in a contractionary phase after the expansions of the welfare state in the 1960s, welfare spending resumed steady growth after a pause in the 1970s. However, although aggregate spending is higher than ever, there have been redistributions away from non-elderly and nondisabled families to families with older adults and to familie...

This article develops a typology of family change over the first five years of children's lives using data from the Millennium Cohort Study. It examines the changes over time of parental living arrangements and describes a range of social, economic and well-being indicators. It shows that nearly three quarters of this sample of young children have not experienced changes in family structures. T...

This paper is a survey of recent progress in the theory of ruin for risk processes that earn investment return on invested assets.

2. Inflation tends to injure low-income groups somewhat more than the upper income or even the middle income groups. Theoretically this should not necessarily be so, but it works that way because lower income groups cannot, or do not know how to, protect themselves as do people at higher income levels. For example, in several public opinion polls, people have been asked how they think they can ...

April 2009 OVERVIEW The number of U.S. children living in poverty increased in 2007—continuing an upward trend dating back to 2000: In 2007, 13.3 million children were living in poverty, up from 11.6 million children in 2000. The percentage of children living in families with incomes below the poverty line has increased from 16.2 percent in 2000 to 18.0 percent in 2007. Thus, a large number of ...