welfare economics

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welfare economics

n (functioning as singular)
(Economics) the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources
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References in periodicals archive ?
The country's massive infrastructure program is also confronted with capacity issues and labor supply woes.
is engaged in the development and commercialisation of new design geometric configuration engines, precision engineering services and industrial supply services including vehicle and labor supply to the transport industry.
The real estate market will continue to benefit from the country's sustained economic growth this year, but project delays related to the tight labor supply in the construction sector will remain a key challenge, property consulting firm Colliers Philippines said.
Moreover, households receiving remittances may utilize the higher income to reduce work effort and increase luxury spending or education, which will further reduce the labor supply. The reduction of the labor supply may lead to an increase in the wage level, which will increase production cost and erode competitiveness.
Whether government benefits discourage labor supply by individuals 65 and older, and if so by how much, has attracted research interest since the creation of such transfer programs.
Selecting Q and H so that he does the best he can given his constraints results in commodity demand and labor supply equations, the latter being
Total tax revenue decreases due to the lower tax rates, but the increase in aggregate income that results from the additional investment and labor supply offset the revenue losses to some extent.
In order to test the behavior of male and female labor supply in Spain and Italy, we estimate labor supply models for women and men living in couples.
* Hamish Low, University of Cambridge; Costa Meghir, Yale University and NBER; Luigi Pistaferri, Stanford University and NBER; and Alessandra Voena, University of Chicago and NBER, "Marriage, Social Insurance, and Labor Supply"
Evaluating the labor supply is more complicated than just looking at unemployment, Yost said.
The volumes are titled as follows: Labor Supply and Labor Demand (v.1); Labor Market Equilibrium (v.2); Wage Differences Among Workers (v.3); and Unions, Contracts, and Unemployment (v.4).