Household Dynamics: Economic Growth and Policy
Author: William A Lord
Household Dynamics: Economic Growth and Policy uniquely integrates dynamic decision making by households, the collective implications of those decisions for economic growth and inequality, and their consequences for policy. Written by a prominent author in the field, Household Dynamics develops intertemporal models of consumption, saving, human capital accumulation, investments in children, intergenerational transfers, division of labor, and fertility. The implications of these models are then assessed intuitively-without econometrics-in terms of the empirical literature. This furthers a rich microeconomic analysis of tax, transfer, and social insurance policies. Household decisions are crucial inputs into the formulation of economic growth models. A variety of general equilibrium growth frameworks are developed, each selecting from among human and physical capital accumulation, population growth, and technical change. These are employed to address earnings inequality, transitional dynamics, and longer-term neoclassical and endogenous growth. Fiscal policy applications include generational accounting, Social Security, and income taxation. Household Dynamics is a clear and accessible text appropriate for advanced undergraduate- and graduate-level courses. Although the models are developed in-depth, the analysis presupposes only a solid grounding in intermediate economic theory and exposure to the fundamental concepts of differential calculus. The emphasis on recent results, the depth of analysis, and the breadth of topics integrated also make this book a valuable reference for researchers.
Table of Contents:
Preface | ||
Acknowledgments | ||
1 | Consumption and Saving, I | 1 |
2 | Consumption and Saving, II | 40 |
3 | Neoclassical Growth Theory | 78 |
4 | Intergenerational Fiscal Policy and Capital Accumulation | 118 |
5 | Intergenerational Financial Transfers | 152 |
6 | Family Investments in Children, Child Earnings, and Economic Growth | 188 |
7 | Skill Acquisition, Inequality, and Growth | 222 |
8 | The Allocation of Time Between Home and Market over the Life Cycle | 269 |
9 | Household Fertility and Economic Growth | 316 |
References | 359 | |
Index | 371 |
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Managing Egypt's Poor and the Politics of Benevolence, 1800-1952
Author: Mine Ener
This richly textured social history recovers the voices and experiences of poor Egyptians--beggars, foundlings, the sick and maimed--giving them a history for the first time. As Mine Ener tells their fascinating stories alongside those of reformers, tourists, politicians, and philanthropists, she explores the economic, political, and colonial context that shaped poverty policy for a century and a half.
While poverty and poverty relief have been extensively studied in the North American and European contexts, there has been little research done on the issue for the Middle East--and scant comprehensive presentation of the Islamic ethos that has guided charitable action in the region. Drawing on British and Egyptian archival sources, Ener documents transformations in poor relief, changing attitudes toward the public poor, the entrance of new state and private actors in the field of charity, the motivations behind their efforts, and the poor's use of programs created to help them. She also fosters a dialogue between Middle Eastern studies and those who study poverty relief elsewhere by explicitly comparing Egypt's poor relief to policies in Istanbul and also Western Europe, Russia, and North America.
Heralding a new kind of research into how societies care for the destitute--and into the religious prerogatives that guide them--this book is one of the first in-depth studies of charity and philanthropy in a region whose social problems have never been of greater interest to the West.
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