Workfare - A system making income support for the unemployed conditional on their performing some form of work for which they are suitable.
An exploration of food subsidies, their role in the economy, and their broader socio-economic impacts.
An overview of optimal taxation, its theoretical underpinnings, and its applications in various economic paradigms.
Comprehensive overview of 'Social Cost,' its definitions, major frameworks, and analytical perspectives in economics.
The proportion of those entitled to a benefit who actually claim it
A comprehensive overview of Pareto efficiency in economic allocation.
A comprehensive model that demonstrates the existence of equilibrium in a competitive economy, incorporating decision-making by individual consumers and firms.
An overview of the benefits system, its purpose, various forms, and the economic implications.
A framework in welfare economics that represents collective preferences and societal well-being.
A detailed exploration of the compensation principle, also known as the Hicks–Kaldor principle, its application in economics, and its criticisms.
An economic metric used to gauge the welfare change regarding a price change or policy intervention by comparing the amount of income needed to achieve original utility under new circumstances.
An exploration of the two fundamental theorems that describe the efficiency properties of a competitive equilibrium.
A geometric representation of the economic loss of welfare caused by market failure or government failure.
Growth of national or regional production which actually decreases welfare.
An overview of government payments aimed at maintaining individuals’ incomes at a prescribed minimum level.
A comprehensive overview of means-tested benefits, including definitions, analytical frameworks, comparative analysis, and related terms.
A proposal to combine income tax payments and social security benefits into a single system.
Payment of employees in goods or services rather than money
A fundamental principle in welfare economics that describes Pareto-efficient allocations in an economy with public goods.
A comprehensive overview of the term 'social benefit' in economics
The level of welfare in an economy or society expressed as a function of economic variables.
Making benefits available to a particular group of people identified by certain characteristics.
An entry exploring the scope, historical background, and multifaceted aspects of welfare economics.
