Income distribution and financial satisfaction between spouses in Europe

The article analyses the distribution of income between spouses and the consequences for their financial satisfaction within different welfare regimes. We find that the financial satisfaction of husbands declines and that the financial satisfaction of wives increases the more a wife earns relative to her husband. However, the relationships are often of an inversed U-shaped form for both sexes, with men achieving the highest satisfaction at an earlier stage than women. Within the Scandinavian welfare state regime this optimal distribution is found closer to the actual income distribution than in the continental European and liberal regimes, and in the southern European regime the optimal distribution is far from being achieved.     

The economic costs of childhood poverty in the United States

This paper attempts to estimate the aggregate annual costs of child poverty to the US economy. It begins with a review of rigorous research studies that estimate the statistical association between children growing up in poverty and their earnings, propensity to commit crime, and quality of health later in life. We also review estimates of the costs that crime and poor health impose on the economy. Then we aggregate all of these average costs per poor child across the total number of children growing up in poverty in the United States to obtain our estimate of the aggregate costs of the conditions associated with childhood poverty to the US economy. Our results suggest that these costs total about $500 billion per year, or the equivalent of nearly 4% of gross domestic product (GDP). More specifically, we estimate that childhood poverty each year: (1) reduces productivity and economic output by an amount equal to 1.3% of GDP, (2) raises the costs of crime by 1.3% of GDP, and (3) raises health expenditures and reduces the value of health by 1.2% of GDP.     

BOOK REVIEW

Hurricane Katrina ranks among the worst natural catastrophes in United States history. In addition to the physical damage to the city and the levees, Katrina will also be remembered for the posthurricane suffering, the lack of coordinated government response, and memorable reporting in the media. The media, here characterized as newspaper coverage, utilized anarchy to frame the reported postdisaster lack of government presence, the perceived threat of, and actual violence and looting in the immediate wake of the catastrophe. Ethnographic content analysis of 59 newspaper articles yielded a typology of the three different connotations of anarchy. Finally, a comparison is offered between the media's use of anarchy in the post-Katrina coverage and the sociopolitical theory of anarchy. The article concludes that although the media mischaracterized the postdisaster reality by using an anarchy frame, their coverage is consistent with the disaster mythology literature, while conflating typical disaster myths within the anarchy frame.     

Productivity,Real Wages and Worker Rights: A Cross-National Comparison

ABSTRACT: High unemployment in Europe has led many economists to recommend labour market deregulation — the removal of obstacles to labour market flexibility. These “obstacles” include union power, employment protection legislation and income security arrangements. We argue that such worker rights promote productivity and real wage growse effects. Policy-makers should be aware of these positive effects on productivity and real wage growth when considering curtailing worker rights in order to reduce unemployment.