The Welfare State and anti-poverty policy in rich countries

The aim of this lecture is to highlight some key aspects of recent economic research on the welfare state and anti-poverty policy in rich countries, and explore their implications. We begin with the conceptualisation and measurement of poverty, before sketching out some core features and approaches to the welfare state and anti-poverty policies. We then focus on the central plank of the modern welfare state’s efforts to address poverty, namely social protection, discussing in turn the inactive working-age population, child income support, in-work poverty, and retirement and old-age pensions. After that we discuss social spending on other than cash transfers: the labour market, education, training and activation, and finally intergenerational transmission, childhood and neighbourhoods. We also discuss the welfare state and anti-poverty policy in the context of the economic crisis which began in 2007-8, and the implications for strategies aimed at combining economic growth and employment with making serious inroads into poverty. We conclude with highlighting directions for future research.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech

Well-posedness of the non-local conservation law by stochastic perturbation

Stochastic non-local conservation law equation in the presence of discontinuous flux functions is considered in an $L^{1}\cap L^{2}$ setting. The flux function is assumed bounded and integrable (spatial variable). Our result is to prove existence and uniqueness of weak solutions. The solution is strong solution in the probabilistic sense. The proofs are constructive and based on the method of characteristics (in the presence of noise), It\^o-Wentzell-Kunita formula and commutators. Our results are new , to the best of our knowledge, and are the first nonlinear extension of the seminar paper [20] where the linear case was addressed.Comment: several corrections were made with respect to the first version. arXiv admin note: text overlap with arXiv:1702.0597

Data migration in archives of Serbia and Montenegro: Concept and example

We present organization of database used to store metadata about backup i.e about electronic files that make backup, and describe problems that occurred in the process of migrating data before database has been designed and fille

Welfare, inequality and financial consequences of a multi-pillar pension system. A reform in Peru

The distributional impact of the structural pension reform in Latin American countries has been largely absent in the economic debate. However, this reform may widen inequality in old-age and reduce welfare. In this paper we study the consequences of implementing a multi-pillar system in one of these countries. We take advantage of available administrative records for Peruvian workers to estimate inequality in pensions, pension debt and welfare. Overall, our results show that the pension debt and inequality can be substantially reduced without welfare losses.Pension reform, pension inequality, social security, Latin America, Peru.

Wellposedness for stochastic continuity equations with Ladyzhenskaya-Prodi-Serrin condition

We consider the stochastic divergence-free continuity equations with Ladyzhenskaya-Prodi-Serrin condition. Wellposedness is proved meanwhile uniqueness may fail for the deterministic PDE. The main issue of uniqueness realies on stochastic characteristic method and the generalized Ito-Ventzel-Kunita formula. Moreover, we prove a stability property for the solution with respect to the initial datum.Comment: To appears in Nonlinear Differential Equations and Applications NoDE

MOVING BEYOND THE LOCAL MARKETPLACE: DYNAMICS OF MERGERS AND ACQUISITIONS

Mergers and acquisitions (M&A), as well as the corporate restructuring intercede a great part of the corporate financial world. The most distinguished, the fifth merger wave, found to be five times larger in real terms compared to its predecessor, has involved companies within the service sector, principally those coming from the OECD countries. Historical trends, however, suggest that nearly two-thirds of big M&A have lost the value on the stock market and merely 46% have not been disappointed on their own terms. Hence, this paper aims at assessing the effects, regional and sectorial patterns of M&A, as well as to address some related implications by means of detailed and comprehensive data set.mergers and acquisitions, sectorial break-down, regional divergence, efficiency gains, failure