[PDF.22ch] Aggregate Returns to Individual Decisions: Development, Income Inequality and Competition for Jobs and Workers (Europäische Hochschulschriften / ... / Publications Universitaires Européennes)

Aggregate Returns to Individual Decisions: Development, Income Inequality and Competition for Jobs and Workers (Europäische Hochschulschriften / ... / Publications Universitaires Européennes)

[PDF.os31] Aggregate Returns to Individual Decisions: Development, Income Inequality and Competition for Jobs and Workers (Europäische Hochschulschriften / ... / Publications Universitaires Européennes)

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 |  2003-10-22 | Original language:English | PDF # 1 |  5.91 x.59 x8.23l,.0 | File type: PDF | 236 pages

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||About the Author|The Author: Uwe Sunde was born in 1973 in Garmisch-Partenkirchen. From 1993 to 1998, he studied economics at the University of Munich, and the University of Warwick, England, which he visited for one year. After receiving the diploma in economic

In general, economic decisions are made in order to maximize individual well-being or, equivalently, to maximize the returns of these decisions to the individual. However, while taking their environment as given, the decision-makers often do not explicitly take into account what consequences their decisions have on the aggregate level. Many macroeconomic phenomena can be seen as unintended or unforeseen consequences, ‘returns’, to the decisions of rational in...

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