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Consequently, cohorts with less timespan to adjust to the reform may experience some negligible welfare deterioration.
Introducing heterogeneity allows to elaborate further on the point raised by Hairault and Langot (2008) that for some types of agents there may be insufficient room to adjust savings and labor supply, thus leading to welfare deterioration for these groups of agents via the general equilibrium effects.
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Thus poor households that depend on agriculture as their primary source of income have been the most affected by neoliberal policies, with stagnation or deterioration in welfare over the past 20 years.
This deterioration in her welfare has prompted us to step in and humanely euthanise her".
These numbers fail to capture fully the deterioration in Venezuelans' welfare: price controls have prompted widespread shortages of basic goods (the latest hard-to-find item is coffins).
A 30-year-old polar bear at a wildlife park in Scotland has been put down after suffering "age-related health problems and a rapid deterioration in her welfare".
There is a rising concern that increased immigration will cause a deterioration of extensive welfare programmes, because more heterogeneity in the population might weaken norms and support for such programmes (Bay et al. 2007).
The decline in economic performance has translated into a deterioration in peoples welfare most of whom (85percentt) live in rural communities.
The endpoints set for the experiments were defined by rapid weight loss by 20% of the body weight, tumour diameter exceeding 13 mm, and any health deteriorations impacting on the welfare of the animal as set by the Deakin University Animal Ethics Committee.
Two months later and 30-year-old Mercedes was "put to sleep" after a rapid deterioration in her health and welfare.
These changes indicate deteriorations or improvements in overall welfare.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com