Does schooling pay off? - a seemingly straightforward question, but it is in fact a puzzle among economists. Answers would differ based on how the returns to schooling are estimated. Among the top concerns is whether such estimations have any causal connotation between the amount of schooling...

Does schooling pay off? - a seemingly straightforward question, but it is in fact a puzzle among economists. Answers would differ based on how the returns to schooling are estimated. Among the top concerns is whether such estimations have any causal connotation between the amount of schooling...

Estimating the value of numerical superstitions using the hedonic regression method faces an empirical challenge to separate the superstition and non-superstition components. In Malaysia, the number of eight is a lucky number by the Chinese as its pronunciation carries the meaning of...

We estimate the distributional effects of freedom and income on happiness for East Asian Chinese societies through an ordinal parametric quantile regression approach. The results show that freedom and income exhibit positive and significant effects across societies and happiness levels. The...