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Risk, inequality and time in the welfare economics of climate change: is the workhorse model underspecified?
Hepburn, Cameron; Hakon Sælen; Atkinson, Giles - Department of Economics, Oxford University - 2008
climate change economics, by surveying the attitudes of over 3000 people to risk, time, and income inequality.  The results …
Persistent link: https://www.econbiz.de/10005047845
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Farm productivity and efficiency in rural Bangladesh: The role of education revisited
Asadullah, M. Niaz; Rahman, Sanzidur - Department of Economics, Oxford University - 2005
This paper reassesses the debate over the role of education in farm production in Bangladesh using a large dataset on rice producing households from 141 villages. Average and stochastic production functions are estimated to ascertain the effect of education on productivity and efficiency. A full...
Persistent link: https://www.econbiz.de/10010605214
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Automatic Selection for Non-linear Models
Castle, Jennifer; Hendry, David - Department of Economics, Oxford University - 2010
Our strategy for automatic selection in potentially non-linear processes is: test for non-linearity in the unrestricted linear formulation; if that test rejects, specify a general model using polynomials, to be simplified to a minimal congruent representation; finally select by encompassing...
Persistent link: https://www.econbiz.de/10008497743
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Returns to Education in Australia
Leigh, Andrew - Research School of Economics, College of Business and … - 2007
Using data from the 2001-2005 waves of the Household, Income and Labour Dynamics in Australia survey, and taking …
Persistent link: https://www.econbiz.de/10004971326
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Increasing Returns to Education: Theory and Evidence
Booth, Alison; Coles, Melvyn; Gong, Xiaodong - Research School of Economics, College of Business and … - 2006
We model educational investment and labor supply in a competitive economy with home and market production. Heterogeneous workers are assumed to have different productivities both at home and in the workplace. We show that there are increasing returns to education at the labor market...
Persistent link: https://www.econbiz.de/10004977262
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Intrahousehold Allocation of Education Expenditure and Returns to Education: The Case of Sri Lanka
Himaz, Rozana - Department of Economics, Oxford University - 2008
This paper uses demand analysis to explore whether intrahousehold allocation of education expenditure differs between boys and girls in rural Sri Lanka.  Contrary to most countries in South Asia a significant bias favouring girls is found in 1990/91 for the 5-9 and 17-19 age groups and in...
Persistent link: https://www.econbiz.de/10005047961
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Estimating Returns to Education: Three Natural Experiment Techniques Compared
Leigh, Andrew; Ryan, Chris - Research School of Economics, College of Business and … - 2005
twins. With annual pre-tax income as our measure of income, we find that the naïve (OLS) returns to an additional year of … higher return to education than previous studies, we believe that this is primarily due to the better measurement of income …
Persistent link: https://www.econbiz.de/10005032827
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The Dynamics of Returns to Education in Kenyan and Tanzanian Manufacturing
Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2004
The returns to education remain a central concern for development policy. In developed countries there is evidence that the returns to education have been rising. Evidence for changes over this period for developing countries is limited. In this paper we use data from Kenya and Tanzania to...
Persistent link: https://www.econbiz.de/10011152499
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The role of income in money demand during hyper-inflation: the case of Yugoslavia
Nielsen, Bent; Mladenovic, Zorica - Department of Economics, Oxford University - 2009
-inflation variables such as real income has been given a somewhat passive role, either assuming it exogenous or to have a negligible role … extreme Yugoslavian episode to investigate the role of income.  The analysis suggests that even in extreme hyper-inflation the … monetary variables and real income are simultaneously determined.  The methodology enables a description of the short term …
Persistent link: https://www.econbiz.de/10011004302
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Why has trade grown faster than income?
Rose, Andrew K. - Federal Reserve Board (Board of Governors of the … - 1990
Trade of the OECD countries has grown faster than income during the postwar period. This paper tests a number of … different hypotheses for the observed growth in the trade/income ratio. For small open economies, increases in real output and …
Persistent link: https://www.econbiz.de/10005368240