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The validity of family background variables instrumenting education in income regressions has been much criticized. In … instruments in income regressions. …
Persistent link: https://www.econbiz.de/10010326044
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10010325824
children and mothers in Ecuador. We find that home visits are beneficial for children's cognitive outcomes and health and for …
Persistent link: https://www.econbiz.de/10014179423
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10010325858
We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The bene??it of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...
Persistent link: https://www.econbiz.de/10010326545
This paper examines the effect of a housing assistance program on school enrollment, child labor and poverty reduction among poor families in Ecuador. Administrative data is merged to a household panel to link the history of a voucher application with socioeconomic information. Two empirical...
Persistent link: https://www.econbiz.de/10010326465