This study develops a theory of investment in human capital which rests on the assumption that an individual will choose to remain in school if the present value of the future income stream associated with additional education exceeds that associated with the present level of education. The...

This study seeks to identify key determinants of the percent of the population enrolled in HMOs. The HMO enrollment rate is an increasing function of the unionization rate and female labor force participation rate, while being a decreasing function of the poverty rate, the unemployment rate, and...

Using panel data for OECD nations for the period 2003-2009, the fixed-effects estimations in this study all provide strong support for the three central hypotheses considered here, namely: (1) the standard of living in a nation, measured in this study as the level of purchasing-power-parity...