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Consumption Growth, the Interest Rate, and Financial Literacy

Jappelli, Tullio; Padula, Mario - C.E.P.R. Discussion Papers - 2013

We study a model in which financial sophistication improves portfolio returns and therefore the incentive to substitute consumption intertemporally. The model delivers a Euler equation in which consumption growth is positively correlated with financial sophistication. We test the model's...

Persistent link: https://www.econbiz.de/10011084488

Israel: The Start-Up Nation, and its Threat from Within

Ben-David, Dan - C.E.P.R. Discussion Papers - 2012

Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...

Persistent link: https://www.econbiz.de/10011084118

Is teenage motherhood contagious? Evidence from a Natural Experiment

Monstad, Karin; Propper, Carol; Salvanes, Kjell G - C.E.P.R. Discussion Papers - 2011

There is relatively little research on peer effects in teenage motherhood despite the fact that peer effects, and in particular social interaction within the family, is likely to be important. We estimate the impact of an elder sister’s teenage fertility on the teenage childbearing of their...

Persistent link: https://www.econbiz.de/10009209828

Immigration and the School System

Albornoz-Crespo, Facundo; Cabrales, Antonio; Hauk, Esther - C.E.P.R. Discussion Papers - 2011

Immigration is an important problem in many societies, and it has wide-ranging eects on the educational systems of host countries. There is a now a large empirical literature, but very little theoretical work on this topic. We introduce a model of family immigration in a framework where school...

Persistent link: https://www.econbiz.de/10009365649

Education and Invention

Toivanen, Otto; Väänänen, Lotta - C.E.P.R. Discussion Papers - 2011

: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on …. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our …

Persistent link: https://www.econbiz.de/10009275968

Part-Time Employment Traps and Childcare Policy

Booth, Alison L; Coles, Melvyn G - C.E.P.R. Discussion Papers - 2004

incentives to invest optimally ex ante in education. …

Persistent link: https://www.econbiz.de/10005123718

The Bargaining Family Revisited

Konrad, Kai A.; Lommerud, Kjell Erik - C.E.P.R. Discussion Papers - 1996

finding is that over-investment in education may be even more of a problem in our mixed cooperative-non-cooperative model than …

Persistent link: https://www.econbiz.de/10005123898

Are There Asymmetries in the Effects of Training on the Conditional Male Wage Distribution?

Arulampalam, Wiji; Booth, Alison L; Bryan, Mark L - C.E.P.R. Discussion Papers - 2004

We use a quantile regression framework to investigate the degree to which work-related training affects the location, scale and shape of the conditional wage distribution. Human capital theory suggests that the percentage returns to training investments will be the same across the conditional...

Persistent link: https://www.econbiz.de/10005124003

Human Capital and the Future of Transition Economies

Spagat, Michael - C.E.P.R. Discussion Papers - 2002

achievements are wasted as children fail to build upon their parents’ achievements. Policies affecting the education system and the …

Persistent link: https://www.econbiz.de/10005124062

Unemployment and Increasing Returns to Human Capital

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

unemployment rates. It may be the case that this locus is steep enough to generate increasing returns to education. This may lead … to multiple equilibria: a high-education equilibrium may coexist with a low-education equilibrium. In the former, the … Pareto-ranked, but the latter is preferred to the former by workers, while `savers' prefer the high-education equilibrium. …

Persistent link: https://www.econbiz.de/10005124159

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