Showing 1 - 10 of 459
Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners, policymakers, and donors have ambitious goals for expanding access, and seek efficient methods for implementing and evaluating expansion. There is less consensus on the role of consumer...
Persistent link: https://www.econbiz.de/10005114273
steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …
Persistent link: https://www.econbiz.de/10005662008
growth, but they may provide relief from stress, support to family members and increased wellbeing. We argue that the value …
Persistent link: https://www.econbiz.de/10011083676
From the end of the second century C.E., Judaism enforced a religious norm requiring any Jewish father to educate his children. We present evidence supporting our thesis that this exogenous change in the religious and social norm had a major influence on Jewish economic and demographic history....
Persistent link: https://www.econbiz.de/10005788962
This paper analyzes optimal linear taxes on capital and labour incomes in a life-cycle model of human capital investment, financial savings, and labour supply with heterogenous individuals. A dual income tax with a positive marginal tax rate on not only labour income but also capital income is...
Persistent link: https://www.econbiz.de/10005123828
From the end of the second century C.E., Judaism enforced a religious norm requiring Jewish fathers to educate their sons. We present evidence supporting our thesis that this change in the religious and social norm had a major influence on Jewish economic and demographic history. First, the high...
Persistent link: https://www.econbiz.de/10005136751
This Paper studies a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom; where within a given occupation it may harm some workers while...
Persistent link: https://www.econbiz.de/10005791349
In this Paper, we analyse the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone's income can be appropriated by its model. Only people with the highest ability are cloned, while people at...
Persistent link: https://www.econbiz.de/10005792154
An incomplete markets life-cycle model with indivisible labour makes career lengths and human capital accumulation respond to labour tax rates and government supplied non-employment benefits. We compare aggregate and individual outcomes in this individualistic incomplete markets model with those...
Persistent link: https://www.econbiz.de/10005656326
We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a … standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in … often. During transition, (i) high overall growth is achieved when the network has high degree centralization and the most …
Persistent link: https://www.econbiz.de/10011201356