Showing 1 - 10 of 259
higher number of siblings has a negative effect in general, holding birth order constant, except when parents belong to the … are both significant and substantial, even when many controls are included in the regressions. A high rank among siblings … number of siblings as instruments. The OLS estimates of returns to education are biased downwards, when females are …
Persistent link: https://www.econbiz.de/10005124292
We analyze interaction effects of birth weight and the business cycle at birth on individual cardiovascular (CV) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and education and to what extent those mitigate the long-run...
Persistent link: https://www.econbiz.de/10011084641
Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries, yet global trade in farm products continues to be far more distorted than trade in nonfarm goods. Those distortions reduce some forms of poverty and inequality but...
Persistent link: https://www.econbiz.de/10008468695
The analysis uses a unique set of data matching mothers and their young adult children to study the impact of family background on young people’s educational attainments. The data is derived from the first five years (1991–5) of the British Household Panel Study. Mother’s education is...
Persistent link: https://www.econbiz.de/10005497967
through redistribution. This remains true in the limit, under strictly egalitarian preferences of the Principal. The same …
Persistent link: https://www.econbiz.de/10005498131
If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R&D because it … that standard redistribution always dominates limitations to IPRs. …
Persistent link: https://www.econbiz.de/10005791837
This Paper analyses an unusually conservative type of redistribution. We take land from the very rich, as usual, but … productivity, total surplus in the economy, and workers’ welfare. Compared to the classic redistribution ‘to the tiller’ it does …
Persistent link: https://www.econbiz.de/10005124299
against general redistribution. As diversity increases further, however, these policies are not sustainable. There exists a … critical threshold of diversity above which the only policy that can emerge supports exclusively general redistribution. In …
Persistent link: https://www.econbiz.de/10005124358
It is theoretically clear and may be verified empirically that efficient financial markets can make it less necessary for policy to try and offset the welfare effects of labour income risk and unequal consumption dynamics. The literature has also pointed out that, since international competition...
Persistent link: https://www.econbiz.de/10005498197
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social security (SS). In our model, agents are heterogeneous in age and income. Young generations confront promises made previously by older generations, and in turn choose current levels...
Persistent link: https://www.econbiz.de/10005123867