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elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its …
Persistent link: https://www.econbiz.de/10008511616
This paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We...
Persistent link: https://www.econbiz.de/10008533984
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10008534058
I derive values of marginal changes in a public good for two-person households, measured alternatively by household member i’s willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are assumed...
Persistent link: https://www.econbiz.de/10005181474
In the expected-utility theory of the monetary value of a statistical life, the so-called “dead-anyway” effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk....
Persistent link: https://www.econbiz.de/10005405707
Persistent link: https://www.econbiz.de/10000710654
This paper discusses economic performance status and policy developments of Pakistan. Amid setbacks to structural …
Persistent link: https://www.econbiz.de/10011460142
This 2015 Article IV Consultation highlights that starting from a difficult position in 2013, Pakistan has made …-fiscal liabilities in the energy sector in 2013. In the medium term, growth is expected to reach about 5.5 percent, and inflation is … expected to gradually rebound to the State Bank of Pakistan's target of mid-single digits …
Persistent link: https://www.econbiz.de/10011470689
This Selected Issues paper reviews Pakistan's tax regime, evaluates the level and composition of tax revenues, and … estimates tax buoyancy and efficiency. Despite recent progress under the program, Pakistan's tax revenue remains very low …
Persistent link: https://www.econbiz.de/10011470690
This paper discusses Pakistan's Eighth Review Under the Extended Arrangement and Request for Waivers of Nonobservance …
Persistent link: https://www.econbiz.de/10011473256