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comparative advantage. We test students who have been exposed to the typical textbook and classroom presentation of specialization … and trade with real but paradoxical situations where the same goods are both imported and exported by a country. Students …
Persistent link: https://www.econbiz.de/10011198484
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...
Persistent link: https://www.econbiz.de/10009020786
According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...
Persistent link: https://www.econbiz.de/10010790168
Nearly 75 years ago, John Hicks introduced and formalized the concept of the elasticity of substitution between capital and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived demand for productive factors, the distribution of...
Persistent link: https://www.econbiz.de/10005766148
More females than males have been attending Canadian universities over the past decade and this gender imbalance in university participation has been increasing. We use the Linear Probability and Logit models to investigate the determinants of attending university and explore the reasons for the...
Persistent link: https://www.econbiz.de/10008583640
Regression analysis using panel data for 42 colleges and universities over 14 years suggests that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty...
Persistent link: https://www.econbiz.de/10008572517
. Using data from three recent studies in South Asia and Africa, we show that a majority of students spend years of …
Persistent link: https://www.econbiz.de/10010599724
Many countries are currently expanding access to child care for young children. But are all children equally likely to benefit from such expansions? We address this question by adopting a marginal treatment effects framework. We study the West German setting where high quality center-based care...
Persistent link: https://www.econbiz.de/10010599725
of less able students. As we argue in the paper, this adjustment benefits low-ability college students at the expense of … colleges become a less appealing alternative for the medium ability students. The selective, elite colleges therefore adopt a … more demanding curriculum to better serve their most able students, again at the expense of medium ability students. The …
Persistent link: https://www.econbiz.de/10011257677
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10011200048