Showing 1 - 10 of 22
The objective of this work is to try to define and calculate the optimal growth path, in the presence of exogenous technical change, without resorting to the discounted-sum criterion. The solution suggested is to consider an optimality criterion expressing an anonymous intergenerational...
Persistent link: https://www.econbiz.de/10005062748
This paper studies the Pareto-optimality of the consensual optimum established in 'Intergenerational anonymity as an alternative to the discounted-sum criterion I: consensual optimality'. For that, a Pareto- optimality criterion is set up by the application of the generalized Karush, Kuhn and...
Persistent link: https://www.econbiz.de/10005556724
's students were women. A significant part of the return to college quality appears to arise from a greater likelihood of working …
Persistent link: https://www.econbiz.de/10005125045
Using the rich data from the National Longitudinal Survey of Youth, we show that several dimensions of college quality have substantial positive impacts on young men's wages. This finding is robust to a wide array of alternative specifications. Controlling for ability reveals that sorting of...
Persistent link: https://www.econbiz.de/10005125048
the substantial political efforts to equalize educational opportunities in Germany. Persons with less-educated parents …
Persistent link: https://www.econbiz.de/10005098074
In an environment where children's time has an economic value and employment opportunities for educated workers are … scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We … offer evidence that children's participation in child labor and schooling responds to economic returns to education in India …
Persistent link: https://www.econbiz.de/10005556051
This paper examines the channels through which education affects household earnings in environments where wages are unobserved. Utilizing data from rural Peru, the empirical strategy decomposes the earnings returns to education into various wage-dependent and labour supply parameters. Geographic...
Persistent link: https://www.econbiz.de/10005118674
The returns to education remain a central concern for development policy. In developed countries there is evidence that the returns to education have been rising.Evidence for changes over this period for developing countries is limited. In this paper we use data from Kenya and Tanzania to...
Persistent link: https://www.econbiz.de/10005118714
are random with respect to income. We use data on income and democracy going back to 1820, multiple definitions of … democracy, and non-parametric testing focusing on the distribution of entrants’ incomes. We find that income matters for entry … into higher levels of democracy; but if we control for the previously achieved level of democracy, the income effect …
Persistent link: https://www.econbiz.de/10005076629
Empirical studies of intertemporal dynamics of individual income, distribution of personal income, and growth and … distribution of national income are all based on statistics that rely on some concept of income. The dominant one today appears to … be the so-called Haig-Simons-Hicks (HSH) concept of income. I examine the foundations of this concept in Hicks's Value …
Persistent link: https://www.econbiz.de/10005135036