This paper studies the effect that mother's education as knowledge has on child health using height for age as health measure. Using cross sectional data from de 1993 South Africa Integrated Household Survey, and health measures form de National Center for Health Statistics, we find a...

A partir de la Encuesta Salud, Bienestar y Envejecimiento (SABE) de la OPS-OMS (2001) se estiman los determinantes del estado de salud para los adultos mayores montevideanos (60 años y más). Se utilizan cuatro aproximaciones a dicho estado: limitaciones funcionales, autopercepción,...

Rational beliefs (in the form of WAMS measures) are expectations which though consistent with empirical observations, may deviate from the true underlying probability measure under which data is generated.We provide results on, as well as a decomposition of, WAMS measures and use this to...

This paper provides a general approach in the framework of a complete markets stochastic overlapping generations model to assess whether debt Ponzi schemes are feasible and Pareto-improving. We derive conditions in terms of bond interest rates of different maturities which can be used to assess...

When asset markets are incomplete there are almost always many Pareto improving policy interventions. Remarkably, these interventions do not involve adding any new markets. Focusing on tax policy, I create a framework for proving the existence of Pareto improving taxes, for computing them, and...

Rational beliefs (in the form of WAMS measures) are expectations which though consistent with empirical observations, may deviate from the true underlying probability measure under which data is generated.We provide results on, as well as a decomposition of, WAMS measures and use this to...

Valuation of the benefits from the preservation of water resources is often of interest to policy makers and funding institutions. In developing countries, valuation studies are potentially useful for designing funding policies when inequality is a concern. To fulfil this goal, however,...

This paper explores the role of life expectancy as a determinant of educational attainment and fertility, both during the demographic transition and after its completion. Two main points distinguish our analysis from the previous ones. First, together with the investments of parents in the human...

Recent studies have drawn attention to high prevalence of stunting among children in rural India. In fact, these estimates point to more pervasive deprivation than conventional measures of poverty based on income or consumption expenditure shortfalls. Since stunting measures chronic...

In cross-country/cross-region multilateral consumer price level comparisons, differences in the mix of food items consumed in individual countries pose a major problem. Comparison of the level of prices of food items in two countries will be difficult, if the sets of food items consumed in the...