The increased emphasis on the role of human capital in economic growth has raised the level of interest in its mechanism of accumulation. Countries differ in the efficiency with which they teach their young, as they do in their savings and investment behavior. The recent household economics...

Like most other petroleum-exporting countries, Iran subsidizes domestic consumption of refined products. Real product prices have declined for the past 25 years while the rest of the world has adjusted to higher energy prices. In this paper I describe the market for petroleum products in Iran...