This paper addresses the question to which extent the complementarity between educationand training can be attributed to differences in observable characteristics, i.e. to individual,job and firm specific characteristics. The novelty of this paper is to analyze previouslyunconsidered...

We investigate the positive and normative consequences of child-labor restrictions foreconomic aggregates and welfare. We argue that even though the laissez-faire outcome maybe inefficient, there are usually better policies to cure these inefficiencies than the impositionof a child-labor ban...

Few researchers have examined the nature and determinants of earnings differentials amongreligious groups, and none has been undertaken in the context of conflict-prone multireligioussocieties like the one in India. We address this lacuna in the literature by examiningthe differences in the...

In this paper, we analyze a principal's optimal feedback policy in tournaments. We close agap in the literature by assuming the principal to be unable to commit to a certain policy atthe beginning of the tournament...