Should education become more vocational or more general? We address this question in two steps. We first build and … education type vehicles three main externalities: specialists boost job creation in each sector; generalists improve the … unemployment rates by type of education in 2000. Self-selection is always inefficient: taxing vocational education to reduce the …

We document the numerical aspects of the calibration of cross-currency options on the local volatility framework. We …

We document the calibration of the local volatility in terms of local and implied instantaneous variances; we first …

stochastic volatility model for each stock with volatility driven by the index. This result is useful in a calibration …

determined by education and pollution. The government can implement a tax on pollution and recycle the revenue in public … pollution abatement and/or education subsidy (influencing green behaviors). When agent's preferences for the environment are … the tax revenue is well allocated between education and direct environmental protection. …

This paper analyzes the relationships between HIV/AIDS and education taking into account the appropriative nature of … child income. We first build a simple theoretical model linking parental health risk, educational choice and appropriation …

mobility and increases the average education level in the population. We also show that a planner that encourages social …