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Empirical papers studying the effects of neighbourhood characteristics on socio-economic variables have predominantly used US data. We argue that the local nature of the US schooling system means that neighbourhood effects on education decisions may act through fiscal or social channels. We use...
Persistent link: https://www.econbiz.de/10010884514
Current models of conservation auctions do not permit for the presence of environmental externalities and synergies … environmental externalities. Clearly, our models do not tell the whole story, and they consequently fail to identify waste and … inefficiency in these auctions. Our paper shows how externalities between bidders can be incorporated into our models of …
Persistent link: https://www.econbiz.de/10010745522
We provide empirical evidence on the nature of spatial externalities in a matching model for the UK. We use a monthly …
Persistent link: https://www.econbiz.de/10010745980
This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of measuring and evaluating. In Part II (Sections 4-7) I identify a minimal set...
Persistent link: https://www.econbiz.de/10010746162
AA substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10011126406
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
disruptive externalities of mobility are statistically significant, but actually very small in terms of their educational impact …
Persistent link: https://www.econbiz.de/10011071223
The rate of return to schooling appears to be nearly two percentage points greater for females than for males in the National Longitudinal Survey of Youth data set, despite the fact that females tend to earn less, both absolutely and controlling for personal characteristics. A survey of previous...
Persistent link: https://www.econbiz.de/10010744806
Given recent emphasis on externality to education, macroeconomic studies have a role to play in the analysis of return to schooling. In this paper we study the connection between growth and human capital in a convergence regression for the panel of Italian regions. We include measures of...
Persistent link: https://www.econbiz.de/10010745209
Changes in the relative wages of workers with different amounts of education have profound implications for developing countries, where initial levels of inequality are often very high. In this paper we use micro data for five Latin American countries over the 1980s and 1990s to document trends...
Persistent link: https://www.econbiz.de/10010745530