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Modelling Vulnerability in the UK
Bandyopadhyay, Sanghamitra; Cowell, Frank A. - London School of Economics and Political Science - 2007
In this paper we examine the concept of "vulnerability" (Townsend 1994) within thecontext of income mobility of the … have the greatest impact on consumption, incomparison to shocks to the income stream. Quantile-specific estimates … income stream. The estimates are foundto be robust to household composition and year-specific shocks.[...] …
Persistent link: https://www.econbiz.de/10005871008
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Developing Family Development Accounts in Taipei:Policy Innovation from Income to Assets
Cheng, Li-Chen - London School of Economics and Political Science - 2004
drew heavily on Sherraden’sasset-based welfare theory, and was to provide matched savings accounts forlow-income families … in the City. This paper presents the “income to assets”policy shift process and a research summary on the participants to …
Persistent link: https://www.econbiz.de/10009354045
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Entrepreneurial talent, occupational choice, and trickle up policies
Ghatak, Maitreesh; Morelli, Massimo; Sjöström, Tomas - London School of Economics and Political Science; Ohio …; … - 2006
We study market inefficiencies and policy remedies when agents choose their occupations, and entrepreneurialtalent is subject to private information. Untalented entrepreneurs depress the returns to entrepreneurshipbecause of adverse selection. The severity of this problem depends on the outside...
Persistent link: https://www.econbiz.de/10008860726
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Social Mobility, Life Chances, and the Early Years
Waldfogel, Jane - London School of Economics and Political Science - 2004
It is widely agreed that the early years are a particularly important time forefforts to increase social mobility, because a good deal of inequality is alreadyapparent by the time children start school, and because children’s developmentmay be less amenable to change after they enter school....
Persistent link: https://www.econbiz.de/10009354040
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Trade and the Skill Premium Puzzle with Capital Market Imperfections
Bonfatti, Roberto; Ghatak, Maitreesh - University <Oxford> / Department of Economics; London … - 2010
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...
Persistent link: https://www.econbiz.de/10008860714
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Repayment Frequency in Micro nance Contracts with Present-Biased Borrowers
Fischer, Greg; Ghatak, Maitreesh - London School of Economics and Political Science - 2010
This paper analyzes the theoretical underpinnings of high-frequency repayment, a featurein nearly all microfi…nance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that frequent repayment is critical in achieving high repaymentrates is puzzling....
Persistent link: https://www.econbiz.de/10008860716
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CREDIT AND GROWTH UNDER LIMITED COMMITMENT
AZARIADIS, COSTAS; Kaas, Leo - London School of Economics and Political Science - 2008
We consider a linear growth model with idiosyncratic productivity shocks in whichproducers cannot commit to repay their loans. Borrowing constraints are determinedendogenously by the borrowers’ incentives to repay, assuming that defaulters lose a shareof output and are excluded from future...
Persistent link: https://www.econbiz.de/10009138462
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Estimating the Peace Dividend: The impact of violence on house prices in Northern Ireland
Besley, Timothy; Müller, Hannes - London School of Economics and Political Science - 2009
This paper exploits data on the pattern of violence across regionsand over time to estimate the impact of the peace process in NorthernIreland on house prices. We begin with a linear model that estimatesthe average treatment effect of a conflict-related killing on house prices-showing a negative...
Persistent link: https://www.econbiz.de/10009138507
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Intentions to participate in adolescent Training Programs: Evidence from Uganda
Bandiera, Oriana; Gulesci, Selim; Burgess, Robin; … - London School of Economics and Political Science - 2009
Almost one third of the population in developing countries is under age 15. Hence improvingthe effectiveness of policy interventions that target adolescents might be especiallyimportant. We analyze the intention to participate in training programs of adolescent girlsin Uganda, a country with...
Persistent link: https://www.econbiz.de/10009248836
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Housing Outcomes: An Assessment of Long-Term Trends
Orr, James A.; Peach, Richard W. - Federal Reserve Bank <New York, NY>; London School of … - 1999
of the household’s income, andthe household’s assessment of the quality of its neighborhoodand of its local public … services. In this paper, weexamine trends in housing outcomes over the past twodecades for income quintiles, controlling for …
Persistent link: https://www.econbiz.de/10005870043