The analysis of labour market participation is useful for formulating employment and human resource development policies. Females form almost more than half of the total population in Pakistan play a very important role in the country. The present study endeavors to estimate the various factors...

The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of nonadditively separable preferences. The enlargement we...