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Macroeconomic data on 45 countries are combined with microeconomic data on 4 case-study countries to reveal signifi cant differences in the levels of education attained under the different colonial powers in Africa during the colonial period. In 1960, former British colonies exhibited higher...
Persistent link: https://www.econbiz.de/10010861483
We show, in contrast with Stiglitz, that an inegalitarian long run equi- librium can emerge in a Solow growth model …
Persistent link: https://www.econbiz.de/10010706382
The aim of this paper is to show that inequalities of wealth can be necessary conditions to explain the apparition and rise of a capitalistic system. We try to highlight Marx's insights on primitive accumulation. Our dynamic framework is consistent with Roemer's idea of endogenous class...
Persistent link: https://www.econbiz.de/10010707668
, growth and welfare. Health spending triggers technological progress, which is a potential source of better outcomes in terms … of longevity and quality of life, a direct source of growth for the bio-tech industries and an indirect source of growth … the population in the labour force and higher labour productivity levels. In turn, income growth induces an increase in …
Persistent link: https://www.econbiz.de/10010708796
Persistent link: https://www.econbiz.de/10010709023
Insurance coverage for natural disasters remains low in many exposed areas. A limited supply of insurance is commonly identified as a primary causal factor in this low insurance coverage. The French overseas departments provide a rare natural experiment of a well-developed supply of natural...
Persistent link: https://www.econbiz.de/10010772255
We examine the long-term effects on individual economic outcomes of a set of earthquakes – numerous, large, but mostly not extreme – that occurred in rural Indonesia since 1985. Using longitudinal individual-level data from large-scale household surveys, together with precise measures of...
Persistent link: https://www.econbiz.de/10011072006
growth increase risk. We exhibit realistic cases where exclusion zones shrink as risk rises. We disentangle the competing …
Persistent link: https://www.econbiz.de/10011072620
In France comprehensive house insurance includes coverage against natural disasters. Whereas the French overseas departments are more exposed to natural risks than continental France, only 52% of households in overseas departments have purchased house insurance for their main home in 2006,...
Persistent link: https://www.econbiz.de/10011072940
The French departments overseas are more exposed to natural risks than continental France. Nevertheless, they are less insured against natural disasters. In France, any housing insurance contract includes the coverage against natural disasters. In 2006, only 52% of households in departments...
Persistent link: https://www.econbiz.de/10011074319