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nonlinearities in household demand. Therefore, the econometric framework should not impose any strong restrictions on the functional … forms of household expenditure shares. The chosen semiparametric specification meets this requirement. It is flexible, it … yields N-consistent parameter estimates, and is consistent with consumer theory. Estimated equivalence scales are below or in …
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Most normative studies on child labor arrive at the conclusion that child labor is detrimental to social welfare. Child labor is, however, still prevalent in many developing countries even though in many of these countries it is forbidden by law. In this paper we develop a political-economic...
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There are theoretical foundations which allow hypothesizing on a positive association of life expectancy or retirement age with income. If both cannot be falsified, the relationship of income and the internal rate of return of a public pension system is not straight forward. By application of a...
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This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on the German Socio-Economic Panel (GSOEP) for 1984 to 2004. Between 1984 and 1994 the wage distribution was fairly stable. Wage inequality started to increase around 1994 in...
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