Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. Health human capital is introduced into a two-period overlapping generations model....

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone’s income can be appropriated by its model. Only people with the highest ability are cloned, while...

This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘limited’ by the financial status of the parent. [CDE WP 101].

Suggestions for sections of the bill is given.

We identify birth wantedness as a source of better child outcomes. In Vietnam, the year of birth is widely believed to determine success. As a result, cohorts born in auspicious years are 12 percent larger. Comparing siblings with one another, those of auspicious cohorts are found to have 2...

This paper argues that graduated penalties observed in most legal systems may be an attempt to direct law enforcement efforts towards crimes that are socially more harmful, thereby achieving better deterrence overall. The critical assumptions are: the state cannot commit to monitoring strategy,...

However despite the enuniciation of ‘rarest of rare’, there has been no decrease in the number of death sentences awarded by various courts. This essay shall attempt to chart the ‘hardening’ of the criminal justice system and increased punishment, and particularly focus...