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Consumption Growth, the Interest Rate, and Financial Literacy
Jappelli, Tullio; Padula, Mario - C.E.P.R. Discussion Papers - 2013
We study a model in which financial sophistication improves portfolio returns and therefore the incentive to substitute consumption intertemporally. The model delivers a Euler equation in which consumption growth is positively correlated with financial sophistication. We test the model's...
Persistent link: https://www.econbiz.de/10011084488
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Israel: The Start-Up Nation, and its Threat from Within
Ben-David, Dan - C.E.P.R. Discussion Papers - 2012
Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...
Persistent link: https://www.econbiz.de/10011084118
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Is teenage motherhood contagious? Evidence from a Natural Experiment
Monstad, Karin; Propper, Carol; Salvanes, Kjell G - C.E.P.R. Discussion Papers - 2011
There is relatively little research on peer effects in teenage motherhood despite the fact that peer effects, and in particular social interaction within the family, is likely to be important. We estimate the impact of an elder sister’s teenage fertility on the teenage childbearing of their...
Persistent link: https://www.econbiz.de/10009209828
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Immigration and the School System
Albornoz-Crespo, Facundo; Cabrales, Antonio; Hauk, Esther - C.E.P.R. Discussion Papers - 2011
Immigration is an important problem in many societies, and it has wide-ranging eects on the educational systems of host countries. There is a now a large empirical literature, but very little theoretical work on this topic. We introduce a model of family immigration in a framework where school...
Persistent link: https://www.econbiz.de/10009365649
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Education and Invention
Toivanen, Otto; Väänänen, Lotta - C.E.P.R. Discussion Papers - 2011
: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on …. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our …
Persistent link: https://www.econbiz.de/10009275968
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Marriage and Emancipation in The Age of The Pill
Edlund, Lena Cecilia; Machado, Cecilia - C.E.P.R. Discussion Papers - 2009
with the Pill, we speculate, may have provided women with the means to pursue higher education at a time of limited student …
Persistent link: https://www.econbiz.de/10008459769
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Educational Inputs and Outcomes Before the Transition from Communism
Beirne, John; Campos, Nauro F - C.E.P.R. Discussion Papers - 2007
. However, if factories under communism were so inefficient, why would the education system not have been? Using the education …
Persistent link: https://www.econbiz.de/10005666644
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Heterogeneity, Stratification and Growth
Bénabou, Roland - C.E.P.R. Discussion Papers - 1993
particular when comparing local and national funding of education, which correspond to special cases of segregation and …
Persistent link: https://www.econbiz.de/10005666953
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Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market
Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2004
insurance against unemployment caused by labour market frictions and hence increases the incentives for education. We show … within a matching model that reducing the start-up costs for new firms results in higher take-up rates of education. It also …
Persistent link: https://www.econbiz.de/10005789165
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A Microfoundation for Increasing Returns in Human Capital Accumulation and the Under-Participation Trap
Booth, Alison L.; Coles, Melvyn - Research School of Economics, College of Business and … - 2006
the labour market and underinvestment in education. A central insight is that the ex-post participation decision of … workers endogeneously generates increasing marginal returns to education. Although equilibrium implies underinvestment in … education, optimal policy is not to subsidise education. Instead it is to subsidise labour market participation which we argue …
Persistent link: https://www.econbiz.de/10004971321