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Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect : A Note

Sinn, Hans-Werner - 2021

This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a...

Persistent link: https://www.econbiz.de/10013316842

Intergenerational Risk-Sharing and Risk-Taking of a Pension Fund

Gollier, Christian - 2021

By using their financial reserves efficiently, pension funds can smooth shocks on asset returns, and can thus facilitate intergenerational risk-sharing. In addition to the primary benefit of improved time diversification, this form of risk allocation affords the additional benefit of allowing...

Persistent link: https://www.econbiz.de/10013317092

Alike in Many Ways : Intergenerational and Sibling Correlations of Brothers' Earnings

Bingley, Paul - 2012

We model the correlations of brothers' life-cycle earnings separating for the first time the effect of paternal earnings from additional residual sibling effects. We identify the two effects by analyzing sibling correlations and intergenerational correlations jointly within a unified framework....

Persistent link: https://www.econbiz.de/10013097712

Vocational High School Graduate Wage Gap : The Role of Cognitive Skills and Firms

Hartog, Joop - 2018

Comparing cohorts born between 1951 and 1994, we document and interpret changes in the wage differential among graduates from secondary education with a vocational and a general curriculum. The wage gap initially increased and then decreased. We find that these changes cannot be attributed to...

Persistent link: https://www.econbiz.de/10012914913

Coping with Change : International Differences in the Returns to Skills

Hanushek, Eric A. - 2016

Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...

Persistent link: https://www.econbiz.de/10012979542

The Returns to Elite College Education : A Quasi-Experimental Analysis

Anelli, Massimo - 2016

admission threshold have 52% higher yearly income with respect to just-below-threshold students. This premium is equivalent to a … income premium. I find that students with a just-above-threshold score are less likely to be college dropouts, take six fewer … administrative records about high school, college admission, college attendance and tax returns. Students with score just above the …

Persistent link: https://www.econbiz.de/10012980577

Technology and Education : Computers, Software, and the Internet

Bulman, George - 2015

use in schools, and ii) home use by students. Theoretically, ICT investment and CAI use by schools and the use of …

Persistent link: https://www.econbiz.de/10013011649

Returns to On-the-Job Search and the Dispersion of Wages

Gottfries, Axel - 2017

A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last...

Persistent link: https://www.econbiz.de/10012956895

Economic Returns to Speaking the Right Language(s)? Evidence from Kazakhstan's Shift in State Language and Language of Instruction

Aldashev, Alisher - 2014

This paper investigates the economic returns to language skills and bilingualism. The analysis is staged in Kazakhstan, a multi-ethnic country with complex ethnic settlement patterns that has switched its official state language from Russian to Kazakh. Using two newly assembled data sets, we...

Persistent link: https://www.econbiz.de/10013040494

Student Awareness of Costs and Benefits of Educational Decisions : Effects of an Information Campaign and Media Exposure

McGuigan, Martin - 2014

in higher education. We investigate students' knowledge and their receptiveness to information campaigns about the costs … financial barriers to university participation, especially for students from disadvantaged backgrounds …

Persistent link: https://www.econbiz.de/10013043598