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We develop a model of child labour where poverty and inequality combine to determine policy response to child labour. If there are strategic complementarities between parents' decisions to educate their children and firms' technology choice, multiple school-enrolment equilibria arise. Only rich...
Persistent link: https://www.econbiz.de/10005770269
In this paper we gauge consumption and portfolio shares, rather than the traditional pricing implications. We study both aggregated (financial, tangible, and human) and disaggregated (deposits, stocks, insurance, and pensions) assets. The empirical shares are computed from recent aggregate...
Persistent link: https://www.econbiz.de/10005770624