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This is the graduation speech I gave on receiving an honorary doctorate at the University of Athens Economics and Business School. I talk about my Greek family, about how I got interested in economics, and then how in the 1990s I came to think about default, collateral, and leverage as the...
Persistent link: https://www.econbiz.de/10009368555
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
Persistent link: https://www.econbiz.de/10011207840
Nations generally measure their economic performance using the yardstick of national output and income. It is not … widely recognized, however, that conventional measures of national income and output exclude the value of improvements in the … of the measurement of national income, examines some of the shortcomings of traditional concepts, and proposes a new …
Persistent link: https://www.econbiz.de/10005087364