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, technological growth, the time-preference discount rate, the relative risk aversion, the production function, and the degree of …
Persistent link: https://www.econbiz.de/10011326408
This paper formulates a simple skill and education model to explain how better access to higher education leads to stronger assortative mating on skills of parents and more polarized skill and earnings distributions of children. Swedish data show that in the second half of the 20th century more...
Persistent link: https://www.econbiz.de/10013472300
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Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10011334363
help rural households to pool risk. In this paper I investigate two functions of transfers in Ethiopia: risk pooling and … income redistribution. Unlike most of the literature this paper investigates not only whether but also how much risk pooling … households. However, the contributions of transfers to risk pooling and income redistribution are economically very limited. …
Persistent link: https://www.econbiz.de/10011350358
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This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill … not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill … childhood is hard-as available evidence suggests-uninsurable income risk can negatively impact the labor market prospects of …
Persistent link: https://www.econbiz.de/10014457814
Persistent link: https://www.econbiz.de/10010191294
One of the basic assumptions of the classical dynamic lot-sizing model is that theaggregate demand of a given period must be satisfied in that period. Under thisassumption, if backlogging is not allowed then the demand of a given period cannotbe delivered earlier or later than the period. If...
Persistent link: https://www.econbiz.de/10011302613