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When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...
Persistent link: https://www.econbiz.de/10013122960
This paper provides a systematic analysis of the way shifts in property utilization rights in China induced another sequence of institutional changes that led to the rise of rural-urban labor migration from 1980 to 1984, a critical period in the country's market transition. I show that the...
Persistent link: https://www.econbiz.de/10013106945
Electricity consumption will comprise an increasing share of global energy demand during the next two decades. In recent years, the increasing prices of fossil fuels and concerns about the environmental consequences of greenhouse gas emissions have renewed the interest in the development of...
Persistent link: https://www.econbiz.de/10013054588
The increased concerns about climate change have made renewable energy sources an important topic of research. Several scholars have applied different methodologies to examine the relationships between energy consumption and economic growth of individual and groups of countries and to analyze...
Persistent link: https://www.econbiz.de/10013034084
A meta-analysis is used to study the average wage effects of on-the-job training. This study shows that the average reported wage effect of on-the-job training, corrected for publication bias, is 2.6 per cent per course. The analyses reveal a substantial heterogeneity between training courses,...
Persistent link: https://www.econbiz.de/10013118540
Is there a reward for basic skills in the German labor market? To answer this question, we examine the relationship between literacy, numeracy and monthly gross earnings of full-time employed workers. We use data from the ALWA survey, augmented by test scores on basic cognitive skills as well as...
Persistent link: https://www.econbiz.de/10013099679
have advocated increasing the time that elementary school children spend in physical education (PE) classes. However …
Persistent link: https://www.econbiz.de/10013099766
We present new evidence on the causal impact of education on crime, by considering a large expansion of the UK post …-compulsory education system that occurred in the late 1980s and early 1990s. The education expansion raised education levels across the … whole education distribution and, in particular for our analysis, at the bottom end enabling us to develop an instrumental …
Persistent link: https://www.econbiz.de/10013105420
accordance with our hypotheses regarding the effect of both age and education on the gains to promotion. However, the statistical …
Persistent link: https://www.econbiz.de/10013108233
highly educated students for their labour force, they face the additional cost of providing the education. In much of … countries benefit from educating international students. We derive conditions under which international education has a positive … extra growth of 0.049 percentage points. The benefits from international education increase when a country tunes its …
Persistent link: https://www.econbiz.de/10013082754