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Keeping it simple: financial literacy and rules of thumb
Drexler, Alejandro; Fischer, Gregory; Schoar, Antoinette - London School of Economics (LSE) - 2010
Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...
Persistent link: https://www.econbiz.de/10010884647
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Educational returns, ability composition and cohort effects: theory and evidence for cohorts of early-career UK graduates
Ireland, Norman; Naylor, Robin A.; Smith, Jeremy; … - London School of Economics (LSE) - 2009
An increase over time in the proportion of young people obtaining a degree is likely to impact on the relative ability compositions (i) of graduates and non-graduates and (ii) across graduates with different classes of degree award. In a signalling framework, we examine the implications of this...
Persistent link: https://www.econbiz.de/10010745232
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The effect of parental wealth on children’s outcomes in early adulthood
Karagiannaki, Eleni - London School of Economics (LSE) - 2012
parental education and income and in many cases are stronger than them. For labour market outcomes a small share of the …
Persistent link: https://www.econbiz.de/10010746617
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Social networks and technology adoption in Northern Mozambique
Bandiera, Oriana; Rasul, Imran - London School of Economics (LSE) - 2002
Despite their potentially strong impact on poverty, agricultural innovations are often adopted slowly. Using a unique household dataset on sunflower adoption in Mozambique, we analyse whether and how individual adoption decisions depend upon the choices of others in the same social networks....
Persistent link: https://www.econbiz.de/10010884493
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The political economy of government responsiveness: theory and evidence from India
Besley, Timothy; Burgess, Robin - London School of Economics (LSE) - 2000
The determinants of government responsiveness to its citizens is a key issue in political economy. Here we develop a model based on the solution of political agency problems. Having a more informed an politically active electorate strengthens incentives for governments to be responsive. This...
Persistent link: https://www.econbiz.de/10010928605
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Read my lips : the political economy of information transmission
Besley, Timothy; Pande, Rohini - London School of Economics (LSE) - 1998
The paper studies credible information transmission by governments. A group of heterogenous individuals have to make private investment and labour supply decisions while relying on the government for information about investment returns. The government consists of an elected citizen who chooses...
Persistent link: https://www.econbiz.de/10010928656
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Technological diversification
Koren, Miklos; Tenreyro, Silvana - London School of Economics (LSE) - 2007
Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological diversification. Production makes use of different input varieties,...
Persistent link: https://www.econbiz.de/10010928680
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Land distribution, incentives and the choice of production techniques in Nicaragua
Bandiera, Oriana - London School of Economics (LSE) - 2002
Does the distribution of land rights affect the choice of contractible techniques? I present evidence suggesting that Nicaraguan farmers are more likely to grow effort-intensive crops on owned rather than on rented plots. I consider two theoretical arguments that illustrate why property rights...
Persistent link: https://www.econbiz.de/10010928686
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The rise of mass consumption societies
Matsuyama, Kiminori - London School of Economics (LSE) - 2000
productivity gains and expanding markets, income distribution should be neither too equal nor too unequal. Some income inequality …
Persistent link: https://www.econbiz.de/10010928752
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Prediction and determination of household permanent income
Abul Naga, Ramses H.; Burgess, Robin - London School of Economics (LSE) - 1997
This paper is about the determination and prediction of permanent income in household data. Standard static welfare … indicators (e.g. per capita expenditure and income) are imperfect in this respect as they typically contain a high transitory … component. The framework we employ is consistent with the permanent income hypothesis but is supplemented with a causes equation …
Persistent link: https://www.econbiz.de/10010928753