In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

Being the signatory of UNCRC (1992), India globally recognized the significance of child rights. The Constitutions of India also guarantees certain child rights covering basic issues, like ‘health’, ‘education’ and protection from ‘hazardous employment’ and ‘exploitation’....

In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

Education plays an important role in the economic and social development of countries. Myriad studies show that education is one of the best ways to offer increased socioeconomic opportunities, social mobility and wages. Not only is universal education important but more significant is the...

This paper estimates the impact of the extension of compulsory schooling in Turkey from 5 to 8 years—which increased the 8th grade completion rate for women by 30 percentage points—on marriage and birth outcomes of teenage women in Turkey. We find that increased compulsory schooling years...

Education is the basic requirement and the ‘Fundamental Right’ of the citizens of a nation. Elementary Education system also serves as the base over which the super-structure of the whole knowledge system is built up. This calls for bringing all children under coverage of Elementary...

India is a witness of regional disparities in many sphere of socio- economic development. On one side, world’s majority of new billionaires are in India and on the another side, India has majority of poor people. Like that, in development, the States like Kerala, Tamil Nadu, Punjab, and Gujrat...

This paper uses recent household survey data for Cameroon to measure the cost for households of the education services that their children receive and assess how this cost varies according to the type of service provider. Contrary to what has been observed in some other countries, the data...

Education is the basic requirement and the ‘Fundamental Right' of the citizens of a nation. While Higher Education is important, the Elementary Education system serves as the base over which the Super-structure of the whole education system is built up. This paper tries to analyse the trends,...

Throughout the world ensuring formal education to all children has been an area of lively debate for about a decade with many different viewpoints on the issue. Sadly, Universalisation of Elementary Education is still a distant prospect in substantial parts of the globe, including India. Under...