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, expenditure on education and training are recorded as human capital formation. This includes not only the expenditure on primary …, secondary and tertiary education, but also expenditure on training and courses by employers and the earnings foregone by … part of final consumption expenditure. The satellite shows more comprehensively than OECD Education at a Glance who pays …
Persistent link: https://www.econbiz.de/10009353823
Many empirical works suggest that education has a positive effect on earnings not only because it raises human capital … role could have important consequences on the dynamics of education, wages, and wage distribution when there exist … intergenerational linkages in educational decisions. This paper examines the dynamic effects in an economy where education has the dual …
Persistent link: https://www.econbiz.de/10005105898
The relationship between education and economic growth has been one of the fundamental themes of economic analysis …. Despite the growing interest in the relationship between growth and education, and despite the strong theoretical foundations … for a key role of education/human capital in economic growth, the empirical evidences, particularly those using causality …
Persistent link: https://www.econbiz.de/10011108298
workforce. The education system churns out students that are not immediately employable and skill up-gradation on the job is low … outcomes are not favoring the expectations of the labor force. While 56 percent of the higher education institutes are devoted … percent, seven percent and six percent of total institutes respectively. The dominance of general education has prevented the …
Persistent link: https://www.econbiz.de/10011111520
This paper formulates a simple mathematical framework for the selection of an optimum "relative unanimity” collective decision rule. The approach is first to identify the benefits of moving from a rule of simple majority towards a rule of full unanimity. Then, the costs of moving from simple...
Persistent link: https://www.econbiz.de/10011260983
this I build a model of strategic voting with incomplete information and analyze different ideological profiles of the …
Persistent link: https://www.econbiz.de/10008614988
political (voting) process they effectively exert pressures to raise welfare levels per recipient on the other hand. …
Persistent link: https://www.econbiz.de/10011110525
In their seminal work, The Calculus of Consent (1962), Buchanan and Tullock develop a decision model which embodies fundamental relation­ships relevant to institutional choices. However, the Buchanan-Tullock model remains "general," thus inviting others to specify details and to develop...
Persistent link: https://www.econbiz.de/10011257880
In the last century, state pension systems have been introduced in most countries, and since then their size has been significantly increasing. A broad literature has studied this phenomenon, developing models that explain why pension systems exist and have been continuously expanding. At the...
Persistent link: https://www.econbiz.de/10005622100
This paper investigates the impact of language on economic performance. I use the 1956 reorganization of Indian states on linguistic lines as a natural experiment to estimate the impact of speaking the majority language on educational and occupational outcomes. I find that districts that spoke...
Persistent link: https://www.econbiz.de/10009360261