Showing 1 - 10 of 235
This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘limited’ by the financial status of the parent. [CDE WP 101].
Persistent link: https://www.econbiz.de/10005341789
Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. Health human capital is introduced into a two-period overlapping generations model....
Persistent link: https://www.econbiz.de/10008543124
people with the highest ability are cloned, while people at the bottom of the distribution of income specialize in surrogacy … workers have a top ability if fertility is uncorrelated with ability and if the distribution of ability among sexually …, rather than abilities, is preserved by sexual reproduction, then cloning eliminates ability-reducing genes but does not …
Persistent link: https://www.econbiz.de/10008532010
Once the reach of education remains circumscribed only by its functional role in the formation of human capital, which …
Persistent link: https://www.econbiz.de/10009319311
In this paper the issue of high dropout rates in India is examined which has adverse implications for human capital formation, and hence for the country’s long term growth potential. Using the 2004-05 National Sample Survey employment-unemployment survey data, transition probabilities of...
Persistent link: https://www.econbiz.de/10009493973
Adolescent fertility in low- and middle-income countries presents a severe impediment to development and can lead to school dropout, lost productivity, and the intergenerational transmission of poverty. However, there is debate about whether adolescent pregnancy is a problem in and of itself or...
Persistent link: https://www.econbiz.de/10010548435
This paper presents the results of fieldwork on rural primary schools of two districts of Madhya Pradesh, India, conducted from December 2001 to March 2002. Since the mid-1990’s, the government of this state has initiated reforms in the public primary school sector, by decentralising its...
Persistent link: https://www.econbiz.de/10009250442
Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is...
Persistent link: https://www.econbiz.de/10008512470
The emergence of a large and dynamic middle class raises Asia’s profile as an attractive market destination for products ranging from consumer goods to financial services. There are even hopes that the Asian consumer will replace the US as “world consumer of last resortâ€,...
Persistent link: https://www.econbiz.de/10008543122
The role of education in economic development has been recognised for quite some time in mainstream economic literature …. Divergence between the private and social rate of return from education is the rationale for intervention by the state in … public expenditure on education. The outcome of these lines of research also has implications for the financing of education …
Persistent link: https://www.econbiz.de/10005487761