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profitability of crime relative to education. These assumptions allow us to study the effect of social interactions on crime. We … and show that policies that decrease the cost of education for talented students may increase the vulnerability of less …
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Credit constraints are central to development economics theory. However, there is scant direct evidence that supports the existence of such constraints. Traditional tests observe how consumption changes after an unexpected income shock. Such changes can also result from myopic behavior or...
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also provides a novel microfoundation for peer effects, with empirical implications for welfare and different education …
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education but the other one does not. Because of the high degree of assortative matching according to education on the marriage …
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, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … importance of the two chapters (7 and 13) for each of our two education groups that differ in both preferences and wage profiles …
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Canonical human capital theories posit that education, by enhancing worker skills, reduces the likelihood that a worker … education records from 1987 through 2002 to nationally representative surveys conducted before and after the onset of COVID-19 … in Barbados to explore the causal impact of improved education on job loss during this period. Using a regression …
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