Evidence of the existence of overeducation in the Spanish labour market has drawn the attention of research on the transitory character of overeducation (Alba-Ramirez, 1993 and García and Malo, 1995). Our main interest lies on whether overeducation is a source of inefficiency in the allocation...

The purpose of this paper is to introduce a new way of analyzing the portfolio problem by using a different approach of the Von Neumann & Morgenstern utility theory. In so doing, we consider the Regret Theory as a suitable alternative. Some new results on diversification are then obtained. El...

This paper is an extension of an amplified version of the Regret Theory (Sirvent and Tomás, 1992) applied to dependent valuations of the world state. Here is used in the analysis of the provision of insurance for irreplaceable goods as well as for special flight insurances. These are two cases...

In this paper we model choice under risk by means of a new version of Regret Theory, called here Expanded Utility Theory. We analyze some classical problems in the insurance literature by means of this approach by considering two basic types of attitudes towards success/failure. We show that...

The analysis of the determinants of the individual wage income can be transfered to the total domestic income from the point of view of the human capital. This paper analyzes the effects that a group of variables, relative to sociodemographic and labour attributes, exerts on the total income...

This paper carries out a household classification in the framework of the Social Accounting Matrix. Bearing in mind the enlargeinent proposals of the National Accounts System of the United Nations, a first classification of Spanish households in accordance with certain demographic...

This paper implements the conceptual framework sketched by Pyatt (1990) to construct an extended Social Accounting Matrix for Spain in 1995 (ESAM-95) to consider, in addition to the market economy, the production of services provided by households through unpaid work. In doing so, the ESAM-95...