This paper investigates different theoretical models of incentives for teachers in education. It highlights key characteristics likely to render incentives successful in encouraging productive behaviour, provides evidence of where these systems have been successfully and unsuccessfully...

This paper makes use of hierarchical linear modelling to investigate which teacher characteristics impact significantly on student performance. Using data from the SACMEQIII study of 2007, an interesting and potentially important finding is that younger teachers are better able to improve the...

The derivation of a subjective value of time (SVT) requires finding the marginal rate of substitution between travel time and cost in a travel choice model. In the typical case of models with linear-in-parameters utility functions, the SVT is equal to the ratio between the parameters of travel...

This paper studies the effectiveness of countercyclical capital requirements and contingent convertible capital (CoCos) in limiting financial instability, and its associated influence on the real economy. To do this, I augment both features into a standard real business cycle framework with an...

This paper sets out to date-stamp periods of historic oil price explosivity (or bubbles) using the Generalized sup ADF (GSADF) test procedure suggested by Phillips et al. (2013). The date-stamping strategy used in this paper is effective at identifying periodically collapsing bubbles; a feature...

Primary school mathematics teachers should, at the most basic level, have mastery of the content knowledge that they are required to teach. In this paper we test empirically whether this is the case by analyzing the South African SACMEQ 2007 mathematics teacher test data which tested 401 grade 6...

This paper analyses the economic viability of slavery in the Cape Colony of southern Africa. It has been extensively documented that the affluence of elites was built on the importation of slaves. However, the Dutch East India Company or Verengide Oost-indische Companje (VOC), which...

• Youth unemployment in South Africa is high, differs substantially by race group and is increasing. In 2012, close to two-thirds of young Africans were broadly unemployed. Over the four years prior to this the unemployment rate had increased by almost ten percentage points. • A wage subsidy...

Innovation is the transformation of a new idea or scientific discovery into technology through introducing, applying, and integrating it in common practice. The outcome is that people can progressively do more with the same effort, produce different outcomes with the same artefacts and produce...