Where an economy cannot meet its external debt service obligations, it is forced to appeal to creditors for rescheduling of the debt. As such, rescheduling is evidence of a country's incapacity to carry a debt burden. This article explores factors that explain the probability of a country...

This paper looks at the connection between internal migration and unemployment in South Africa. We examine whether rural-urban migrants are more likely to be unemployed, in informal sector employment or underemployed than non-migrants. We build on standard economic theory to predict that rates...

In this paper we examine the demand for education among rural Black households in South Africa using nationally representative data from the 1990s. In particular our study focuses on factors affecting schooling decisions at the household level. Our estimation results reveal strong evidence of a...

This paper considers the role of language in employment outcomes and labour earnings in South Africa over the period 1996--8. Our pooled cross-section comprises more than 160,000 working-age adults, and the analysis considers the decision to participate in the labour force, employment outcomes...

This paper considers the role of language in employment outcomes and labour earnings in South Africa over the period 1996-8. Our pooled cross-section comprises more than 160,000 working-age adults, and the analysis considers the decision to participate in the labour force, employment outcomes...

This study proposes a new approach to the estimation of daily volatility in financial markets. To do this we evaluate a number of traditional estimators of daily volatility based upon intra-day data and propose a new estimator of daily volatility based upon intra-day data which is both unbiased...