Agriculture sector being an important and fundamental sector of the economy is the way of life for more than half of the Pakistan’s population. Its major sector is livestock sector. Livestock sector is the source of income and a safety against the crop failures or drought. Most of the rural...

Recent studies find that cash remains a dominant payment choice for small-value transactions despite the prevalence of alternative means of payment such as debit and credit cards. For policy makers an important question is whether consumers truly prefer using cash or merchants restrict card...

Recent studies find that cash remains a dominant payment choice for small-value transactions despite the prevalence of alternative methods of payment such as debit and credit cards. For policy makers an important question is whether consumers truly prefer using cash or merchants restrict card...

This paper investigates the U.S. housing price dynamics from the perspective of speculative trading, in addition to the macro-finance factors such as the stock market, household disposable income and nominal interest rate. It is found that among the speculative investors, fundamental traders...

This study examined the long run relationship between the personal savings rate and the index of consumer sentiment in the United States over the 1959-1997 period using cointegration analysis. We find that consumer sentiment and the personal savings rate share a long run equilibrium. The results...

Korean Abstract: 본 연구는 성별 교육 기회의 불평등의 원인을 탐구하고 지속가능한 경제성장의 관점에서 성별 교육불평등이 갖는 기회비용을 실증적으로 추정하고자 한다. 먼저 Barro and Lee Educational Attainment Data를 근거로 성별...

This article provides new evidence on various factors that affect residential energy consumption in France. We model the consumption of residential energy in dwellings and apply a bottom-up statistical approach. Our quantile regression model uses an innovative variable selection method via the...

The link between household poverty and child labor is much stronger in Pakistan than in Peru. Providing good schools in South Asia could help reduce child labor. The link between child labor and adult labor markets varies with gender. Using data from Peruvian and Pakistani household surveys, Ray...

In this paper we present a non-altruistic model of demand for children in the presence of uncertainty about children's survival. Children are seen as assets, as they provide help during old age. Theoretical predictions relating to the change in the mean and variance of the survival rate are...

We present a model of household saving toward a mortgage loan under an exogenous down payment requirement and preference for owning over renting. Our model explains a set of empirical observations such as the dual effect in the form of some households, in response to higher down payments,...