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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010308561
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Why the apple doesn't fall far : understanding intergenerational transmission of human capital
Black, Sandra E.; Devereux, Paul J.; Salvanes, Kjell G. - 2003
Parents with higher education levels have children with higher education levels. However, is this because parental … education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely … that more able individuals who have higher education also have more able children? This paper proposes to answer this …
Persistent link: https://www.econbiz.de/10010261633
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Investment in financial literacy, social security and portfolio choice
Jappelli, Tullio; Padula, Mario - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10010326673
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Lost in Transition: The Costs and Consequences of Sectoral Labour Adjustment
Tapp, Stephen - 2007
This paper demonstrates that factors which impede labour market adjustments can have first-order impacts on aggregate output and social welfare. While several studies find that individual workers can face large and persistent sectoral reallocation costs, this paper shows that these costs are...
Persistent link: https://www.econbiz.de/10011940756
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Size-dependent gender gaps in entrepreneurship: The case of Chile
Cuberes, David; Teignier, Marc - In: Latin American Economic Review 31 (2022) 1, pp. 1-19
and that this gap takes its largest value for managers with tertiary education or more. In terms of their number of …
Persistent link: https://www.econbiz.de/10013205149
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The labor market in Ukraine: Rebuild better
Anastasia, Giacomo; Boeri, Tito; Kudlyak, Marianna; … - 2022
remedial education to the pupils having lost years of education, and offering retraining to job losers still far from …
Persistent link: https://www.econbiz.de/10014320014
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Gender gaps in entrepreneurship and their macroeconomic effects in Latin America: Prepared for the Institutions for Development Sector
Cuberes, David; Teignier, Marc - 2017
This paper studies the aggregate effects of the existing differences between male and female-run firms in Latin America and the Caribbean (LAC). Using data from the World Bank Enterprise Survey and the International Labor Organization (ILO), we show that only about one-fourth of the total firms...
Persistent link: https://www.econbiz.de/10011786451
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Incomplete markets and parental investments in children
Abbott, Brant - 2021
The effect of incomplete markets on parental investments is investigated. Uninsured risk and credit constraints can distort the timing of parental investments, causing them to be delayed relative to what would occur under full-insurance. Age-dependent subsidies, taxes or transfers can all...
Persistent link: https://www.econbiz.de/10012431094
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A Theory of Socioeconomic Disparities in Health over the Life Cycle
Galama, Titus J.; van Kippersluis, Hans - 2010
Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...
Persistent link: https://www.econbiz.de/10010325639
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On the complementary between education and training in Europe
Brunello, Giorgio - 2001
This paper is an empirical investigation of the complementarity between education and training in 13 European countries … higher among individuals with more education, I find that the relationship between individual educational attainment and … employment protection and a lower value of the Kaitz index. I also find evidence that individuals with more education and …
Persistent link: https://www.econbiz.de/10011608802