This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no-arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...

The present paper analyzes the relationship between the criminal offences, the function of the justice system and some of their socio-economic determinants in the case of Greece by estimating their dynamic interactions. The analysis covers the period 1971-2006 and the cointegration methodologies...

This paper provides evidence on the degree and patterns of intergenerational income and educational mobility in urban Chile. We find intergenerational income elasticities for Greater Santiago in Chile in the range of 0.52 to 0.54. This is lower than recent nation-wide elasticities for Chile of...

At the private university we analyze, the gap between white and black grade point averages falls by half between the students’ freshmen and senior year. This outcome could suggest that affirmative action policies are playing a key role to reduce racial differences. However, this convergence...

Higher educational institution (HEI) is a one of an organisation in a service industry field. It likes any other organisations are realising that the mission of the university is to provide a high quality environment that meets the requirements of users in an efficient and effectively. Basically...

This study addresses the phenomenon of permanence for long years of low performance (urban) schools, measured by SIMCE. We also analyze mobility of students to other schools of same or better quality. The results show that student ?s mobility rates in these schools is almost 11%. Almost 30% of...

Investitionen in Bildung sind für die Wettbewerbsfähigkeit der deutschen Volkswirtschaft von großer Bedeutung. Vor allem frühkindliche Bildungsangebote versprechen eine hohe Rendite - weil Kinder davon noch Jahre später profitieren können und sich beim Lernen neuer Fähigkeiten leichter...

Der Anteil von Grundschulkindern, die ganztägig zur Schule gehen, ist in den letzten Jahren stark gestiegen. Maßgeblich dazu beigetragen hat das Investitionsprogramm "Zukunft Bildung und Betreuung" (IZBB), mit dem der Bund die Länder seit 2003 beim Ausbau der Ganztagsschule unterstützt. Doch...

The quality dimension of immigrant human capital has received little attention in the economic assimilation literature. The objective of this paper is to demonstrate how human capital acquired in different source countries may be adjusted according to its quality in the Canadian labor market....

This paper examines the functional relationships between income inequality, economic factors, institutions, and Kuznets' inverted-U hypothesis. A model that incorporates interactive as well as direct effects of several factors to capture their combined effect on inequality is developed. The...