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Literacy traps : society-wide education and individual skill premia
Atal, Vidya; Basu, Kaushik; Gray, John; Lee, Travis - 2009
Persistent link: https://www.econbiz.de/10003839303
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Literacy traps : society-wide education and individual skill premia
Atal, Vidya; Basu, Kaushik; Gray, John; Lee, Travis - 2009
Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is...
Persistent link: https://www.econbiz.de/10003862834
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Literacy traps : society-wide education and individual skill premia
Atal, Vidya; Basu, Kaushik; Gray, John; Lee, Travis - 2009
Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is...
Persistent link: https://www.econbiz.de/10003818089
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Literacy traps : society-wide education and individual skill premia
Atal, Vidya; Basu, Kaushik; Gray, John; Lee, Travis - In: International journal of economic theory 6 (2010) 1, pp. 137-148
Persistent link: https://www.econbiz.de/10003947385
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Literacy Traps : Society-Wide Education and Individual Skill Premia
Atal, Vidya - 2009
Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is...
Persistent link: https://www.econbiz.de/10012764476
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Risky income or lumpy investments? : evidence on two theories of under-specialization
Shenoy, Ajay - 2014
one income source is risky. I test the theory by measuring the response of Thai rice farmers to conditional volatility in …
Persistent link: https://www.econbiz.de/10010499836
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Risky Income or Lumpy Investments? Evidence on Two Theories of Under-Specialization
Shenoy, Ajay - 2015
one income source is risky. I test the theory by measuring the response of Thai rice farmers to conditional volatility in …
Persistent link: https://www.econbiz.de/10013035998
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Cyclical occupational choice in a model with rational wage expectations and perfect occupational mobility
Felderer, Bernhard; Drost, André - 2000
In many professional labor markets the number of new workers follows a cyclical time path. This phenomenon is usually explained by means of a cobweb model that is based on the assumptions of myopic wage expectations and occupational immobility. Since both assumptions are questioned by the...
Persistent link: https://www.econbiz.de/10009714282
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The career costs of children
Adda, Jérôme; Dustmann, Christian; Stevens, Katrien - 2011
This paper analyzes the life-cycle career costs associated with child rearing and decomposes their effects into unearned wages (as women drop out of the labor market), loss of human capital, and selection into more child-friendly occupations. We estimate a dynamic life-cycle model of fertility,...
Persistent link: https://www.econbiz.de/10009523509
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When experienced and decision utility concur : the case of income comparisons Andrew E. Clark; Claudia Senik ; Katsunori Yamada
Clark, Andrew E.; Senik-Leygonie, Claudia; Yamada, Katsunori - 2015
While there is now something of a consensus in the literature on the economics of happiness that income comparisons to … others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income … regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from …
Persistent link: https://www.econbiz.de/10011295515