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In a real economy, decisions on investments in child human capital of children are made by families rather than by atomistic parents as is typically assumed in the literature. This paper incorporates family formation into an otherwise standard dynastic framework with human capital accumulation....
Persistent link: https://www.econbiz.de/10013246176
This research compares the patterns of intergenerational income mobility between fathers and sons in Germany, Italy … of 0.317 on the main sample), followed by Germany (0.437), Italy (0.463) and the United States (0.489). In Italy and … provide strong evidence in favour of a non-constant elasticity along the son's income distribution, except for Italy. The …
Persistent link: https://www.econbiz.de/10014134758
Student loans schemes are in operation in more than seventy countries around the world. Most loans schemes benefit from sizeable built-in government subsidies and, in addition, are subject to repayment default and administrative costs that are not passed on to student borrowers. We probe two...
Persistent link: https://www.econbiz.de/10010268916
This paper empirically analyzes the impact of aid on education for about 100 countries over the period 1970-2005. We estimate a system of equations to test whether and to what extent the impact of sector-specific aid on educational attainment depends on (i) the extent to which aid adds to...
Persistent link: https://www.econbiz.de/10010272955
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. Targeted early...
Persistent link: https://www.econbiz.de/10010274195
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. We present evidence that...
Persistent link: https://www.econbiz.de/10010274209
Student loans schemes are in operation in more than seventy countries around the world. Most loans schemes benefit from sizeable built-in government subsidies and, in addition, are subject to repayment default and administrative costs that are not passed on to student borrowers. We probe two...
Persistent link: https://www.econbiz.de/10003731575
Financial inclusion is receiving increasing attention for its potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. Although substantial progress has been made, there is still much to achieve. East Asia, the Pacific, and...
Persistent link: https://www.econbiz.de/10011540468
This paper focuses on risk tolerance which clearly influences financial decision making. We explore the emotional side of a risk taking behaviour, comparing alternative measures of financial risk tolerance resulting from the consilience of various disciplines. We wonder whether we financially...
Persistent link: https://www.econbiz.de/10013135150
This paper discusses the future of universities: trends that are increasingly drawing attention, and those who have yet to appear, without getting into the field of view of the majority of researchers in higher education. Debate on the future of the university is due to the emergence of new...
Persistent link: https://www.econbiz.de/10013015964