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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
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
We provide a novel test for the impact of wealth-destroying natural disasters on college decisions using Hurricane Harvey (Aug-Sep 2017). First, we compare enrollment and graduation outcomes at Texas public universities and colleges according to their student share from disaster-affected...
Persistent link: https://www.econbiz.de/10012835070
Recent technological developments have enabled a wide array of new applications in financial markets, e.g. big data, cloud computing, artificial intelligence, blockchain, cryptocurrencies, peer-to-peer lending, crowdfunding, and robo-advising, inter alia. While traditionally comprising of...
Persistent link: https://www.econbiz.de/10012900027
The purpose of this research is to determine the relationship among education, education finance and economic growth on the basis of secondary education. In the research, the number of students enrolled in secondary education is the indicator of education, net government education expenditures...
Persistent link: https://www.econbiz.de/10013239765
A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...
Persistent link: https://www.econbiz.de/10013033194
Legal education is in a state of crisis and overabundance simultaneously which ought to be impossible. The paper shows how legal education is globalizing in a similar way to law firms with the main contest being between US and UK style legal educations. At present the US style is becoming the...
Persistent link: https://www.econbiz.de/10013034134