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...

The strong income distributional effects of international trade and the widening wage differential between skilled and unskilled labour in developed countries have been well documented. Consequently, researchers and some policy-makers have argued that increasing sectoral labour mobility and the...

This paper examines the potential impacts of East-West migration of talents on the innovative capital and hence the long-run growth prospects in Eastern sending countries. Complementing previous studies, we examine the impact of high skill migration not only on the formation of human capital,...

Although exam scores are reported using numerical values, their measurement scale is ordinal: They depend on the difficulty distribution of the questions in the exam. Hence, population groups or countries should not be ranked according to average exam scores because there may exist an admissible...

Although exam scores are reported using numerical values, their measurement scale is ordinal: They depend on the difficulty distribution of the questions in the exam. Hence, population groups or countries should not be ranked according to average exam scores because there may exist an admissible...

Education reforms that allow new educational providers to supply schooling into a state system can improve parental satisfaction and raise learning outcomes through consumer choice. Choice provides children with schooling that matches their interests. A child engaged in school is more likely to...

Although exam scores are reported using numerical values, their measurement scale is ordinal: They depend on the difficulty distribution of the questions in the exam. Hence, population groups or countries should not be ranked according to average exam scores because there may exist an admissible...

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...

This is the tenth in a series of sixteen papers about the U.S extraterritorial tax system.The U.S. extraterritorial tax system violates multiple provisions of international human rights instruments that have been signed, or signed and ratified, by the United States. The rights in question...

The living wage standard has emerged as a norm in global initiatives targeting supply chain labor practices. This is unexpected, because the living wage, if actually paid, could impose substantial new supply chain costs. There is also considerable disagreement on how to calculate a living wage...