This study proposes a model to estimate the demand for higher education. The present model is characterized by an ability-based distribution of high school graduates who choose between entering the labor market and beginning post-secondary schooling. In addition to estimating the demand for...

This study simulates different income growth and income distribution scenarios in Taiwan in 2001, and examines how social happiness and people's happiness at different income levels change. Without taking downward comparison into consideration, the simulation supports income redistribution in...