In this paper, survey data are used to document the presence of gender gaps in self-employment, employership, and labor force participation in seven Balkan countries and Turkey. The paper examines the quantitative effects of the gender gaps on aggregate productivity and income per capita in...

Rather than completing all schooling consecutively before entering the labor force, people often delay college start and engage in labor market activities between periods of college enrollment. To examine the welfare consequence of such intermittent college, I incorporate a flexible age-by-age...

We show in the world trade data that countries with more progressive personal income tax system are less likely to have comparative advantage in industris that employ a greater share of high-income occupations, such as high tech and professional service sectors. Moreover, when countries increase...

We show in the world trade data that countries with more progressive personal income tax system are less likely to have comparative advantage in industries that employ a greater share of high-income occupations, such as high-tech industries and professional services. Moreover, when countries...

Many government policies affect incentives to acquire human capital. Two workhorse models dominate the literature analyzing these policies: Learning by Doing (LBD) and Ben-Porath (BP). This paper makes two novel findings related to these models. First, LBD and BP generate different predictions...

This paper studies the aggregate effects of the existing differences between male and female-run firms in Latin America and the Caribbean (LAC). Using data from the World Bank Enterprise Survey and the International Labor Organization (ILO), we show that only about one-fourth of the total firms...

We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...

We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...

This paper asks how and why the transition rates for males between non-employment, paid employment, own-account self-employment, and self-employment with paid help changed in Canada between the 1990s and the 2000s. It is found that the self-employed were much less likely to move back into paid...