Focusing on capital flight of the worst kind for developing countries-stolen public assets-we develop a model which shows that both the threat of losing elective office and its complement, the threat of delayed detection, do not affect the choice of whether to plunder or not. Rather they...

This paper investigates trends in intergenerational transmission of education among black South Africans – changes in correlation between parents' and children's education. Using data for 1954-1993 birth cohorts, we find a decrease in intergenerational transmission of education over the last...