This paper investigates human capital and socio-economic factors in order to find out the personal earnings of workers in Sargodha District. The Multiple Indicator Cluster Survey data 2007-08 of Punjab has been used. Education and age are used as variables for human capital whereas, gender, age,...

This paper has estimated multidimensional poverty for four provinces of Pakistan using PSLM dataset for years 2005-06 by applying Alkire and Foster (2007) methodology. Nine dimensions were selected for this study: Housing, Electricity, Water, Asset, Sanitation, Education, Expenditure,...

Since the seminal work of Sen, it has been acknowledged that poverty is a multidimensional phenomenon and the unprecedented availability of relevant data has renewed interest in the multidimensionality of the poverty. The purpose of present study is to estimate the multidimensional poverty in...

The purpose of this study is to examine the validity of the CAPM in the capital markets of the Pakistan. The study used daily stock returns of the top 20 companies listed on the KSE (the main equity market in Pakistan) from 16th December 2008 to 26th February 2010. The market 100 index is used...

Evidently Tuberculosis remains a major threat to public health globally. Latterly academia with exertion dedication has tried to extract the health related quality of life of the people with active tuberculosis. Meager studies in Pakistan have tried to explore the factors that influences...

The positive relationship between human capital and income/wages has been supported by empirical research. Millennium Development Goals (MDGs) and the Poverty Reduction Strategy Paper (PRSP) enormously emphasize on human capital for curbing poverty. The economic development in East Asian...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we...