Showing 1 - 10 of 19
This paper studies the Pareto-optimality of the consensual optimum established in 'Intergenerational anonymity as an alternative to the discounted-sum criterion I: consensual optimality'. For that, a Pareto- optimality criterion is set up by the application of the generalized Karush, Kuhn and...
Persistent link: https://www.econbiz.de/10005556724
The objective of this work is to try to define and calculate the optimal growth path, in the presence of exogenous technical change, without resorting to the discounted-sum criterion. The solution suggested is to consider an optimality criterion expressing an anonymous intergenerational...
Persistent link: https://www.econbiz.de/10005062748
In an environment where children's time has an economic value and employment opportunities for educated workers are … scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We … offer evidence that children's participation in child labor and schooling responds to economic returns to education in India …
Persistent link: https://www.econbiz.de/10005556051
's students were women. A significant part of the return to college quality appears to arise from a greater likelihood of working …
Persistent link: https://www.econbiz.de/10005125045
Using the rich data from the National Longitudinal Survey of Youth, we show that several dimensions of college quality have substantial positive impacts on young men's wages. This finding is robust to a wide array of alternative specifications. Controlling for ability reveals that sorting of...
Persistent link: https://www.econbiz.de/10005125048
This paper examines the channels through which education affects household earnings in environments where wages are unobserved. Utilizing data from rural Peru, the empirical strategy decomposes the earnings returns to education into various wage-dependent and labour supply parameters. Geographic...
Persistent link: https://www.econbiz.de/10005118674
The returns to education remain a central concern for development policy. In developed countries there is evidence that the returns to education have been rising.Evidence for changes over this period for developing countries is limited. In this paper we use data from Kenya and Tanzania to...
Persistent link: https://www.econbiz.de/10005118714
„h Australia¡¦s surge in productivity growth in the 1990s fuelled an acceleration in growth in total income and average … income (income per person in Australia). ¡V Annual average income growth accelerated from 1.4 per cent in the 1970s and 1980s … income growth of the 1990s was distributed evenly between labour (wages and salaries) and capital (profits). The labour and …
Persistent link: https://www.econbiz.de/10005556030
increases in income. This amounts to a rejection of the hypothesis that current income is the only argument in the utility … function. One possible answer is that human development involves more than current income (e.g., as argued by the UN). We find … absolute income, the generosity of the welfare state and (weakly) with life expectancy; it is negatively correlated with the …
Persistent link: https://www.econbiz.de/10005561269
tax- and contribution rules built into tax-benefit models to convert net income information into gross amounts. Using … to produce different net-to-gross ratios for different income components. We undertake a case study to illustrate the … income sources of the same individual. …
Persistent link: https://www.econbiz.de/10005561509