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Never the same after the first time: The satisfaction of the second-generation self-employed

Clark, Andrew E.; Colombier, Nathalie; Masclet, David - HAL - 2008

-employed (those whose parents were not self-employed) are more satisfied overall than are the second-generation self-employed. We … their parents, as well as parental transfers which loosen the self-employment participation constraint. This result is found …

Persistent link: https://www.econbiz.de/10010739085

Efficiency and Acceptability of Climate Policies: Race Against the Lock-ins

Rozenberg, Julie; Vogt-Schilb, Adrien; Stéphane, Hallegatte - HAL - 2013

income drop. Capital-based policies avoid these obstacles, but can reach a given climate target only if implemented early …

Persistent link: https://www.econbiz.de/10010721440

The Worst-Case Scenario and Discounting the Very Long Term

Fall, El Hadji - HAL - 2006

We propose an ethical viewpoint based on the possibility of the realization of the worst-case scenario in order to reduce future generations risks in terms of discounting. Applied to the question of conservation of a renewable resource, we show that an economy, where the social planner takes...

Persistent link: https://www.econbiz.de/10010750368

Double Dividend with Involuntary Unemployment: Efficiency and Intergenerational Equity

Chiroleu-Assouline, Mireille; Fodha, Mouez - HAL - 2005

This paper analyzes the double dividend and distributional issues within an overlapping generations models framework with involuntary unemployment. We characterize the necessary conditions for the obtention of a double dividend when the revenue of the environmental tax is recycled by a variation...

Persistent link: https://www.econbiz.de/10010750747

A non-dictatorial criterion for optimal growth models

Kama, Alain Ayong Le; Van, Cuong Le; Schubert, Katheline - HAL - 2008

There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one is to consider the set of intertemporal utility streams generated by a general set of bounded consumptions and define a preference relation between them. This relation is...

Persistent link: https://www.econbiz.de/10010750750

Climate policies deserve a negative discount rate

Fleurbaey, Marc; Zuber, Stéphane - HAL - 2012

We defend a methodology of discounting, for the evaluation of the long-term effects of climate policies, which relies on a social welfare objective, against the view that the market rate of return should be used for that purpose. We also show that in the long run, the discount rate for such...

Persistent link: https://www.econbiz.de/10010821415

Benefits to elite schools and the formation of expected returns to education: Evidence from Mexico City

Estrada, Ricardo; Gignoux, Jérémie - HAL - 2014

We study the effects of admission into elite public high schools in Mexico City on students' expected earnings, arguing …-based allocation of students into schools and an adapted regression discontinuity design strategy, we find that admission substantially … increases learning achievement, and also the future earnings and returns students expect from a college education, but no effect …

Persistent link: https://www.econbiz.de/10010750995

The Return to Schooling in Structural Dynamic Models: A Survey

Belzil, Christian - HAL - 2006

This papers contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...

Persistent link: https://www.econbiz.de/10008792063

Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jörgen - HAL - 2004

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...

Persistent link: https://www.econbiz.de/10008792277

Testing the Specification of the Mincer Wage Equation

Belzil, Christian - HAL - 2006

Using panel data taken from the NLSY, I perform the joint estimation of i) a reduced-form dynamic model of the transition from one grade level to the next with observed and unobserved heterogeneity, and ii) a flexible version of the celebrated Mincerian wage equation with skill heterogeneity,...

Persistent link: https://www.econbiz.de/10008793057