Background The employability of graduates has become a central topic in higher education policy and research. However, the construct still needs to be clarified. Objectives The objective of this paper is to demonstrate the applicability of an operational employability model in analysing the...

We propose a unified economic model of sexual exchanges that treats both unpaid and paid sex as outcomes of individual time allocation decisions. Departing from existing literature that separates sex into marital relations or specialized markets, the model incorporates relational skills, gender...

Exploiting cross-birth cohort and cross-country variation from a pool of 188 household surveys from 111 countries, this paper measures how life expectancy at birth affects lifetime education and earnings. On average, individuals add one year of schooling for every 8.3 years of increased life...

Evidence suggests that smokers' responsiveness to cessation medication depends on genotypes. Whether personalized treatment based on genotypes is cost effec- tive compared to standard treatments, however, has been unexplored. We thus construct a lifecycle model with endogenous health evolution...

Increasing adult mortality due to HIV/AIDS in Sub-Saharan Africa raises considerable concerns about the welfare of surviving children. Studies have found substantial variability across countries in the negative impacts of orphanhood on child health and education. One hypothesis for this...

We estimate how exogenous worker exits affect firms' demand for incumbent workers and new hires. Drawing on administrative data from Germany, we analyze 34,000 unexpected worker deaths, which, on average, raise the remaining workers' wages and retention probabilities. The average effect masks...

This study examines the health capacity to work among older persons in Japan-that is, how much longer older persons can work based on their health status using nationwide population-based surveys. We first examine how much older persons could work if they worked as much as those with the same...

Publicly funded pension systems are facing the challenge of remaining financially sustainable without lowering pensions. Raising the statutory retirement age gradually in line with the increase in life expectancy has been a key measure to solve the problem. The implicit assumption is that the...

Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importance of these two mechanisms in Asian development...