Showing 1 - 10 of 610
steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …
Persistent link: https://www.econbiz.de/10005662008
When entering retirement most people face the decision whether they would like their defined contribution account balance paid as a lump sum or to annuitize the amount. The fact that people tend to choose the lump sum even if economic reasons suggest not to is called the annuity puzzle. In a...
Persistent link: https://www.econbiz.de/10011165648
reconciles financial, fiscal and macroeconomic stability with growth by increasing the supply of long-term risk-bearing and …
Persistent link: https://www.econbiz.de/10011252616
We investigate the historical determinants of the education gender gap in Italy in the late nineteenth century … of transmission was the larger provision of education for girls in commercial centers. …
Persistent link: https://www.econbiz.de/10011083417
We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the …, we find that over the 1861-1901 period family structure is a driver of the education gender gap, with a higher female to …
Persistent link: https://www.econbiz.de/10011083675
The impact of school resources on the quality of education in developing countries may depend crucially on whether … program in Senegal, which decentralized a portion of the country’s education budget. We find large positive effects on test …
Persistent link: https://www.econbiz.de/10011249370
We build an occupational-choice general-equilibrium model of an economy with the non-profit sector financed through private warm-glow donations. Lack of monitoring on the use of funds implies that an increase of funds of the non-profit sector (because of a higher income in the for-profit sector,...
Persistent link: https://www.econbiz.de/10011084421
minimum altruism, in which child labor in a given family is judged relative to a specific social standard. Under this … criterion, child labor is exploitative only in families where the parent (or guardian) displays insufficient altruism towards …
Persistent link: https://www.econbiz.de/10011084615
distinct and economically relevant component of individual preferences alongside selfishness and altruism. This recognition is … power of trust as a determinant of those decisions, suggesting that altruism may explain much of what ‘looks like’ trust … protocols and framing. Therefore, we propose discriminatory tests for altruism and trust that can be based on within …
Persistent link: https://www.econbiz.de/10005788946
emerges with nontrivial voting costs and modest altruism. The model can explain higher turnout in close elections as well as …
Persistent link: https://www.econbiz.de/10005791465