We consider a model of international migration with heterogeneity in the skill level of workers which accounts for country-specific educational investment, unemployment expectations and return to the origin country. We prove that migrants invest less than natives in human capital formation...

In this paper we explore the effects of corruption on financial sector performance for a sample of 38 developed and developing economies for the period 1995-2005. Using system-GMM technique our results demonstrate that corruption undermines the efficacy of a developed financial sector....

In this paper, we present a model of tax evasion in the presence of imperfect auditing. We show that there is a clear link between the degree of observability associated with respect to fiscal agency. We also show that the degree of observability is critical in determining the optimal regulation...

We consider a model of international migration with heterogeneity in the skill level of workers which accounts for country-specific educational investment, unemployment expectations and return to the origin country. We prove that migrants invest less than natives in human capital formation...

In this paper we explore the effects of corruption on financial sector performance for a sample of 38 developed and developing economies for the period 1995-2005. Using system-GMM technique our results demonstrate that corruption undermines the efficacy of a developed financial sector....