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Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...
Persistent link: https://www.econbiz.de/10012463226
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and … conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities …
Persistent link: https://www.econbiz.de/10010262119
individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the …
Persistent link: https://www.econbiz.de/10010262216
This paper is a preliminary look at the benefits to states in the US of subsidizing college education. The benefits … studies are the external benefits of college education on the earnings of both college graduates and those who have not … graduated from college. In completing a college education individuals earn more. In addition, if there are positive external …
Persistent link: https://www.econbiz.de/10010268729
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …
Persistent link: https://www.econbiz.de/10010268776
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...
Persistent link: https://www.econbiz.de/10010278392
BRAC, a non-governmental organization (NGO), runs a large number of non-formal primary schools in Bangladesh which target out-of-school children from poor families. These schools are well-known for their effectiveness in closing gender gap in primary school enrolment. On the other hand,...
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