After entering the European Union (EU) Latvia faced new possibilities in international labor market. In 2004 several member states opened their labor markets to workers from Latvia. The largest amount of labor force went to Ireland, Great Britain and Sweden. In these countries salaries were...

At present, the world economy is at a cross road. The Nigerian economy is therefore undergoing it most severe economic crisis since the Biafra war of the sixties. Currently, she is experiencing a staggering rate of inflation (well up to the double digit) as well as experiencing a severe...

The paper presents evidence that validate the focusing illusion. Specifically, the forecasted impact of a basketball championship on students’ subjective well-being was exaggerated because of their intense focus on the event. However, the self-reported states of being for life domains not...

This paper purports to examine the validity of the common belief that in a developing economy the backward agricultural sector should be subsidized as poorer group of the working population are employed in this sector that send their children out to work out of sheer poverty. A three-sector...

The paper using a three-sector general equilibrium model with agricultural dualism and child labour shows that any fiscal measures designed to benefit backward agriculture cannot cure the problem of child labour in a developing economy although they raise the non-child labour income of the poor...

This paper evaluates the overall effects of a pronatal subsidy program, the Basic Subsidy Program (BSP), in Korea. As the Total Fertility Rate(TFR) declines as low as 1.08 in 2005, several pronatal programs are urgently enlarged and newly introduced. One such program is the BSP for families with...

Social networks of family and friends are very important in providing economic and social support to households. The massive internal migration flows towards the big cities in the transition countries like Albania can seriously affect such networks, and influence the support received. Previous...

This paper studies children as a risky asset associated to an investment option. Children provide utility but have a stochastic maintenance cost. We obtain several new results relative to models where children are deterministic goods, among which: i) Higher child risks diminish fertility and...

The earlier studies that came out around the 1970s, as more and more women started to leave the homes, so to speak, and took paid work found no statistically significant difference in the happiness between the housewife and the working wife. This paper revisits the same issue using data from the...

Does parenthood bring happiness? This paper finds that the overall impact of parenthood on happiness is negative because the negative indirect impacts exceed the positive direct on happiness. What needs emphasizing is that, while the findings show that parenthood is still a positive status,...