This book is a concerted attempt by economists to investigate and offer remedies for some of the difficulties associated with an ageing labor market.

This paper formulates a model of optimal export decision of private firms and then empirically studies the effect of firm size, import of raw materials and capital goods, competitiveness (measured in terms of price-cost-margin (PCM)), and productivity growth on export performance of Indian...

In this paper we consider an overlapping generations model with endogenous fertility and two-sided altruism and show the limitations of applying commonly used open loop Nash equilibrium in characterizing equilibrium transfers from parents to children in the form of bequest, and transfers from...

Using the NLSY data set, this paper formulates and then empirically estimates the production processes for social, motivational and cognitive skills during early childhood development and the long-term effects of these skills on learning and life-time earnings of an individual. Using these...

Using techniques from the non-standard analysis, a non-standard analogue of the Aumann-Shapley random order value of non-atomic games is provided. The paper introduces the notion of effectively ergodic family of automorphism groups. It is shown that for a wide class of games, the non-standard...

This paper formulates dynamic R\&D investment decisions of private firms as an optimal stochastic control problem. It derives explicitly R\&D investment decision rule and the cross equations parameter restrictions imposed by the rational expectations hypothesis, using the Riccati equations only...

This paper formulates a model of optimal export decision of private firms and then empirically studies the effect of firm size, R&D activities and competitiveness on export performance of Indian private firms during the period 1975-1986. The paper argues that the Cragg model is more appropriate...

This paper provides a signalling model of endogenous growth in which innate talents and education levels of workers drive the basic scientific knowledge and adoptive knowledge accumulation processes. Whether talented individuals get properly educated and are employed in the appropriate technical...

Using the PSID Child Development Supplement (CDS) and the corresponding PSID main data sets, we examine whether home ownership has positive effects on the academic achievement of children after correcting for selectivity bias and controlling for home environment, neighborhood quality,...