Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate depends upon the level of human capital. This assumption accords strongly with the micro-level evidence. In the model an individual optimizes consumption over two periods. Low...

This paper examines the impacts of the financial, food and fuel crises on the livelihoods of low-income households Nigeria. It uses primary household level data from Nigeria to analyse the impacts of induced price variability on household welfare. Our results indicate that aggregate shocks have...

Past estimates of the effect of family income on child development have often been plagued by endogeneity and measurement error. In this paper, we use an instrumental variables strategy to estimate the causal effect of income on children's math and reading achievement. Our identification derives...

Past estimates of the effect of family income on child development have often been plagued by endogeneity and measurement error. In this paper, we use an instrumental variables strategy to estimate the causal effect of income on children's math and reading achievement. Our identification derives...

In the paper we propose a new channel through which education may promote economic growth: education makes people more patient, and more patient people are more likely to save, invest, or send children to school. The paper first summarizes the results of field studies which we conducted in two...

Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate depends upon the level of human capital. This assumption accords strongly with the micro-level evidence. In the model an individual optimizes consumption over two periods. Low...

El objetivo de este trabajo es el de cuantificar el grado de desprotección al que se ven sometidos los individuos en los países de la OCDE durante el año 2003, mediante el cálculo de un Índice de Vulnerabilidad Social. La estimación de dicho índice se ha llevado a cabo a partir de la suma...

En este trabajo se examina la movilidad social en el departamentode Córdoba entre los años 2003 y 1996, especialmente en las zonasurbanas. El fenómeno se analiza desde la perspectiva educativa y ocupacional, y se establecen relaciones entre el nivel educativo y lacondición de pobreza,...

Previous papers which examine the importance of peer effects using exogenous variation in college roommates have found only very limited evidence that a student’s first year grade performance is influenced by the observable academic characteristics of his/her roommate. One possible explanation...

In many developing countries, there does not exist a time series of nationally representative household budget or income surveys, while there often are surveys of regions as well as nationally representative Demographic and Health Surveys (DHS) which lack information on incomes. This makes an...