In this article, I discuss a method by Erikson et al. (2005, Proceedings of the National Academy of Science 102: 9730–9733) for decomposing a total effect in a logit model into direct and indirect effects. Moreover, I extend this method in three ways. First, in the original method the variable...

Many economists and educators favour public support for education on the premise that education improves the overall quality of life of citizens. However, little is known about the different pathways through which education shapes people's satisfaction with life overall. One reason for this is...

The reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.