Showing 1 - 10 of 19
In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...
Persistent link: https://www.econbiz.de/10008528726
In this paper , we consider an economic growth model with human capital accumulation , positive externalities and a cultural system of social norms . We show that endogenous rational emergence of this cultural belief may lead to increasing the stock of human capital and hence accelerating...
Persistent link: https://www.econbiz.de/10011110277
The present paper is motivated by the interest of a more thorough analysis of the determinants of remittances for developing countries. Thus, a simple formal remittance behaviour model is provided in which the amounts of the sums transferred are negatively related to the migrants’ individual...
Persistent link: https://www.econbiz.de/10011258507
This paper highlights formally the interaction existing between the quality of institutional governance, the education …
Persistent link: https://www.econbiz.de/10011108339
In this paper, we consider a two-period model of migration and remittances as implicit contract in a context of asymmetric information. Our model offers new theoretical findings with respect to the previous literature on the main determinants of remittances. According to self-interest thesis,...
Persistent link: https://www.econbiz.de/10011110267
We consider a growth model with education, externalities and a cultural norm . We show that endogenous emergence of …
Persistent link: https://www.econbiz.de/10011110317
account of social benefits of education. Our short note extends his paper on the social returns to accumulation of human … capital, with particular emphasis on the social returns to education which are given by the sum of the private and external … from social interactions.We propose a policy of decentralization of the optimal education. …
Persistent link: https://www.econbiz.de/10011111594
countries. Our model shows the importance of the role of institutions in explaining the level of education of these countries … education. Our main result showed the existence of a strategic complementarity between the formal institution and informal …
Persistent link: https://www.econbiz.de/10011112595
In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...
Persistent link: https://www.econbiz.de/10011113407
account the social benefits of education. Our note extends his paper on the social returns to accumulation of human capital …, with particular emphasis on the social returns to education which are given by the sum of the private and external marginal … social interactions. We propose a policy of decentralization of the optimal education . …
Persistent link: https://www.econbiz.de/10011113456