Entrepreneurship is a hot topic both in academic and policy circles.1 There is a growingrecognition that entrepreneurship is a driving force in economic growth and development in bothestablished and emerging economies. There is also an increasing body of evidence suggestingentrepreneurship that...

The paper draws upon the work of T.W. Schultz to show that human capital theory andlabor market adjustments have important implications for investing in people for the 21st Century.[...]

There is a large body of evidence supporting the notion that a) those who grow up to be patient(forward-looking) do better in life compared to those who do not, and b) parents can inculcatethe virtue of delayed gratification in their children by taking the right sort of actions. We studya...

This study uses an agent-based test bed (“AMES”)to investigate separation and volatility of locational marginalprices (LMPs) in an ISO-managed restructured wholesale powermarket operating over an AC transmission grid. Particular attentionis focused on the dynamic and cross-sectional response...

This paper gives an axiomatic characterization of the Atkinson indices of segregationfor the multigroup case using a small number of purely ordinal axioms. We showthat the symmetric Atkinson index represents the unique ordering that treats ethnicgroups symmetrically, that is invariant to...

We propose a set of axioms for the measurement of school-based segregation withany number of ethnic groups. These axioms are motivated by two criteria. The first isevenness: how much do ethnic groups’ distributions across schools differ? The secondis representativeness: how different are...

A broad literature seeks to assess the importance of schools, proxies for school quality, andfamily background on children's achievement growth using the education production function.Using rich data from the Philippines, we introduce and estimate a model that imposes littlestructure on the...