PUBLIC EDUCATION EXPENDITURES, HUMAN CAPITAL INVESTMENT AND INTERGENERATIONAL MOBILITY: A TWO-STAGE EDUCATION MODEL

We show in this paper that, depending on the initial distribution of material wealth and that of individuals' abilities, economies converge in the long run towards different proportions of the skilled workforce and different levels of average wealth. We also show that the growth process raises net economic mobility, the long-run proportion of the skilled population and the long-run levels of wealth held by both rich and poor dynasties. Unless the income tax rate is too high, the increase in total public funds is associated, in the long run, with higher net mobility, a larger fraction of the skilled workers and higher levels of wealth of all the dynasties. In addition, the reallocation of public expenditures from basic to advanced education can result in lower mobility, a lower long-run size of the skilled workforce, and a lower long-run level of wealth held by rich dynasties, if the transfer of resources comes at the expense of excessively lowering the quality of education at the basic schooling level.     

Negative economic shocks and child schooling: Evidence from rural Malawi

This study investigates the impacts of negative economic shocks on child schooling in households of rural Malawi, one of the poorest countries in sub-Saharan Africa. Both individually-reported and community-level shocks are investigated. There is evidence that community-level shocks negatively impact the school enrolment of children. The point estimates suggest that this effect is larger when shocks and school enrolment are reported by men as compared with women. However, we cannot conclude with statistical confidence that the impact of idiosyncratic shocks is larger when reported by males than when reported by females. Similarly, although the point estimates suggest that the impact of community-level shocks on the school enrolment of children is larger than that of idiosyncratic shocks, we cannot conclude with statistical significance that the impacts of community-level and idiosyncratic shocks are different.     

Covid-19 and heuristic biases: evidence from India

Stock markets worldwide have witnessed high volatility during the year 2020 owing to the eruption of Covid-19. Due to the world’s unprecedented economic challenges, this study could potentially guide financial advisors and individual investors in dealing with pandemics. An association between investors’ perception toward the intensity of Covid-19 and heuristic biases is analyzed using the responses of 290 stock investors of National Capital Region (NCR), India. The data are validated through Cronbach’s alpha, and the model fit is analyzed using EFA. Confirmatory factor analysis (CFA) is employed to investigate the relationship between Covid-19 and heuristic biases. Covid-19 does not have any influence on the overconfidence of investors. A significant positive relationship is found between Covid-19 and the remaining three heuristics, i.e., availability, anchoring, and representativeness. The present study analyzes the association between Covid-19 and specific investors’ bias only and should not be interpreted for causality. The study has the potential to guide investors in understanding the errors they are making while investing during the pandemic and the ways to deal with them. The study could provide insights to the financial advisors in understanding their customers. The implications of the study may include inputs of the errors committed by them during the pandemic. Despite the fact that an enormous amount of literature exists in the field of investors’ sentiment, a scarcity of literature is available that measures the relationship between heuristic biases and the perceived impact of the pandemic. The current study attempts to fill this gap in the literature.

     

A New Approach to Unidimensional Poverty Analysis: Application to the Tunisian Case

Fuzzy conceptualization of privation has been a step closer to more realistic handling of poverty. However, fuzzy approaches to poverty are still grounded on parametric axioms. Moreover, construction of poverty lines within these approaches still relies on ad‐hoc methods. In this paper, we advance instead a fuzzy procedure based on the non‐parametric bootstrap method, allowing us to depict fuzzy unidimensional privation states with boundaries drawn spontaneously from data. Fuzzy non‐parametric measures of privation within each state as well as a collective fuzzy non‐parametric index of poverty are derived, along with their corresponding confidence intervals. The new approach is applied to the analysis of poverty in Tunisia in 2005.     

RETRACTED: Distributional effects of rising food prices in Pakistan: Evidence from HIES 2001–02 and 2005–06 survey

This article has been retracted: please see Elsevier Policy on Article Withdrawal (http://www.elsevier.com/locate/withdrawalpolicy).This article has been retracted at the request of the Editor and the Publisher.After a thorough investigation, the Publisher has concluded that the Editor was misled into accepting this article based upon the positive advice of at least one faked reviewer report. The report was submitted from a fictitious email account which was provided to the Editor by the corresponding author during the submission of the article. The corresponding author, Dr Zaman, wishes to admit sole responsibility and to state that his co-authors were not aware of his actions.This manipulation of the peer-review process represents a clear violation of the fundamentals of peer review, our publishing policies, and publishing ethics standards. Apologies are offered to the reviewers whose identities were assumed and to the readers of the journal that this deception was not detected during the submission process.     

The Effect of Perceived Corporate Social Responsibility and Sustainable Human Resources on Employee Engagement with the Moderating Role of the Employer Brand

Employee Responsibilities and Rights Journal - Employee Engagement (EE) is an important aspect of human resources management, which is instrumental in the financial success of an organization....     

Investigation of Organizational Commitment and Turnover Intention: A Study of Bahraini Oil and Gas Industry

Employee Responsibilities and Rights Journal - In the last five years, the turnover rate of the operation employees in Bahrain Petroleum Company (Bapco) has augmented and attend a critical level,...