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Cari koleksi dengan cepat sesuai kebutuhan Anda.Although unfashionable today, R.D. Laing was one of the most influential psychiatrists of the twentieth century, an international countercultural guru, and an outspoken critic of conventional psychiatry whose theories were embraced by the New Left. The enthusiasm with which his theories of the dynamics of the family and the psychogenesis of mental illness were taken up by many feminists and fem…
Why should developing countries buy expensive catastrophe (CAT) insurance? Abstracting from risk aversion or hedging motives, we find that insurance may have a catalytic role on external finance. Such effect is particularly strong in those low- to middle-income countries that face financial constraints when hit by a shock or in its anticipation. Insurance makes defaults less likely, thereby rel…
This article develops a theoretical framework to analyse options for financing infrastructure in developing countries. We build a basic model that gives motivations for using a combination of public finance, private debt, and private equity. The model is then extended in a number of ways to examine factors that are important for developing countries. We focus in particular on key institutional…
In many countries there is a considerable gender gap in enrolment for a bachelor�s degree in Economics, arguably an important stepping stone towards positions of influence in policymaking and occupations paying relatively high wages. We investigate the sources of this gap by looking in detail at the university admission process in the UK. We use a 50% random sample of administrative data c…
We investigate optimal taxation of lifetime income with and without an option to emigrate during old age. The government sets the rates of deferred taxation and of taxes on interest income. With immobile agents, the optimal policy consists of full deferral of income taxes on savings and full taxation of interest. Potential mobility of the old calls for lower degrees of deferral and reduced taxa…