We present a model of human capital investment within and across generations, with incomplete markets and government transfer programs. Our model combines a fairly standard life-cycle model of human capital with an intergenerational model à la Becker and Tomes (1986). The human capital technology features multiple stages of investment during childhood, a college decision, and on-the-job accumul...

BACKGROUND Consistent observation of raised rates of psychoses among Black and minority ethnic (BME) groups may possibly be explained by their lower socio-economic status. AIMS To test whether risk for psychoses remained elevated in BME populations compared with the White British, after adjustment for age, gender and current socio-economic status. METHOD Population-based study of first-epis...

The extent to which a society provides aid and opportunities to its least fortunate members depends in part on the society's beliefs regarding the causes of poverty and inequality. While a strong case can be made for aiding the poor irrespective of the source of their poverty, those who oppose increased aid to low income groups frequently justify their position by asserting that the poor themse...

This article discusses what is known about the economic status of the aged. Numerous complexities involved in the assessment of their status are discussed. Compared with most other recent assessments, this study finds a less favorable status for the aged relative to other age groups. The focus is on an examination of detailed age groups, rather than summary aged and nonaged groups--thus providi...

The role of lifestyle in mediating the relationship between socio-economic characteristics and health has been discussed extensively in the epidemiological and economic literatures. Previous analyses have not considered a formal framework incorporating unobservable heterogeneity. In this paper, we develop a simple economic model in which health is determined (partially) by lifestyle, which depe...

This paper investigates the impact of legalization on the economic outcomes of the legalized population. It uses a natural experiment caused by the 1986 Immigration Reform and Control Act (IRCA) which gave amnesty for undocumented immigrants who could prove continuous residence in the U.S. after January 1, 1982. The arbitrary cutoff date on the eligibility criteria causes a discontinuity in the...

happiness is among the concepts which were subject of empirical studies in 1960s. this concept has been used interchangeably with such concepts as joy, satisfaction with life and the like. while meaningfully correlating with the feeling of joy and satisfaction with life, as indicated by numerous researches, the feeling of happiness is affected by different factors and situations. the present re...

BACKGROUND A cross sectional study was carried out to determine the nutritional status of school children in Army School, Pune. METHODS Anthropometric survey of 760 school children was carried out and compared against the NCHS/WHO reference standards to determine their nutritional status. Associations of nutritional status with socio-economic status, education status of parents, mothers worki...

International commentators including the IMF and the ADB have commended our economic management. Four years of consecutive growth is a performance that was difficult to achieve in the past. Not only have we achieved growth, the growth rates have been generally higher. The average growth rate in four years is over 4 percent, compared to 3 percent average growth from 1987 to 1999. Moreover, we ha...