Gauthier Lanot

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Children from poorer backgrounds are generally observed to have lower educational outcomes than other youth. However, the mechanism through which household income affects the child’s outcomes remains unclear. Either, poorer families are financially constrained or some characteristics of the family make the children less likely to participate in(More)
This paper analyses the behaviour of TV gameshow contestants to estimate risk aversion. We are able to show that the gameshow participants are broadly representative of the population as a whole. The gameshow has a number of features that makes it well suited for our analysis: the format is extremely straightforward, it involves no strategic decisionmaking,(More)
In developing countries, labour supply and activity choices are distorted by the existence of labour market imperfections restricting entry to the activity sectors or rationing the worked hours. The presence of decreasing returns to labour in the informal sector is another specific characteristic of labour market dualism in LDCs. Because of the existence of(More)
This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit markets. The simulated numerical solution to this model shows that weekly consumption functions are ordered(More)
The empirical retirement literature measures individual responses to variation in income flows due to public transfers, private individual or employer-provided pensions. The novelty of this paper is to provide a decomposition the incentive effects from these three sources. It is the first time that the effects of pay policies of different employers on(More)
Britain is characterised by a low rate of post compulsory schooling compared to other European countries. To reduce this disparity, the British government has been testing an Education Maintenance Allowance (EMA) where 16 to 19-year olds are given financial support to attend schooling when the family income falls below a threshold. This paper attempts at(More)
The Keele Economics Department produces this series of research papers in order to stimulate discussion and invite feedback. Copyright remains with the authors. All papers in the kerp series are available for downloading from the Keele Economics website, via Abstract This paper establishes a theoretical framework to characterise the optimal behaviour of(More)