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The analytic innovation is treating life's end as uncertain, and life expectancy as partly the product of individuals' efforts to self-protect against mortality and morbidity risks. The demand for self-protection is modeled in a stochastic, life-cycle framework under alternative insurance options. The model helps explain the trend and systematic diversity(More)
he persistence of illegal activity throughout human history and some of its apparent regularities have long attracted the attention of economists. For example, Adam Smith (1776 [1937], p. 670) observed that crime and the demand for protection from crime are both motivated by the accumulation of property. William Paley (1785 [1822]) presented a penetrating(More)
This paper estimates the exogenous effect of schooling on reduced incidence of hypertension. Using the changes in the minimum school-leaving age law in the United Kingdom from age 14 to 15 in 1947, and from age 15 to 16 in 1973, as sources of exogenous variation in schooling, the regression discontinuity and IV-probit estimates imply that, for the first law(More)
This review traces the evolution of literature on population and economic growth through the main paradigms suggested to explain the observed covariation of per capita income and population levels (or their rates of growth) over time and space, and determine which public policies will improve the human condition. As the main paradigms evolved, key(More)
Public services and goods can provide relevant inputs to private productive activities. Modern States organize the production of these inputs on the basis of taxes collected from the community. When this process is affected by bureaucrats' corruption the efficiency of public expenditure decreases. In this paper we deal with the long-run consequences of this(More)
Leamer and McManus applied Extreme Bound Analysis (EBA) in an empirical study of the deterrent effects of capital punishment and other penalties. Their analysis has questioned the validity of the deterrence hypothesis. The thrust of our paper is twofold: First, by applying EBA to well known econometric models of demand, production, and human-capital(More)
HUMANS HAVE BEEN CUTTING ETHIOPIAN FORESTS FOR FUEL AND AGRICULTURE FOR CENTURIES (1). Only about 35,000 fragments remain in the northern highlands, ranging in size from 3 to 300 hectares. These fragments escaped deforestation because of their religious and spiritual importance; they are protected by, and are an integral part of, the Ethiopian Orthodox(More)