Applied Microeconometrics of Human Decisions

T. Lakshmanasamy

ISBN 10: 9380574894 / ISBN 13: 9789380574899

Published by Bookwell, 2015

About this Item

Contents: Preface. I. Economics of demand for children: 1. Economic utility and demand for children: a theoretical and empirical analysis. 2. Demand for children in rural families: children as consumption utility. 3. Economic contribution of rural children and family fertility behaviour: a rationale for high fertility in India. 4. Old age, risk, security and children: empirical evidence from rural India. 5. Hours of work of rural children: its determinants and effect on fertility. II. Economics of labour market behaviour: 6. Determinants of earnings in scientific labour market. 7. Dual selection criteria for simultaneous decisions: migration and sector choice of scientific and technical females in India. 8. Employment decision and earnings: issues of self selection and selectivity bias. 9. An econometric analysis of the worker choice between public and private sectors. 10. Discrimination by community: evidence from Indian scientific and technical labour market. 11. Occupational segregation and earnings discrimination by sex: evidence from India. 12. Stochastic frontier function and the measurement of sex discrimination. 13. Asymmetric information or ignorance in the labour market: A two-tiered earnings frontier estimation. 14. Labour use efficiency of banking sector in India. III. Economics of education: 15. Demand for higher education and willingness to pay: an econometric analysis using contingent valuation method. 16. Women s education, dowry, bargaining and gains to marriage. 17. Women entrepreneurship: human capital versus family background. 18. Intergenerational transmission of income and education in India. IV. Economics of household relations: 19. Education, search, matching and age at marriage of females. 20. Testing unitary and Nash bargaining household models in India. 21. Vulnerability of landholdings of income shocks: an analysis of household welfare under risk. V. Economics of efficiency measurement: 22. Production frontiers and efficiency measures: an analysis of the banking sector in India. 23. Technical efficiency measures for single and multiple output technologies. 24. Public debt management in India: theoretical and empirical approaches. VI. Econometric methods: 25. Microeconometrics of selective samples and discrete choice. 26. Econometrics some basic developments. References. This book is analyses the economics of human decisions with respect to both the market activities and the non-market behaviour. The household decision making approach has been followed to understand many economic and non-economic decisions of individuals who are members of a family. Using strong economic theories, rich data and powerful microeconometric methods, this book demonstrates the household decision making processes with respect to demand for children, labour market behaviour, discrimination, education, empowerment, bargaining, efficiency, risk and vulnerability and other non-market activities. It has been shown in this book that the household decisions are rational and have strong cost-benefit calculations and are based on utility gains. The theoretical and empirical results presented in this book demonstrate that the economic approach is a comprehensive one that is applicable to all human behaviour, be it behaviour involving money or emotions, rational or irrational, political or sociological, market or non-market, single or multiple decisions and by single or multiple decision makers. Some macroeconomic issues on banking efficiency and public debt management are also analysed. The book also demonstrates the applicability of many applied microeconometric methods for the quantitative analysis of human decisions. The book is intended to be a reference material for the quantitative analysis of the human decision making process. (jacket).

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Bibliographic Details

• Title: Applied Microeconometrics of Human Decisions
• Publisher: Bookwell
• Publication Date: 2015
• Language: English
• ISBN 10: 9380574894
• ISBN 13: 9789380574899
• Binding: Hardcover
• Edition: 1st Edition
• Condition: New

About this title

Synopsis

Trade in agriculture plays an important role in socio-economic development of the rural economy. Agriculture sector enjoys an important status in the regional and multilateral negotiations. Negotiations in the WTO on agriculture have attained a significant and central position between the developed and the developing countries. This book deals with different aspects of linkages between trade and agricultural sector in a detailed manner. The book covers a broad range of issues including Competitiveness of Indian Agriculture, Food Security, Trade Facilitation and Non-Tariff Measures. The findings of this book would be useful to policy makers as well as the academicians interested in issues related to agriculture and trade. The Centre for WTO Studies was set up in the year 1999 as a permanent repository of WTO negotiation-related knowledge and documentation. The Centre has been a part of the Indian Institute of Foreign Trade since November 2002. Over the years the Centre has conducted robust research programmes in all spheres of WTO issues. The research areas include Agriculture, NAMA, Services, TRIPS, Non-Tariff Measures, Subsidies and Safeguards & Anti-Dumping. The Centre undertakes research and provides independent analytical inputs to help the Government of India develop positions in its various trade negotiations, both at the WTO and other forums such as * and Preferential Trade Agreements and Comprehensive Economic Cooperation Agreements.