The significance of social interaction has become an increasingly important part of economic thought and models through the work on peer effects, social norms, and networks. Within this literature, a novel focus of ranking within groups has emerged. The rank of an individual is usually defined as the ordinal position within a specific group. This could be the work environment or a classroom, and much ...
Childhood is a unique period of human development, and a critical phase for preparing future societies to be prosperous and sustainable. This chapter discusses the main measurement issues in child well-being, and then presents evidence of how children fare in 10 aspects of their lives. The analysis shows that a significant number of children live in poverty and in workless households in many OECD countries, ...
