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To be sure, the adequacy of such a reductive analogy between the rewards of studying anything, be it a foreign language or quantum field theory, and the pecuniary returns on an investment of time and tuition can be questioned on many grounds.
We assume that illegal opportunities that pay high pecuniary returns require considerable time in the illegal sector or/and they involve higher psychological costs.
His position would anticipate what would be the subsequent development of empirical research in human capital: much greater attention to private pecuniary returns, something that nurtured significant scepticism regarding externalities (see Arrow [1993]) and delayed development of research about non-monetary benefits (McMahon [2004]).
This paper tries to understand factors affecting choice of work (taking into account the joint decisions of farm women and farm men) when both pecuniary and non-pecuniary returns to work are considered in conjunction with hours of off-farm work.
The returns include pecuniary benefits from either for-profit start-up or working for someone and non-pecuniary benefits from nonprofit start-up.
Benz (2009) argues that when non-pecuniary factors are added as an additional return to entrepreneurship into Lazear's model, entrepreneurship is best characterized as a nonprofit-seeking activity3.
The primary motivation behind Leonard Cohen's return to the stage after 15 years, however, is unashamedly pecuniary.
This is pecuniary agglomeration economies as in Brueckner [5] and it does not involve the increasing returns to scale that necessitates Marshall's notion of input sharing.
Gain a pecuniary advantage.
Gain a pecuniary advantage.
All pecuniary aid will be thankfully received.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com