Showing 1 - 10 of 36
If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …
Persistent link: https://www.econbiz.de/10005791837
We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people are more likely to invest in the stock market....
Persistent link: https://www.econbiz.de/10011249373
We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout this period, despite evidence of convergence, the racial gap in attainment between blacks and whites has been persistently determined by the initial gap. We obtain these results...
Persistent link: https://www.econbiz.de/10009399722
knowledge. Three long-term outcomes emerge. First, a "Secularization" or "Western-European" regime with declining religiosity …, unimpeded science, a passive Church and high levels of taxes and transfers. Second, a "Theocratic" regime with knowledge …
Persistent link: https://www.econbiz.de/10011262883
potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We …
Persistent link: https://www.econbiz.de/10005791875
, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …
Persistent link: https://www.econbiz.de/10005497933
In the "size of stakes" view quantitatively formalized in Gabaix and Landier (2008), CEO compensation is determined in a competitive talent market, and re flects the size of firms affected by talent. This paper offers empirical update on this view. The years 2004-2011, which include the recent...
Persistent link: https://www.econbiz.de/10011145470
This paper studies the behavioral effects of intra-firm trainings on absence behavior and turnover probability. We argue that participation in firm-sponsored trainings might lead to behavioral responses among employees. When firms pay for general trainings, employees may perceive this as a gift...
Persistent link: https://www.econbiz.de/10010570814
Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. OLS estimates suggest that the returns are similar to those of other types of schooling. However, there is a lot of heterogeneity in the types of apprenticeships offered, and...
Persistent link: https://www.econbiz.de/10005789124
This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The crucial ingredient in our model is that the current employer has superior information about the worker’s ability relative to other firms. This informational advantage gives the...
Persistent link: https://www.econbiz.de/10005791865