Similar Search Results

Diversifying Society's Leaders? The Causal Effects of Admission to Highly Selective Private Colleges

Chetty, Raj; Deming, David J.; Friedman, John N - National Bureau of Economic Research - 2023

Leadership positions in the U.S. are disproportionately held by graduates of a few highly selective private colleges. Could such colleges -- which currently have many more students from high-income families than low-income families -- increase the socioeconomic diversity of America's leaders by...

Persistent link: https://www.econbiz.de/10014322879

Explorations of Cumulative Advantage Using Data on French Physicists

Hall, Bronwyn H.; Mairesse, Jacques - National Bureau of Economic Research - 2024

We use a large dataset of approximately 1500 physicists employed by the Centre National de la Recherche Scientifique (CNRS) in France to investigate the role of cumulative advantage in their publication career. Measuring output by time series of the number of publications and the number of...

Persistent link: https://www.econbiz.de/10014512139

Multidimensional Human Capital and the Wage Structure

Deming, David J. - National Bureau of Economic Research - 2023

This paper reviews and synthesizes the literature on the macroeconomic implications of human capital theory. I begin with a review of the canonical model of education and the wage structure pioneered by Tinbergen (1975) and developed more fully by Goldin and Katz (2007). I also review...

Persistent link: https://www.econbiz.de/10014247921

Four Facts about Human Capital

Deming, David J. - National Bureau of Economic Research - 2022

This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation across countries. Second, human capital...

Persistent link: https://www.econbiz.de/10013334368

Why Do Wages Grow Faster for Educated Workers?

Deming, David J. - National Bureau of Economic Research - 2023

The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by occupational sorting. Shortly after graduating, workers...

Persistent link: https://www.econbiz.de/10014322761

Allocative Skill

Caplin, Andrew; Deming, David J.; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2023

Jobs increasingly require good decision-making. Workers are valued not only for how much they can do, but also for their ability to decide what to do. In this paper we develop a theory and measurement paradigm for assessing individual variation in the ability to make good decisions about...

Persistent link: https://www.econbiz.de/10014372431

How Do You Find a Good Manager?

Weidmann, Ben; Vecci, Joseph; Said, Farah; Deming, David J. - National Bureau of Economic Research - 2024

This paper develops a novel method to identify the causal contribution of managers to team performance. The method requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is someone who consistently causes their team to produce more...

Persistent link: https://www.econbiz.de/10014635662

The Rapid Adoption of Generative AI

Bick, Alexander - 2024

Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the first nationally representative U.S. survey of generative AI adoption at work and at home. In...

Persistent link: https://www.econbiz.de/10015072907

Skills and Human Capital in the Labor Market

Deming, David J. - 2024

This paper synthesizes the economics literature on skills and human capital, with a particular focus on higher-order capacities like social and decision-making skills. We review the empirical evidence on returns to human capital from both a micro and macro perspective, as well as the evidence on...

Persistent link: https://www.econbiz.de/10015072850

Innovation and Market Value

Hall, Bronwyn H. - 1999

Recent research on financial market valuation of the knowledge assets of publicly traded firms is surveyed. The … motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is … value of the modern manufacturing corporation is strongly related to its knowledge assets, and that patent measures contain …

Persistent link: https://www.econbiz.de/10012471824