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Financial Hurdles for Human Capital Accumulation: Revisiting the Galor-Zeira Model

Jun, Bogang; Hwang, Won-Sik - Volkswirtschaftliche Fakultät, … - 2012

Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. We expand the...

Persistent link: https://www.econbiz.de/10011259657

Intergenerational mobility, composition of human capital and distance to frontier

Basu, Suajta - Volkswirtschaftliche Fakultät, … - 2014

innovating on its own technology level -- innovation being more skilled-intensive than imitation. I develop a growth model based … that there exists a constant level of skilled and unskilled human capital in the imitation-only and innovation-only regimes …. In the imitation-innovation regime stock of skilled human capital rises whereas that of unskilled human capital falls in …

Persistent link: https://www.econbiz.de/10011109879

Are the Children of Uneducated Farmers Doubly Doomed? Farm, Nonfarm and Intergenerational Educational Mobility in Rural China

Emran, M. Shahe; Sun, Yan - Volkswirtschaftliche Fakultät, … - 2014

This paper relaxes the single factor model of intergenerational educational mobility standard in the literature, and develops a research design to study the effects of parents' education and occupation on children's schooling. We use survey data from rural China that cover three generations and...

Persistent link: https://www.econbiz.de/10011109944

A theory of family education incentives and inequality

Jellal, Mohamed - Volkswirtschaftliche Fakultät, … - 2014

In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

Persistent link: https://www.econbiz.de/10011113407

Fiscal Policy and Labor Markets at Times of Public Debt

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 2010

This paper explores the empirical relevance of public debt accumulation for labor market institutions and outcomes. In theory, since debt service obligations act as a constraint on policy choices, past debt accumulation and current interest rates should influence reform incentives and labor...

Persistent link: https://www.econbiz.de/10008684674

The Chilean Labor Market: Job Creation, Quality, Inclusiveness, and Future Challenges

Parro, Francisco; Reyes, Loreto - Volkswirtschaftliche Fakultät, … - 2013

This paper analyzes recent labor market developments in the Chilean economy. The evidence shows a booming labor market with strong job creation since 2010. Most of the jobs created during the past three years are quality jobs—that is, jobs with a written contract and whose employers have made...

Persistent link: https://www.econbiz.de/10011258725

Intangible training capital and productivity in Europe

O’Mahony, Mary; Peng, Fei - Volkswirtschaftliche Fakultät, … - 2011

This paper employs industry data, derived from linking the EU LFS to productivity accounts from EU KLEMS, to examine workforce training and productivity in European Union original members states. Training activities are modelled as intangible investments by firms and cumulated to stocks so their...

Persistent link: https://www.econbiz.de/10011259336

Human Capital Investment through Education and Training: an Overview

Dhaoui, Elwardi - Volkswirtschaftliche Fakultät, … - 2013

We present in this paper the real importance and very contemporary human capital investment. Through a quantitative analysis, we present the level of human capital accumulation that countries are able to achieve. We also examine the significant part occupied by educational expenditure in the...

Persistent link: https://www.econbiz.de/10011262752

Training and Unions

Booth, Alison L; Chatterji, Monojit - C.E.P.R. Discussion Papers - 1997

The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm has ex-post monopsonistic power that drives...

Persistent link: https://www.econbiz.de/10005666579

Heterogeneity, Stratification and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1993

-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into …

Persistent link: https://www.econbiz.de/10005666953