Showing 1 - 10 of 12
We exploit rules of class formation to identify the causal effect of increasing the number of immigrants in a classroom on natives test scores, keeping class size constant (Pure Composition Effect). We explain why this is a relevant policy parameter although it has been neglected so far. We show...
Persistent link: https://www.econbiz.de/10011145440
Immigration is an important problem in many societies, and it has wide-ranging eects on the educational systems of host countries. There is a now a large empirical literature, but very little theoretical work on this topic. We introduce a model of family immigration in a framework where school...
Persistent link: https://www.econbiz.de/10009365649
There is a considerable empirical literature which compares wage levels of workers who have studied at secondary vocational schools with wages of workers who took academic schooling. In general, vocational education does not lead to higher wages. In some countries where labour markets are...
Persistent link: https://www.econbiz.de/10005123991
Re-licensing requirements for professionals that move across borders are widespread. In this Paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...
Persistent link: https://www.econbiz.de/10005136637
Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labour market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up...
Persistent link: https://www.econbiz.de/10005789165
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508
We study the contribution of foreign science and engineering talent to the creation of new knowledge in the U … domestic graduate students are central inputs into knowledge creation, and the marginal foreign student contributes more to the …-quality foreign students is most costly for U.S. innovation. Increased diversity appears to be the primary mechanism by which foreign …
Persistent link: https://www.econbiz.de/10008468708
regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10005497714
communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the …This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can … entrepreneur's innovative knowledge to other portfolio companies. We study the costs and benefits of these two forms of knowledge …
Persistent link: https://www.econbiz.de/10011168896
Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...
Persistent link: https://www.econbiz.de/10011084393