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In this Paper, we analyse the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone's income can be appropriated by its model. Only people with the highest ability are cloned, while people at...
Persistent link: https://www.econbiz.de/10005792154
Advocates of apprenticeship programmes often argue as if it is simply a matter of historical accident that such investment by US firms has been hindered. This paper explores the structure of incentives underpinning the German system of apprenticeship training. First, we describe three...
Persistent link: https://www.econbiz.de/10005124483
This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...
Persistent link: https://www.econbiz.de/10005136638
In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of such rents, the return to human capital is entirely appropriated by the old and accumulation is entirely determined by the income to fixed factors. If rents are introduced by...
Persistent link: https://www.econbiz.de/10005662008
proportion of knowledge workers in employment, depending on the response of the overall demand for knowledge to the implied … reduction in the cost of acquiring it. In my model, knowledge (in a broad sense) is an input into the production function of … knowledge input in the production of human capital. An improvement in IT is modelled as an increase in the number of people who …
Persistent link: https://www.econbiz.de/10005791349
detailed customs and firm-product-level data from Portugal. We use exchange-rate movements as a source of variation in export …
Persistent link: https://www.econbiz.de/10011083348