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Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

Jones, Garett; Schneider, W. Joel - EconWPA - 2005

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

Persistent link: https://www.econbiz.de/10005407739

The Role of Endogenous Skill Choice in an Aging Economy

Jaag, Christian - EconWPA - 2005

This chapter analyzes the effects of an aging population on individual skill choices and the production structure by means of a dynamic general equilibrium model with overlapping generations and probabilistic aging. The model allows for capital-skill complementarity, which strongly affects the...

Persistent link: https://www.econbiz.de/10005408449

How risky is college investment?

Hendricks, Lutz; Leukhina, Oksana - Center for Financial Studies - 2015

develop a quantitative model of college choice. The innovation is to model in detail how students progress towards a college …

Persistent link: https://www.econbiz.de/10011161244

Returns to Education, Child Labor, & Schooling in India

Chamarbagwala, Rubiana - EconWPA - 2004

In an environment where children's time has an economic value and employment opportunities for educated workers are scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We offer evidence that children's participation in child...

Persistent link: https://www.econbiz.de/10005556051

What is Left to Residual Claimants? The Empirics of Income Reported by Entrepreneurs and Workers

Poutvaara, Panu; Tuomala, Juha - EconWPA - 2004

Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average income with all but undergraduate level of...

Persistent link: https://www.econbiz.de/10005556770

The return to college: Selection and dropout risk

Hendricks, Lutz; Leukhina, Oksana - Center for Financial Studies - 2014

This paper studies the effect of graduating from college on lifetime earnings. We develop a quantitative model of college choice with uncertain graduation. Departing from much of the literature, we model in detail how students progress through college. This allows us to parameterize the model...

Persistent link: https://www.econbiz.de/10010961637

A Theory of Technology Diffusion

Mukoyama, Toshihiko - EconWPA - 2003

What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...

Persistent link: https://www.econbiz.de/10005126129

Growth challenges for the business services industry - international comparison and policy issues

Kox, Henk L.M. - EconWPA - 2003

national innovation systems. The study also analyses the factors behind this industry's poor productivity growth. A scenario …

Persistent link: https://www.econbiz.de/10005134465

The contribution of business services to aggregate productivity growth

Kox, Henk L.M. - EconWPA - 2004

. The business services industry has an important role in the national innovation system and in knowledge spillovers to … other industries. The innovation contribution of business services to the rest of the economy may countervail the effect of … strengthening its role in knowledge spillovers to client industries. …

Persistent link: https://www.econbiz.de/10005412877

L’hypothèse de la triple hélice dans le dispositif français d’innovation : L’hypothèse de la triple hélice dans le dispositif français d’innovation : le cas de l'Auvergne...

Lamy, Erwan; Levratto, Nadine - EconWPA - 2004

This paper aims at showing how the Research and innovation Act of July 1999 modifies (stimulates?) the role of the … of firms profit from these devices? Do the structures of support for innovation at the regional level deploy their … example the case of Auvergne, we will seek to show in what sense the organisational mode of the innovation which prevails …

Persistent link: https://www.econbiz.de/10005412959