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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

VIOLACIÓN A LOS DERECHOS DE PROPIEDAD INTELECTUAL: LA INCIDENCIA DEL INGRESO, LA CULTURA, LA EDUCACIÓN, LAS ORGANIZACIONES, LAS INSTITUCIONES Y LA INNOVACIÓN EN LA PIRATERÍA DE SOF...

Marquez, Pablo - EconWPA - 2005

The target of this paper is to question the causes of software intellectual property rights violation. To solve this question, the author analyses how has evolved the economic literature of IPR violation showing that the traditional market variables do not fulfill the requirements to explain the...

Persistent link: https://www.econbiz.de/10005126044

Invention under uncertainty and the threat of ex post entry

Miller, David A. - EconWPA - 2005

This paper proposes a theoretical framework for studying the invention of new products when demand is uncertain. In this framework, under general conditions, the threat of ex post entry by a competitor can deter invention ex ante. Asymmetric market power in the ex post market exacerbates the...

Persistent link: https://www.econbiz.de/10005134408

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

Innovation height, spillovers and TFP growth at the firm level: Evidence from French manufacturing

Emmanuel, DUGUET - EconWPA - 2004

firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …

Persistent link: https://www.econbiz.de/10005407643