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Labor Market Complementarity: A Perspective on Inequality and Productivity Dynamics

Jeong, Hyeok; Kim, Yong; Manovskii, Iourii - Society for Economic Dynamics - SED - 2006

Two salient changes in the US wage structure have occurred over the past three decades: first, a sharp increase in the wage premium to schooling despite a continual increase in the supply of schooling, and second, a rise and then fall of the wage premium to work experience. Capital-skill...

Persistent link: https://www.econbiz.de/10005069246

IQ in the Ramsey Model: A Naive Calibration

Jones, Garett - Society for Economic Dynamics - SED - 2006

I show that in a conventional Ramsey model, between one-fourth and one-half of the global income distribution can be explained by a single factor: The effect of large, persistent differences in national average IQ on the private marginal product of labor. Thus, differences in national average IQ...

Persistent link: https://www.econbiz.de/10005069328

Returns to Government Sponsored Training

Plesca, Miana; Kambourov, Gueorgui; Manovskii, Iourii - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069403

Occupational Specificity of Human Capital

Manovskii, Iourii; Kambourov, Gueorgui - Society for Economic Dynamics - SED - 2004

In this paper we document substantial returns to occupational tenure. Everything else being constant, ten years of occupational tenure are likely to increase wages by at least $19\%$. Moreover, we show that when occupational experience is taken into account, tenure with an industry or an...

Persistent link: https://www.econbiz.de/10005090910

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

IQ in the Ramsey Model: A Naive Calibration

Jones, Garett - EconWPA - 2005

I show that in a conventional Ramsey model, between one-fourth and one- half of income differences across countries can be explained by a single factor: The steady-state effect of large, persistent differences in national average IQ on worker productivity. These differences in cognitive...

Persistent link: https://www.econbiz.de/10005118848

Persistence of Innovation: Stylised Facts and Panel Data Evidence

Peters, Bettina - EconWPA - 2005

innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at …

Persistent link: https://www.econbiz.de/10005118744

Employment Effects of Different Innovation Activities: Microeconometric Evidence

Peters, Bettina - EconWPA - 2005

process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany … CIS data. It establishes a theoretical link between employment growth and innovation output. The econometric analysis …

Persistent link: https://www.econbiz.de/10005118792