Showing 1 - 8 of 8
We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...
Persistent link: https://www.econbiz.de/10011256826
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10011257273
This paper augments the theory of optimal linear income taxation by taking into account human capital accumulation as a dimension of labor supply. The distribution of earning potentials is endogenous because agents differ in the ability to learn. Taxation affects utilization rates of human...
Persistent link: https://www.econbiz.de/10011257538
Persistent link: https://www.econbiz.de/10005853079
This paper examines the links between innovation and productivity in service enterprises. For this purpose, we use … micro data from the Community Innovation Survey 2008 in Germany, Ireland and the United Kingdom, and estimate an augmented … structural model. Our results indicate that innovation in service enterprises is linked to higher productivity. In all three …
Persistent link: https://www.econbiz.de/10011183308
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
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
This paper examines how productivity effects of human capital and innovation vary at different points of the …-technology manufacturing, average innovation performance is higher in all industries in Germany and the innovation performance distributions … investing in product innovation in the majority of industries. Frontier firms enjoy the highest returns to pro duct innovation …
Persistent link: https://www.econbiz.de/10011256679