Showing 1 - 10 of 16
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
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
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
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
This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …
Persistent link: https://www.econbiz.de/10005561473
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005076554
Many studies have underlined the existence of clear and persistent differences in the levels of political interest among European citizens. In this report these differences and developments in political involvement and political apathy are described and analysed, and conventional explanations in...
Persistent link: https://www.econbiz.de/10005553277
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005556858
During the early post-war period, Western trade union movements grew in membership and achieved an institutionalized role in industrial relations and politics. However, during the last decades, many trade unions have seen their membership decline as they came increasingly under pressures due to...
Persistent link: https://www.econbiz.de/10005754790
Self-employment still forms an important element in the social structure of modern societies. However, the group of the self-employed has experienced an enormous economic and social change. After a long term decline until the beginning of the 1970s in almost all industrialised countries,...
Persistent link: https://www.econbiz.de/10005754796