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Fiscal Policy and Educational Attainment in the United States - A Generational Accounting Perspective

Chojnicki, Xavier; Docquier, Frederic - EconWPA - 2003

In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale and al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...

Persistent link: https://www.econbiz.de/10005076587

Within-the-family education and its impact on equality

Nordblom, Katarina - EconWPA - 2001

This is a theoretical study of human-capital formation, where parental, as well as public investments are essential. Policy influence rich and poor parents differently when they make educational decisions. Rich parents allocate resources efficiently between physical bequests and educational...

Persistent link: https://www.econbiz.de/10005125917

Many Types of Human Capital and Many Roles in U.S. Growth: Evidence from County-Level Educational Attainment Data

Young, Andrew; Levy, Daniel; Higgins, Matthew - EconWPA - 2004

We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...

Persistent link: https://www.econbiz.de/10005126012

MANAGEMENT & DEVELOPMENT OF HAPPINESS : A PRIORITY IN SOCIO-ECONOMIC DEVELOPMENT

Dr.VSR.Subramaniam - EconWPA - 2005

If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be...

Persistent link: https://www.econbiz.de/10005408439

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

Candidate Quality

Poutvaara, Panu; Takalo, Tuomas - EconWPA - 2004

We analyze the topical question of how the compensation of elected politicians affects the set of citizens choosing to run. To this end, we develop a sparse and tractable citizen-candidate model of representative democracy with ability differences, informative campaigning and political parties....

Persistent link: https://www.econbiz.de/10005560979

Old and New Theories of Fiscal Federalism, Organizational Design Problems, and Tiebout

Garzarelli, Giampaolo - EconWPA - 2005

motivations in support of federalism, namely, incentives and knowledge. Second, it succinctly discusses the incentive … rests on a knowledge motivation. The underlying theme is that the SGT should include both the incentive and knowledge …

Persistent link: https://www.econbiz.de/10005556973

To Be or Not To Be in Office Again: Political Business Cycles with Local Governments

Baleiras, Rui Nuno; Costa, José da Silva - EconWPA - 2003

Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...

Persistent link: https://www.econbiz.de/10005076618

R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models

Hussinger, Katrin - EconWPA - 2004

This paper analyzes the effects of public subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By applying parametric and...

Persistent link: https://www.econbiz.de/10005076604

A Model of Primary and Secondary Waves in Investment Cycles

Fioretti, Guido - EconWPA - 2002

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …

Persistent link: https://www.econbiz.de/10005077089