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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

Optimal Unemployment Insurance with Variable Skill Levels

Pollak, Andreas - EconWPA - 2004

I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by different productivities or skills, are employed by firms...

Persistent link: https://www.econbiz.de/10005408328

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

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

Estimating a Life Cycle Model with Unemployment and Human Capital Depreciation

Pollak, Andreas - EconWPA - 2005

I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of losing their job. Unemployed agents receive job random offers of different quality, which they can accept or reject. Following the loss of a job and during unemployment, an agent’s...

Persistent link: https://www.econbiz.de/10005119102

The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective

Sequeira, Tiago Neves - EconWPA - 2003

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

Crescimento Econ\363mico no P\363s-guerra: os Casos de Espanha, Portugal e Irlanda

Sequeira, Tiago - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005556858

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

The contribution of business services to aggregate productivity growth

Kox, Henk L.M. - EconWPA - 2004

. The business services industry has an important role in the national innovation system and in knowledge spillovers to … other industries. The innovation contribution of business services to the rest of the economy may countervail the effect of … strengthening its role in knowledge spillovers to client industries. …

Persistent link: https://www.econbiz.de/10005412877