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implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in …Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … incumbent workers' knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to …
Persistent link: https://www.econbiz.de/10010264329
implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in …Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … incumbent workers’ knowledge, based on experience, and knowledge about the latest technologies, along with the skills needed to …
Persistent link: https://www.econbiz.de/10005405807
This paper provides a novel explanation of 'educated unemployment,' which is a salient feature of the labor markets in a number of developing countries. In a simple job-search framework we show that 'educated unemployment' is caused by the perspective of international migration, that is, by the...
Persistent link: https://www.econbiz.de/10011470813
This paper develops a model of voluntary migration into degrading work. The essence of the model is a tension between two "bads" that which arises from being relatively deprived at home, and that which arises from engaging in humiliating work away from home. Balancing between these two "bads"...
Persistent link: https://www.econbiz.de/10009007635
When productivity is fostered by an individual's own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. The provision of subsidies for the formation of human capital, conditional on the subsidy being self-financed by tax...
Persistent link: https://www.econbiz.de/10009725024
In the model of Stark et al. (1997, 1998), the possibility of employment in a developed country raises the level of human capital acquired by workers in the developing country. We show that this result holds even when workers have the option to save. -- Human capital formation ; Savings ;...
Persistent link: https://www.econbiz.de/10009687810
We consider the case in which the opening up of an economy to migration results in departure of skilled workers. We point out that while the possibility of migration changes the set of employment opportunities, it also affects the structure of incentives: Higher returns to skills in the foreign...
Persistent link: https://www.econbiz.de/10009699970
In the model of Stark et al. (1997, 1998), the possibility of employment in a developed country raises the level of human capital acquired by workers in the developing country. We show that this result holds even when workers have the option to save. -- Human capital formation ; Savings ;...
Persistent link: https://www.econbiz.de/10009700329
We specify conditions under which a strictly positive probability of employment in a foreign country raises the level of human capital formed by optimizing workers in the home country. While some workers migrate, "taking along" more human capital than if they had migrated without factoring in...
Persistent link: https://www.econbiz.de/10009711659
This paper provides a novel explanation of “educated unemployment,” which is a salient feature of the labor markets in a number of developing countries. In a simple job-search framework we show that “educated unemployment” is caused by the perspective of international migration, that is,...
Persistent link: https://www.econbiz.de/10003737403