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Toivanen, Otto; Väänänen, Lotta - C.E.P.R. Discussion Papers - 2011

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on invention, using data on U.S. patents’ Finnish...

Persistent link: https://www.econbiz.de/10009275968

Risk Aversion and Human Capital Investment: A Structural Econometric Model

Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

We propose to model individual educational investments as a rational decision, maximizing expected utility, conditional on some characteristics observed by the student, under the combined risks affecting future wages and schooling duration. Assuming that students' attitudes toward risk can be...

Persistent link: https://www.econbiz.de/10005123629

Human Capital and the Future of Transition Economies

Spagat, Michael - C.E.P.R. Discussion Papers - 2002

Transition economies have an initial condition of high human capital relative to GDP per capita, giving them high growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of their family backgrounds and invest substantially in their...

Persistent link: https://www.econbiz.de/10005124062

Unemployment and Increasing Returns to Human Capital

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies a model of human capital accumulation with real wage rigidity. It is shown that the arbitrage condition between hiring a skilled versus an unskilled worker may be stated as a positive relationship between their relative unemployment rates. It may be the case that this locus is...

Persistent link: https://www.econbiz.de/10005124159

Birth Order and Sibship Sex Composition as Instruments in the Study of Education and Earnings

Gary-Bobo, Robert J.; Picard, Natalie; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

This paper presents an empirical study of birth-order and sibship sex-composition effects on educational achievement, and uses these variables as instruments to estimate returns to education, with the help of a rich set of individual data. Our sample includes more than 12,000 men and 10,000...

Persistent link: https://www.econbiz.de/10005124292

The Hazards of Doing a PhD: An Analysis of Completion and Withdrawal Rates of British PhDs in the 1980s

Booth, Alison L; Satchell, Stephen E - C.E.P.R. Discussion Papers - 1993

The paper examines UK PhD completion and withdrawal rates, in a competing risks framework, using the 1986 National Survey of 1980 Graduates. The statistical problem of thresholding of completion data is also addressed. We argue that our results suggest that there are problems with the use of PhD...

Persistent link: https://www.econbiz.de/10005504491

What Has Mattered to Economics Since 1970

Han Kim, E; Morse, Adair; Zingales, Luigi - C.E.P.R. Discussion Papers - 2006

received more than 500 citations. We document major shifts in the mode of contribution and in the importance of different sub …

Persistent link: https://www.econbiz.de/10005791355

Returns to Inventors

Toivanen, Otto; Väänänen, Lotta - C.E.P.R. Discussion Papers - 2010

A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of inventors. We estimate the effect of patented inventions on individual earnings by linking data on U.S. patents and their inventors to Finnish employer-employee data. Returns are...

Persistent link: https://www.econbiz.de/10008530342

The Resistible Decline of European Science

Bauwens, Luc; Mion, Giordano; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2008

Using a data set of highly cited researchers in all fields of science, we show that the gap in scientific performance between Europe, especially continental Europe, and the USA is large. We model the number of highly cited researchers in a sample of countries as a function of physical and human...

Persistent link: https://www.econbiz.de/10005124468

The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools

Hall, Bronwyn H; Jaffe, Adam B; Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 2001

‘generality’, self-citations, etc. Many of these measures exhibit interesting differences across the six main technological … — about 3 million patents and 16 million citations — is now available on the NBER website. We discuss key issues that arise in … the use of patent citations data, and suggest ways of addressing them. In particular, significant changes over time in the …

Persistent link: https://www.econbiz.de/10005136726

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