Showing 1 - 10 of 536
innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skill intensive … the two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves …
Persistent link: https://www.econbiz.de/10005792394
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
This Paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyses the efficiency and welfare …
Persistent link: https://www.econbiz.de/10005123607
the equilibrium sorting of spouses by skill type (their correlation in education) is increasing as a function of the skill … premium and of the degree of correlation of spouses’ education (marital sorting). For all our measures, we find a positive and …
Persistent link: https://www.econbiz.de/10005123829
achievements are wasted as children fail to build upon their parents’ achievements. Policies affecting the education system and the …
Persistent link: https://www.econbiz.de/10005124062
This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on … clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent … cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour …
Persistent link: https://www.econbiz.de/10005136728
This Paper presents a new set of data on human capital. It is constructed so as to stay as close as possible to the censuses compiled by national, OECD or UNESCO sources. We then use these data to test a model that embeds the Mincerian approach to human capital into the Mankiw, Romer and Weil...
Persistent link: https://www.econbiz.de/10005067629
Household Panel Study. Mother’s education is found to be a very powerful predictor of their children’s educational attainments … men moderately, but the effects on young women’s education are small. Part, if not all, of this negative effect of living …
Persistent link: https://www.econbiz.de/10005497967
Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications...
Persistent link: https://www.econbiz.de/10005504741
We examine the relationship between education and mortality in a young population of Italian males. In 1981 several …
Persistent link: https://www.econbiz.de/10009148878