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Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance … suggest that an often overlooked factor - individual entrepreneurs - plays a large role in affecting firm performance. …

Persistent link: https://www.econbiz.de/10010607007

Was Weber Wrong? A Human Capital Theory of Protestant Economic History

Becker, Sascha O.; Woessmann, Ludger - CESifo - 2007

Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from...

Persistent link: https://www.econbiz.de/10005094299

Optimal Education with Mobile Capital. An OLG Approach (new title: Optimal Public Education under Capital Mobility)

Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2000

The paper considers a two-country model of overlapping generations economies with intergenerational transfers carried out in the form of bequest and investment in human capital. We examine in competitive equilibrium the optimal provision of education with and without capital markets integration....

Persistent link: https://www.econbiz.de/10005094431

Alternative Social Security Systems andGrowth

Kaganovich, Michael; Zilcha, Itzhak - CESifo - 2008

Demographic trends in most developed economies are characterized by rising longevity and decreasing birthrates. These trends endanger the sustainability of the current public pension systems. Therefore social security reform proposals are on the agenda in many countries. This paper demonstrates...

Persistent link: https://www.econbiz.de/10005181262

Human Capital Formation, Income Inequality and Growth

Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2001

The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational...

Persistent link: https://www.econbiz.de/10005405855

Private Investment in Higher Education: Comparing Alternative Funding Schemes

Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2008

This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...

Persistent link: https://www.econbiz.de/10005405995

Catch Me If You Can: Education and Catch-up in the Industrial Revolution

Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - CESifo - 2009

Existing evidence, mostly from British textile industries, rejects the importance of formal education for the Industrial Revolution. We provide new evidence from Prussia, a technological follower, where early-19th-century institutional reforms created the conditions to adopt the exogenously...

Persistent link: https://www.econbiz.de/10008583719