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Returns to Skills around the World: Evidence from PIAAC
Hanushek, Eric A.; Schwerdt, Guido; Wiederhold, Simon; … - CESifo - 2014
different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of … the focus on early-career earnings leads to underestimating the lifetime returns to skills by about one quarter. On … States. Estimates are remarkably robust to different earnings and skill measures, additional controls, and various subgroups …
Persistent link: https://www.econbiz.de/10010736745
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Central School Exit Exams and Labor-Market Outcomes
Piopiunik, Marc; Schwerdt, Guido; Woessmann, Ludger - CESifo - 2012
subsequent earnings. We suggest that labor-market effects may be more imminent for students leaving school directly for the labor … that central exams are indeed associated with higher earnings for students from school types directly bound for the labor …
Persistent link: https://www.econbiz.de/10010691259
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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
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The Economics of International Differences in Educational Achievement
Hanushek, Eric A.; Woessmann, Ludger - CESifo - 2010
An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit...
Persistent link: https://www.econbiz.de/10008583660
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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
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Will History Repeat Itself? Lessons for the Yuan
Cohen, Benjamin J. - East Asian Bureau of Economic Research (EABER) - 2014
remarkable economic success of the People’s Republic of China (PRC). But is such confidence warranted? Recent history has seen …
Persistent link: https://www.econbiz.de/10011134342
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Will History Repeat Itself? Lessons for the Yuan
Cohen, Benjamin J. - East Asian Bureau of Economic Research (EABER) - 2014
remarkable economic success of the People’s Republic of China (PRC). But is such confidence warranted? Recent history has seen …
Persistent link: https://www.econbiz.de/10011134375