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Human Capital Accumulation and the Macroeconomy in an Ageing Society
Heijdra, Ben J.; Reijnders, Laurie S. M. - CESifo - 2012
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922
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Human Capital Mobility: Implications for Efficiency, Income Distribution, and Policy
Wildasin, David E. - CESifo - 2014
Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...
Persistent link: https://www.econbiz.de/10010877955
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Repeated Selection with Heterogenous Individuals and Relative Age Effects
Dawid, Herbert; Mühlheusser, Gerd - CESifo - 2012
In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount …
Persistent link: https://www.econbiz.de/10010542014
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Ageing and Growth in the Small Open Economy
Heijdra, Ben J.; Romp, Ward E. - CESifo - 2006
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
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Optimal Education with Mobile Capital. An OLG Approach (new title: Optimal Public Education under Capital Mobility)
Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2000
education with and without capital markets integration. First, we explore how regimes of education provision - public, private …-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a … competition game where countries compete in the provision of public education. …
Persistent link: https://www.econbiz.de/10005094431
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Social Security Incentives and Human Capital Investment
Lau, Morten I.; Poutvaara, Panu - CESifo - 2001
While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals’ incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical...
Persistent link: https://www.econbiz.de/10005181353
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A Ricardian Analysis of the Impact of Climate Change on European Agriculture
Passel, Steven Van; Massetti, Emanuele; Mendelsohn, Robert - CESifo - 2014
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile...
Persistent link: https://www.econbiz.de/10010877673
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Foreign Languages and Trade
Fidrmuc, Jan; Fidrmuc, Jarko - CESifo - 2014
Cultural factors and especially common languages are well-known determinants of trade. By contrast, the knowledge of foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the main languages used in EU and candidate countries....
Persistent link: https://www.econbiz.de/10010877678
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Tax Base Erosion and Inequity from Michigan's Assessment Growth Limit: The Case of Detroit
Hodge, Timothy R.; Skidmore, Mark; Sands, Gary; … - CESifo - 2013
In this paper we examine the degree to which Michigan’s property value assessment growth cap has eroded the tax base and created substantial differences in effective tax rates among residential properties within the City of Detroit. While the analysis focuses on a specific city with...
Persistent link: https://www.econbiz.de/10010607837
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Measuring Alpha in the Fund Management Industry: Do Female Managers Perform Better?
Babalos, Vassilis; Caporale, Guglielmo Maria; … - CESifo - 2013
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences. Fund performance is evaluated against funds’ designated market indices and representative style portfolios. Consistently with previous studies, no significant differences in...
Persistent link: https://www.econbiz.de/10010667412