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Competition, innovation and growth with limited commitment

Marimon, Ramon; Quadrini, Vincenzo - Department of Economics and Business, Universitat … - 2005

We study how barriers to business start-up affect the investment in knowledge capital when contracts are not … enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the … incentive to accumulate knowledge. As a result, countries with large barriers experience lower income and growth. Our results …

Persistent link: https://www.econbiz.de/10005704976

Competing engines of growth: Innovation and standardization

Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 2010

We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are …

Persistent link: https://www.econbiz.de/10010849616

Improving college access and success for low-income students: Evidence from a large need-based grant program

Fack, Gabrielle; Grenet, Julien - Department of Economics and Business, Universitat … - 2013

Using comprehensive administrative data on France's single largest financial aid program, this paper provides new evidence on the impact of large-scale need-based grant programs on the college enrollment decisions, persistence and graduation rates of low-income students. We exploit sharp...

Persistent link: https://www.econbiz.de/10010929586

Heterogeneity, selection and labor market disparities

Bonfiglioli, Alessandra; Gancia, Gino - Department of Economics and Business, Universitat … - 2013

We study the incentives to improve ability in a model where heterogeneous firms and workers interact in a labor market characterized by matching frictions and costly screening. When effort in improving ability raises both the mean and the variance of the resulting ability distribution, multiple...

Persistent link: https://www.econbiz.de/10011250933

Money, fame and the allocation of talent: Brain drain and the institution of science

Jeon, Doh-Shin; Menicucci, Domenico - Department of Economics and Business, Universitat … - 2005

The earning structure in science is known to be flat relative to the one in the private sector, which could cause a brain drain toward the private sector. In this paper, we assume that agents value both money and fame and study the role of the institution of science in the allocation of talent...

Persistent link: https://www.econbiz.de/10005015540

Skill-biased technological change and the business cycle

Balleer, Almut; Rens, Thijs van - Department of Economics and Business, Universitat … - 2008

Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....

Persistent link: https://www.econbiz.de/10004969342

Nonparametric bounds on the returns to language skills

González, Libertad - Department of Economics and Business, Universitat … - 2003

This paper applies the theoretical literature on nonparametric bounds on treatment effects to the estimation of how limited English proficiency (LEP) affects wages and employment opportunities for Hispanic workers in the United States. I analyze the identifying power of several weak assumptions...

Persistent link: https://www.econbiz.de/10005704845

Education, growth and income inequality

Teuling, Coen; Rens, Thijs van - Department of Economics and Business, Universitat … - 2001

Estimates of the e¤ect of education on GDP (the social return to education)have been hard to reconcile with micro evidence on the private return. We present a simple explanation that combines two ideas: imperfect substitution between worker types and endogenous skill biased technological...

Persistent link: https://www.econbiz.de/10005704916

The gender bias and children's work: Spain, Latin America and Developing countries in a long run comparative perspective

Camps, Enriqueta - Department of Economics and Business, Universitat … - 2005

In this paper we compare several historical scenarios very different one to each other both in institutional and geographical terms. What they have in common is the situation of relative poverty of most of the population. On the one part we are dealing with historical industrializing Catalonia...

Persistent link: https://www.econbiz.de/10005704932

Equilibrium unemployment insurance

Hassler, John; Mora, José V. Rodríguez; Storesletten, … - Department of Economics and Business, Universitat … - 1998

In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical rational agents, but differing in the initial distribution...

Persistent link: https://www.econbiz.de/10005704937