Showing 1 - 7 of 7
This paper examines spillover effects from education at the firm level, separating the effects for different levels and types of education and allowing for a curvilinear relationship. Modeling a Cobb-Douglas production function, we show that wages of tertiary-educated workers depend positively...
Persistent link: https://www.econbiz.de/10009224867
Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...
Persistent link: https://www.econbiz.de/10005407739
This chapter analyzes the effects of an aging population on individual skill choices and the production structure by means of a dynamic general equilibrium model with overlapping generations and probabilistic aging. The model allows for capital-skill complementarity, which strongly affects the...
Persistent link: https://www.econbiz.de/10005408449
In an environment where children's time has an economic value and employment opportunities for educated workers are scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We offer evidence that children's participation in child...
Persistent link: https://www.econbiz.de/10005556051
Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average income with all but undergraduate level of...
Persistent link: https://www.econbiz.de/10005556770
steadily revised training curricula. We expect that this additional source of knowledge leads to higher innovation in training … dependent variable innovativeness is operationalized with four different measures: general innovation, product innovation …, process innovation and patent applications. As explanatory variable we use regulated apprenticeship training programs with …
Persistent link: https://www.econbiz.de/10011183300
Persistent link: https://www.econbiz.de/10012262165