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The Rise in Returns to Education and the Decline in Household Savings
Chanda, Areendam - EconWPA - 2005
the past two decades, the return to college education has increased relative to high school education leading economists … negative relationship between returns to education and savings rates across most of the past century and also a negative … relationship between education spending and savings rates across OECD countries. In this paper, we present a model where a …
Persistent link: https://www.econbiz.de/10005076792
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Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
Jones, Garett; Schneider, W. Joel - EconWPA - 2005
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
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Sustainability of the Slovenian Pension System: An Analysis with an Overlapping-generations General Equilibrium Model
Verbic, Miroslav; Majcen, Boris; Nieuwkoop, Renger van - EconWPA - 2005
The article presents an analysis of welfare effects in Slovenia, an analysis of macroeconomic effects of the Slovenian …
Persistent link: https://www.econbiz.de/10005125636
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Wage and Income Inequality in Slovenia, 1993-2002
Stanovnik, Tine; Verbic, Miroslav - EconWPA - 2005
This paper analyses the dynamics of wage and income inequality in Slovenia from 1993 to 2002, using two different data …
Persistent link: https://www.econbiz.de/10005125991
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A Quarterly Econometric Model of the Slovenian Economy
Verbic, Miroslav - EconWPA - 2005
The article represents a construction of a quarterly econometric model of the Slovenian economy and an analysis of fundamental relationships of the Slovenian economy. For this purpose we formed a system of identities, consistent with the national accounts, and of stochastic equations, consistent...
Persistent link: https://www.econbiz.de/10005556377
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Perception of Income Satisfaction: An Analysis of Slovenian Households
Stanovnik, Tine; Verbic, Miroslav - EconWPA - 2004
Three comparable cross-section household datasets, relating to 1988, 1993 and 1997-1999 are used to analyse income satisfaction in Slovenian households. The ordered probit model is used to estimate the effects of ‘objective’ variables, such as actual disposable household income and household...
Persistent link: https://www.econbiz.de/10005561525
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An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy
Harashima, Taiji - EconWPA - 2005
The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...
Persistent link: https://www.econbiz.de/10005126406
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'Divergent Equilibrium in a Labor-Managed Economy: A Rejoinder,' (1991). Economic Analysis and Workers' Management, Vol. XXV, No. 2, pp.303-5.
Bogetic, Zeljko - EconWPA - 2005
Reply to professor Vanek's comment on Bogetic's paper in the same issue of the Economic Analysis and Workers' Management.
Persistent link: https://www.econbiz.de/10005077059
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A General Equilibrium Analysis of the Demand for Money
Rodríguez, Carlos A. - EconWPA - 2004
A model of capital service is constructed on stylized consumer behaviour and the total quantity of financial resources. The demand for money becomes a function of the wage rate under agreement as well as interests rates and overall economic activity.
Persistent link: https://www.econbiz.de/10005125610
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Computing Equilibria in Finance Economies
Herings, P.J.J.; Kubler, F. - EconWPA - 2001
Persistent link: https://www.econbiz.de/10005125623