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I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by different productivities or skills, are employed by firms...
Persistent link: https://www.econbiz.de/10005408328
In this paper, I study industry-university relations in a principal- agent framework. Following the existing literature, these relations are interpreted in two ways: (1) as occurring through spillovers of knowledge among different groups of researchers, working for different institutional...
Persistent link: https://www.econbiz.de/10005561799
). Domestic investments should be from Domestic Savings. Domestic Technology should be manned by Domestic Manpower. These could …
Persistent link: https://www.econbiz.de/10005408439
This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It...
Persistent link: https://www.econbiz.de/10005125046
infrastructures that were supposed to enhance human capital formation. Since infrastructural and superstructural aspects of … institutions are competitive rather than complementary, the Nelson- Phelps channel for transmitting external technology into …
Persistent link: https://www.econbiz.de/10005125631
capital, infrastructures that aid human capital formation (schools, hospitals, and the like) are inadequate, so that even when … the local superstructure is generally accepting of external technology, the impact of human capital on performance remains … weakens the Nelson-Phelps channel for transmitting external technology into USNAEs. One obvious policy implication is to …
Persistent link: https://www.econbiz.de/10005125690
The paper proposes an alternative methodology for testing signalling hypothesis based on chances to get a job in a particular class of the job market. The individuals are ranked and matched by an external mechanism, based on preferences of employers in respect to actual observable and perceived...
Persistent link: https://www.econbiz.de/10005125815
This is a theoretical study of human-capital formation, where parental, as well as public investments are essential …
Persistent link: https://www.econbiz.de/10005125917
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
Two alternative models of parental investments in children's human capital are considered and tested empirically using the Indonesian Family Life Survey (IFLS). The pure loan model and the reciprocity with two-sided altruism model yield different predictions about the effect of children's...
Persistent link: https://www.econbiz.de/10005408378