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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
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 labor and schooling responds to economic returns to education in India …, which suggests implementing policies that raise the economic benefits of education - such as creating more high-skilled jobs …
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 … income with all but undergraduate level of education. However, random effects and matching models suggest that entrepreneurs … have lower incomes. We also analyze those who changed careers. Those with higher level of education are more likely to …
Persistent link: https://www.econbiz.de/10005556770
wages. We find that the training rate of workers just above 40 is about 15-20 percent higher than the training rate of …
Persistent link: https://www.econbiz.de/10005125714
different productivities or skills, are employed by firms offering wages that depend both on the agents’ individual skill level …I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a … with different match qualities. No search effort by the agent is needed to receive offers. Individual productivity declines …
Persistent link: https://www.econbiz.de/10005408328
. Following the loss of a job and during unemployment, an agent’s productivity declines. Using micro data, I estimate the …
Persistent link: https://www.econbiz.de/10005119102
Economic liberalization has induced a new dynamics on wage setting and employment on Mexican labor market. These changes have been caused by two related events: productive restructuring and increasing labor market flexibility. To the extent that productive restructuring has implied significant...
Persistent link: https://www.econbiz.de/10005556062
productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that … the frequently obtained conclusion that investments in higher education are too low are doubtful. The tests also show the … importance of further education and training, especially on-the-job training. …
Persistent link: https://www.econbiz.de/10005125046
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
This paper briefly summarizes and discusses that type of new growth models which are based on externalities created by investments in human capital. ***** TURKCE OZET: Bu makalede, yeni/içsel buyume modellerinin beseri sermayeye dayali turlerini ozetlemekte ve degerlendirmektedir. [Calisma...
Persistent link: https://www.econbiz.de/10005556042