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Many Types of Human Capital and Many Roles in U.S. Growth: Evidence from County-Level Educational Attainment Data

Young, Andrew; Levy, Daniel; Higgins, Matthew - EconWPA - 2004

We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...

Persistent link: https://www.econbiz.de/10005126012

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

Returns to Education, Child Labor, & Schooling in India

Chamarbagwala, Rubiana - EconWPA - 2004

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

"Optimum Population -- A New Look: A Hamiltonian Approach Towards A Dynamic Analysis"

Bokhari, Farasat; McCarthy, George W. - EconWPA - 1996

The current optimum population models found in economic literature define static optimum population used in forming policy i.e. at a given instant what should be the optimum number of people in a (closed) economy. We believe that although this definition is useful, it is very limiting as far as...

Persistent link: https://www.econbiz.de/10005125782

A new paradigm of economic regulation

Svetlov, Nikolai - EconWPA - 2003

making use of endogenous nature of preferences is suggested that is aimed at eliminating risks of terminating being of a … disseminating information about admissible values of strategical commodities, allowing a society to form such preferences of its …

Persistent link: https://www.econbiz.de/10005556578

Unidimensional Voting and Multidimensional Issues: The Role of Interest Groups

Harvey S. James Jr. - EconWPA - 1996

Voting on unidimensional issues will produce equilibrium outcomes if voter preferences are single peaked. While the …

Persistent link: https://www.econbiz.de/10005556972

Preferences, Choices, and Satisfaction in a Bargaining Game

Amborino, Angela; Lanteri, Alessandro; Novarese, Marco - EconWPA - 2005

individual preferences may help predicting towards which solutions players will converge, at least in a social setting, and … instead on the final payoff and not on its relation to preferences or satisfaction, which are deemed non-measurable. On the … contrary, this work has shown that consistent data emerge by simply asking players to express preferences and satisfaction …

Persistent link: https://www.econbiz.de/10005118521

A More Realistic Endogenous Time Preference Model and the Slump in Japan

Harashima, Taiji - EconWPA - 2004

This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...

Persistent link: https://www.econbiz.de/10005076835

CIRCULAR VARIABLE WORK IN PROCESS

Vildosola, Luis - EconWPA - 2002

This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...

Persistent link: https://www.econbiz.de/10005126234

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