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Econometric simulations provide no evidence that families in West Virginia encouraged sons to drop out of high school in order to earn income as coal miners, at the net expense of later income that they would have earned with more education. Estimates of the typical family's subjective rate of...
Persistent link: https://www.econbiz.de/10005125817
Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this …
Persistent link: https://www.econbiz.de/10005407739
principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by … and the quality of the worker-firm-match. Agents face the risk of losing their job and, while unemployed, are offered jobs … contract, periods of unemployment are characterised by declining benefits. Agents are further punished for long unemployment by …
Persistent link: https://www.econbiz.de/10005408328
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
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
En los últimos años, se han realizado diversos estudios a nivel mundial utilizando el modelo de crecimiento y convergencia económica, a través de países y de regiones. Para el caso de México, hasta la segunda mitad de los noventas comienza el análisis empírico de la convergencia...
Persistent link: https://www.econbiz.de/10005556248
From 1940 to 1990, a 10 percent increase in a metrpolitan area’s concentration of college-educated residents was associated with a .6 percent increase in subsequent employment growth. Using data on growth in wages and house values, I attempt to distinguish between explanations for this...
Persistent link: https://www.econbiz.de/10005118988
I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of …
Persistent link: https://www.econbiz.de/10005119102
productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that …
Persistent link: https://www.econbiz.de/10005125046