Showing 1 - 10 of 153
The current research emphasis on institutions as key determinants of economic performance, rather than on resources and resource productivity, has uncovered important questions for further research. For example, if institutions are central to economic performance, then what explains observed...
Persistent link: https://www.econbiz.de/10005125631
Institutions either promote or constrain economic performance, but which parts of institutions advance or restrict performance, and why do economies sharing similar institutions sometimes perform differently? This paper is a modest attempt at addressing a small part of these questions. It...
Persistent link: https://www.econbiz.de/10005125690
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
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
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
Parental education is found to have a strong positive effect on propensity to enroll in and complete secondary and … tertiary education, both in Soviet times and during transition, but mother’s education effect have been weakening. A human … significant after controlling for parental education. In Estonia and Latvia, ethnic gap in secondary enrollment reinforces …
Persistent link: https://www.econbiz.de/10005556778
This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005118791
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