Showing 1 - 10 of 162
The purpose of this paper is to demonstrate that inherited humain capital is a powerful vector of inequality formation and persistence, irrespective of its links with financial wealth endowment. This paper argues that the agents who inherit a low level of human capital bear a greater utility...
Persistent link: https://www.econbiz.de/10010750358
schooling systems around the world. We measure this performance through pupils achievement in standardized tests. We merge all … primary education and 111 countries/areas in secondary education between 1965 and 2010 …
Persistent link: https://www.econbiz.de/10010899182
We review the economic literature on the impacts of the several dimensions of education upon intergenerational … inequality persistency. It is firstly outlined that the critical increase in the population education level in all countries has … not come with lower inequality. The basic tools of education and intergenerational mobility modelling are subsequently …
Persistent link: https://www.econbiz.de/10010899579
educational choices. Individuals decide whether to invest in additional education according to their expectations regarding future …. Then, we analyse the long-term implications of a public policy that would favour education and make it possible to select …
Persistent link: https://www.econbiz.de/10010603680
lottery question, we investigate if (and to what extent) risk aversion can explain differences in schooling attainments. We … formulate the schooling decision process as a reduced-form dynamic discrete choice. The model is estimated with a degree of … persistent unobserved (to the econometrician) heterogeneity. We present evidence that schooling attainments decrease with risk …
Persistent link: https://www.econbiz.de/10008790910
The purpose is to provide some empirical evidence for promoting new insights into the economics of education … impact on fixed earnings and flexible pay of the traditional human capital theory variables (education and experience) on the … (years of schooling, years of labour market experience) and competences substitute or complement each other in the definition …
Persistent link: https://www.econbiz.de/10008792416
lottery question, we investigate if (and to what extent) risk aversion can explain differences in schooling attainments. We … formulate the schooling decision process as a reduced-form dynamic discrete choice. The model is estimated with a degree of … unobserved (to the econometrician) heterogeneity. We present evidence that schooling attainments decrease with risk aversion, but …
Persistent link: https://www.econbiz.de/10008793102
We propose a multisector endogenous growth model incorporating social capital. Social capital only serves as input in the production of human capital and it involves a cost in terms of the final good. We show that in contrast to existing alternative specifications, this setting assures that...
Persistent link: https://www.econbiz.de/10010933921
The objective of this paper is to investigate the impacts of urbanization on human capital andeconomic growth in Africa. It seeks to contribute to the urbanization-growth debate byinvestigating how urbanization is linked to human capital accumulation and economic growth.More precisely, compared...
Persistent link: https://www.econbiz.de/10010930231
Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.
Persistent link: https://www.econbiz.de/10010898504