This paper examines the welfare implications associated with different degrees of diversity or similarity between … populations, everyone ends up in the country with the highest initial level of human capital. Welfare under any of the equilibrium …. In addition, trade and migration are not equivalent if social capital is present: the highest welfare is obtained with …

that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …

native and foreign STEM graduates have statistically significant and economically large effects on innovation. Together these … results suggest that policies that increase the stocks of both foreign and native STEM graduates increase innovation and …

This paper examines how productivity effects of human capital and innovation vary at different points of the …-skilled employees and industries in Germany by a more unequal distribution of human capital intensity. Except for low-technology … manufacturing, average innovation performance is higher in all industries in Germany and the innovation performance distributions …

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …