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We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on … should indicate declining relative schooling productivity. We find that the price of schooling increased by more than the … substantially, which suggests a constant quality of schooling output. Hence we conclude that schooling productivity has declined …
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Humankapital gilt gemeinhin als eine wesentliche Determinante von Wachstum und Entwicklung. Der empirischen Forschung fällt es derzeit allerdings nicht leicht, die quantitative Relevanz des Humankapitals für den gesamtwirtschaftlichen Entwicklungsprozess zu bestimmen. Neuere Studien bieten ein...
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This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
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