-2050 suggest that labour quality growth will slow down with time. We also calculate a quality-adjusted unemployment rate and find … that the unemployment rate is reduced by about 0.3 pp when human capital accumulation is taken into account. …

When unemployment prevails, relations with a particular firm are valuable for workers. As a consequence, a worker may … firms. Our results thus suggest that unemployment is not a necessary device to motivate workers. We also discuss how market … characterized by unemployment. Surprisingly though, this does not compromise market performance. …

When unemployment prevails, relations with a particular firm are valuable for workers. As a consequence, a worker may … firms. Our results thus suggest that unemployment is not a necessary device to motivate workers. We also discuss how market … characterized by unemployment. Surprisingly though, this does not compromise market performance. …

-2050 suggest that labour quality growth will slow down with time. We also calculate a quality-adjusted unemployment rate and find … that the unemployment rate is reduced by about 0.3 pp when human capital accumulation is taken into account. …

my instruments are significant predictors of mortality and are otherwise excludable to institutions. Among other things … mortality strongly affected institutions in former colonies, yet it had no effect on institutions in the rest of the world. This … variable estimations, I show that also the relation between institutions and income is highly significant and that the …

endowments and institutions on income by utilizing the interaction of geography and colonial experience. I first document that … rest of the world. Second, I develop an empirical strategy that identifies the relation between institutions and income but … that also accounts for the direct effect of endowments. I find that institutions are the main determinant of development …