Showing 1 - 10 of 49
This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 … are more dispersed in the Netherlands. In both countries, we observe non-linearities in the productivity effects of …
Persistent link: https://www.econbiz.de/10011256679
market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close …-to-reality-model. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … groups of migrating and local human capital, their interaction and joint impact on local productivity, and (2) to cross …
Persistent link: https://www.econbiz.de/10011257327
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that...
Persistent link: https://www.econbiz.de/10011256522
We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some students with socia1lyprofitable investments in human capita1...
Persistent link: https://www.econbiz.de/10011256826
Concentration of immigrants and its associated externalities have become an important topic in contemporary international migration research, both from a methodological as well as an empirical perspective. The purpose of this paper is twofold. First, it aims to provide an overview of that part...
Persistent link: https://www.econbiz.de/10011256838
I apply Ricardo’s principle of comparative advantage to a theory of factor substitutability in a model with a continuum of worker and job types. Highly skilled workers have a comparative advantage in complex jobs. The model satisfies the distance‐dependent elasticity of substitution (DIDES)...
Persistent link: https://www.econbiz.de/10011256847
,workers' remuneration depends on their individual productivity, which is itself a function ofexperience, education and skill levels, and …
Persistent link: https://www.econbiz.de/10011257024
This paper enters the debate on the islands of innovation through the lens of the standard Lucas (1988) growth model. It begins with a review of the theoretical details of the model and of the ensuing main empirical results, which can be identified when estimating such model on a sample of 261...
Persistent link: https://www.econbiz.de/10011257138
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the …
Persistent link: https://www.econbiz.de/10011257158
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10011257273