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The Economic Approach to Personality, Character and Virtue
Heckman, James J.; Galaty, Bridget; Tian, Haihan - National Bureau of Economic Research - 2023
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014287358
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Innovation, Imitation, and Intellectual Property Rights
Helpman, Elhanan - 1992
analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …
Persistent link: https://www.econbiz.de/10012474898
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Insurance, redistribution, and the inequality of lifetime income
Haan, Peter; Kemptner, Daniel; Prowse, Victoria - 2017
In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing lifetime earnings between individuals with different skill endowments and by providing individuals with insurance against lifetime earnings risk. Based on a dynamic life-cycle...
Persistent link: https://www.econbiz.de/10011780780
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Intellectual Property Rights, the Pool of Knowledge, and Innovation
Stiglitz, Joseph E. - 2014
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …
Persistent link: https://www.econbiz.de/10012458650
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Regional patterns of intangible capital, agglomeration effects and localised spillovers in Germany
Geppert, Kurt; Neumann, Anne - 2011
substan-tial net advantages of agglomeration have more to do with broad knowledge and diversity than with regional clustering …
Persistent link: https://www.econbiz.de/10009426700
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Multidimensional Human Capital and the Wage Structure
Deming, David J. - National Bureau of Economic Research - 2023
This paper reviews and synthesizes the literature on the macroeconomic implications of human capital theory. I begin with a review of the canonical model of education and the wage structure pioneered by Tinbergen (1975) and developed more fully by Goldin and Katz (2007). I also review...
Persistent link: https://www.econbiz.de/10014247921
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Instrumental Variables with Unordered Treatments : Theory and Evidence from Returns to Fields of Study
Heinesen, Eskil; Hvid, Christian; Kirkebøen, Lars J.; … - National Bureau of Economic Research - 2022
We revisit the identification argument of Kirkeboen et al. (2016) who showed how one may combine instruments for multiple unordered treatments with information about individuals' ranking of these treatments to achieve identification while allowing for both observed and unobserved heterogeneity...
Persistent link: https://www.econbiz.de/10013435136
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Labor Supply and Occupational Choice
Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2022
We document a robust negative relationship between mean annual hours in an occupation and the dispersion of annual hours within that occupation. We study a unified model of occupational choice and labor supply that features heterogeneity across occupations in the return to working additional...
Persistent link: https://www.econbiz.de/10013388848
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Industrial Clusters in the Long Run : Evidence from Million-Rouble Plants in China
Heblich, Stephan; Seror, Marlon; Xu, Hao; Zylberberg, Yanos - National Bureau of Economic Research - 2022
We identify negative spillovers exerted by large, successful manufacturing plants on other local production facilities in China. A short-lived alliance between the U.S.S.R. and China led to the construction of 150 "Million-Rouble plants" in the 1950s. Our identification strategy exploits the...
Persistent link: https://www.econbiz.de/10013477236
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Risk Management and the Autonomy of Labor
Dambaur, Andreas J.; Ericson, Keith M. Marzilli; … - National Bureau of Economic Research - 2022
Foresightful workers can take actions to reduce their exposure to risk in labor markets, but existing evidence on narrow bracketing suggests that individuals might not optimally integrate risk reduction decisions with subsequent labor decisions. In an online labor market, we vary the level of...
Persistent link: https://www.econbiz.de/10013477286