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explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital …
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Persistent link: https://www.econbiz.de/10003530345
Persistent link: https://www.econbiz.de/10013422829
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...
Persistent link: https://www.econbiz.de/10013056591
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10013071520
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...
Persistent link: https://www.econbiz.de/10013006662
This paper revisits and critically reevaluates the widely-accepted modernization hypothesis which claims that per capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this hypothesis because they fail to control for the presence of...
Persistent link: https://www.econbiz.de/10013224429
innovation—in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though … US energy sector. The model's quantitative implications match a range of moments not targeted in the estimation quite …
Persistent link: https://www.econbiz.de/10013031480
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labor markets underlying this...
Persistent link: https://www.econbiz.de/10013246651