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This paper defines and estimates general equilibrium treatment effects. The conventional approach in the literature on treatment effects ignores interactions among individuals induced by the policy interventions being studied. Focusing on the impact of tuition policy, and using estimates from...
Persistent link: https://www.econbiz.de/10013218411
This paper develops and estimates an overlapping generations general equilibrium model of labor earnings, skill formation and physical capital accumulation with heterogeneous human capital. The model analyzes both schooling choices and post-school on-the-job investment in skills in a framework...
Persistent link: https://www.econbiz.de/10013223876
This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in...
Persistent link: https://www.econbiz.de/10013232148
What are the sovereign rights of nations in an interdependent world, and to what extent do these rights stand in the … (Nash) world in which there exist no international agreements of any kind. And with national sovereignty characterized in … this benchmark world, we then evaluate the extent to which national sovereignty is compromised by international agreements …
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