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Specifying human capital : a review, some extensions, and development effects
Woessmann, Ludger - 2000
, misspecifies the relationship between education and the stock of human capital. Based on human capital theory, the specification of … of education. Cross-country differences in qualityadjusted human capital can account for about half the world …
Persistent link: https://www.econbiz.de/10011473489
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Persistence in the market risk premium : evidence across countries
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2020
This paper provides evidence on the degree of persistence of one of the key components of the CAPM, namely the market risk premium, as well as its volatility. The analysis applies fractional integration methods to data for the US, Germany and Japan, and for robustness purposes considers...
Persistent link: https://www.econbiz.de/10012199998
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The golden hello and political transitions
Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009630635
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Measuring persistence of the world population : a fractional integration approach
Caporale, Guglielmo Maria; Infante, Juan; Rio, Marta del; … - 2023
world population over the period 1800-2016. The analysis is carried out for the original series, and also for its log …
Persistent link: https://www.econbiz.de/10013550205
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Which school systems sort weaker students into smaller classes? : international evidence
West, Martin R.; Woessmann, Ludger - 2003
We examine whether the sorting of differently achieving students into differently sized classes results in a regressive or compensatory pattern of class sizes for a sample of national school systems. Sorting effects are identified by subtracting the causal effect of class size on performance...
Persistent link: https://www.econbiz.de/10011509528
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What accounts for international differences in student performance? : a re-examination using PISA data
Fuchs, Thomas; Woessmann, Ludger - 2004
We use the PISA student-level achievement database to estimate international education production functions. Student characteristics, family backgrounds, home inputs, resources, teachers and institutions are all significantly related to math, science and reading achievement. Our models account...
Persistent link: https://www.econbiz.de/10011449993
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Dualism and cross-country growth regressions
Temple, Jonathan; Woessmann, Ludger - 2004
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
Persistent link: https://www.econbiz.de/10011451098
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Second thoughts on development accounting
Gundlach, Erich; Rudman, Desmond; Woessmann, Ludger - 1998
We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have...
Persistent link: https://www.econbiz.de/10011472182
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New evidence on the missing resource-performance link in education
Woessmann, Ludger - 2001
New evidence confirms the conclusion of former surveys that the link between school resources and student performance is generally missing in educational production. While the conventional within-country cross-section evidence remains controversial, recent contributions which control for...
Persistent link: https://www.econbiz.de/10011473860
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Class-size effects in school systems around the world : evidence from between-grade variation in TIMSS
Woessmann, Ludger; West, Martin R. - 2002
We employ a combination of school fixed effects and IV estimation to estimate the effect of class size on student performance in 18 countries. Using the random part of the class-size variation between two adjacent grades within individual schools allows us to identify causal class-size effects....
Persistent link: https://www.econbiz.de/10011474710