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Divergence in labour force growth : should wages and prices grow faster in Germany?

Beissinger, Thomas; Hellier, Joël; Marczak, Martyna - 2020

We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … the case of Germany, which has displayed a significantly lower increase in its labour force than its trade partners … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …

Persistent link: https://www.econbiz.de/10012255659

Human capital quality and aggregate income differences : development accounting for US states

Hanushek, Eric Alan; Ruhose, Jens; Woessmann, Ludger - 2015

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

Persistent link: https://www.econbiz.de/10011288586

Tertiary education and prosperity : catholic missionaries to luminosity in India

Castelló-Climent, Amparo; Chaudhary, Latika; … - 2015

This paper estimates the causal impact of tertiary education on luminosity across Indian districts. We address the potential endogeneity of tertiary education using the location of Catholic missionaries in 1911 as an instrument for current tertiary education. We find Catholic missionaries have a...

Persistent link: https://www.econbiz.de/10011375978

Public expenditure, demography and growth : theory and evidence from India

Pranab Kumar Das; Kar, Saibal - 2016

Many countries in the developed world are ageing in terms of their distribution of population. Conversely, a number of countries in the south have younger population. India for example, has 60% of its population in the age group of 15-59, with the mean age close to 27 years as of present times....

Persistent link: https://www.econbiz.de/10011452232

Technology-skill complementarity in the early phase of industrialization

Franck, Raphaël; Galor, Oded - 2016

The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that, in contrast to conventional wisdom that views early industrialization as a predominantly...

Persistent link: https://www.econbiz.de/10011452726

Money counts, but so does timing : public investment and adult competencies

Cathles, Alison; Ritzen, Jozef M. M. - 2017

Numeracy skills of adults within and across 12 different countries in 2011 are strongly associated with the accumulated public investments in education received by these adults during their schooling. This paper confirms existing evidence that the timing of educational investments is important,...

Persistent link: https://www.econbiz.de/10011613140

Was higher education a major channel through which the US became an economic superpower in the 20th century?

Cook, Adam; Ehrlich, Isaac - 2018

This paper offers a thesis for why the US overtook the UK and other European countries in the 20th century in both aggregate and per capita GDP as a case study of recent models of endogenous growth, where "human capital" is the engine of growth. By human capital we mean an intangible asset, best...

Persistent link: https://www.econbiz.de/10011881092

Flowers of evil? : industrialization and long run development

Franck, Raphaël; Galor, Oded - 2018

This research explores the effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, the study establishes that while the adoption of industrial technology was conducive to economic...

Persistent link: https://www.econbiz.de/10011886975

Human capital as engine of growth : the role of knowledge transfers in promoting balanced growth within and across countries

Ehrlich, Isaac; Pei, Yun - 2020

Unlike physical capital, human capital has both embodied and disembodied dimensions. It can be perceived of as skill and acquired knowledge, but also as knowledge spillover effects between overlapping generations and across different skill groups within and across countries. We illustrate the...

Persistent link: https://www.econbiz.de/10012201031

The accumulation of human and market capital in the United States: the long view, 1948-2013

Fraumeni, Barbara M.; Christian, Michael S.; Samuels, Jon D. - 2020

Over the 1948-2013 period, many factors significantly impacted on human capital, which in turn affected economic growth in the United States. This chapter analyzes these factors within a complete national income accounting system which integrates Jorgenson-Fraumeni human capital into the...

Persistent link: https://www.econbiz.de/10012213777

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