Showing 1 - 10 of 31
This paper studies the distributive effects of growth when different agents' income is drawn from accumulated and non-accumulated factors of production in different proportions. It also notes that political interactions may contribute to determine factor shares and growth when income sources are...
Persistent link: https://www.econbiz.de/10005791498
emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …
Persistent link: https://www.econbiz.de/10005661649
and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is … best summarized by the ratio of vocational to general education, which we interpret as a measure of the degree of … vocational education at the expense of general. …
Persistent link: https://www.econbiz.de/10005504686
The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm has ex-post monopsonistic power that drives...
Persistent link: https://www.econbiz.de/10005666579
dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …
Persistent link: https://www.econbiz.de/10005067622
Differences in the rate of population growth between developed and developing countries have potentially important implications for patterns of trade, migration, and the distribution of the gains from economic activity, both within and between nations. This paper focuses on migration-related...
Persistent link: https://www.econbiz.de/10005656465
education. First, people- and household-based effects (internal returns to education and household wage and education … externalities) generate socioeconomic incentives for people to get an education and work, which are stronger in countries with the … regional interpersonal income and educational inequality, also influence wages and education in different ways across welfare …
Persistent link: https://www.econbiz.de/10008854522
education and field of study, but this is not the case for publishing, and immigrants are more likely to start companies than … natives with similar education. Immigrants without U.S. education and who arrived at older ages suffer a wage handicap, which … offsets savings to the United States from their having completed more education abroad. Immigrants who entered with legal …
Persistent link: https://www.econbiz.de/10008468510
This paper analyses the relationship between technological progress, intergenerational earnings mobility, and economic growth. The analysis demonstrates that the interplay between technological progress and two components that determine individual earnings – parental human capital and...
Persistent link: https://www.econbiz.de/10005124238
This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent...
Persistent link: https://www.econbiz.de/10005504740