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Education, Lack of Complementary Investment and Underemployment in an Open Economy
Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021
complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …
Persistent link: https://www.econbiz.de/10013213779
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Dynamic Mergers Effects on R&D Investments and Drug Development Across Research Phases in the Pharmaceutical Industry
Siebert, Ralph - 2020
sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the … approvals turns out to be positive. M&As can be an effective instrument for firms to acquire drug development knowledge and …
Persistent link: https://www.econbiz.de/10012833741
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Return, Circular, and Onward Migration Decisions in a Knowledge Society
Constant, Amelie F. - 2019
knowledge economy and the international race for talent, it presents the relevant theories and concepts of migration in the …
Persistent link: https://www.econbiz.de/10012860365
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Distribution and Use of Knowledge Under the 'Laws of the Web'
Falkinger, Josef - 2021
mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of … technology affect the use of knowledge, and it then describes the characteristics of an optimal ranking scheme. The analysis is … carried out using a model in which agents' productivity is based on the stock of knowledge used. The value of a piece of …
Persistent link: https://www.econbiz.de/10013316668
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Insuring educational risk: opportunities versus income
Schindler, Dirk; Weigert, Benjamin - 2008
We develop a model of education where individuals face educational risk. Successfully entering the skilled labor sector depends on individual effort in education and public resources, but educational risk still causes (income) inequality. We show that an optimal public policy consists of...
Persistent link: https://www.econbiz.de/10010264398
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Educational and wage risk: social insurance vs. quality of education
Schindler, Dirk; Weigert, Benjamin - 2008
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10010264529
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Optimal taxation of risky human capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009
In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against incentives to work and to invest in human capital....
Persistent link: https://www.econbiz.de/10010264542
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Shutting the stable door after the horse has bolted? On educational risk and the quality of education
Schindler, Dirk; Weigert, Benjamin - 2011
We analyze whether a redistributive government should provide ex ante insurance against unfortunate outcomes or whether it should instead rely on transfers for redistributing income ex post. To this end, we develop a model of education in which individuals face educational risk and wage...
Persistent link: https://www.econbiz.de/10010274838
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Catalysts for social insurance: Education subsidies vs. real capital taxation
Schindler, Dirk; Yang, Hongyan - 2010
investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is …
Persistent link: https://www.econbiz.de/10010274987
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The Effects of Graduating from High School in a Recession : College Investments, Skill Formation, and Labor-Market Outcomes
Hampf, Franziska - 2020
We investigate the short- and long-term effects of economic conditions at high-school graduation as a source of exogenous variation in the labor-market opportunities of potential college entrants. Exploiting business cycle fluctuations across birth cohorts for 28 developed countries, we find...
Persistent link: https://www.econbiz.de/10012834990