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on education. Afterwards, I analyze how prioritarians would allocate resources in a dynamic model of skill formation and …
Persistent link: https://www.econbiz.de/10013246472
Workers acquire skills through formal schooling, through training provided by governments, and through training provided by firms. This chapter reviews, synthesizes, and augments the literature on the last of these, which has languished in recent years despite the sizable contribution of firm...
Persistent link: https://www.econbiz.de/10014261023
This paper presents novel stylized facts about the global variation in universalism, leveraging nationally representative surveys across 60 countries (N=64,000). We find large variation in universalism within and across countries, which almost entirely reflects heterogeneity in people’s moral...
Persistent link: https://www.econbiz.de/10014241312
This paper presents a new set of stylized facts about the global variation in universalism, leveraging hypothetical money allocation tasks deployed in representative samples of 64,000 people from 60 countries. Our data reveal large variation in universalism within and across countries, which...
Persistent link: https://www.econbiz.de/10014082166
measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population … and the corresponding mean years of schooling (representing the quantity of education). In contrast to the existing … elasticity of the stock of human capital with respect to the quality of education is three to four times larger than for the …
Persistent link: https://www.econbiz.de/10013290779
Decisions about admission to selective schools usually rely on performance measures. To reach a required achievement threshold students may make use of additional resources, such as private tutoring. We investigate how the use of private tutoring relates to the transition probability to an...
Persistent link: https://www.econbiz.de/10014242795
In this paper we study the quantitative macroeconomic effects of public education spending in USA for the post … education spending is justified by externalities in human capital. Our base calibration, based on moderate sized human capital … externalities, suggests that public spending on education is both growth and welfare promoting. However, given that public education …
Persistent link: https://www.econbiz.de/10013316996
show that individuals with temporary disadvantages must exert greater effort to gain access to elite education. This … education can increase expected life-time welfare for disadvantaged students …
Persistent link: https://www.econbiz.de/10013315204
Short-cycle higher education programs (SCPs) can play a central role in skill development and higher education … also collect administrative, student-level data on higher education and formal employment for SCP students in Brazil and …
Persistent link: https://www.econbiz.de/10014261687
We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world … outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to Covid-19 to be about 14% …
Persistent link: https://www.econbiz.de/10012834352