Showing 1 - 10 of 11
This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. Aset of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …
Persistent link: https://www.econbiz.de/10005766081
Using data from the 1997 Skills Survey of the Employed British Workforce, we examine the returns to computer skills in Britain. Many researchers, using information on computer use, have concluded that wage differentials between computer users and non-users might, among others, be due to...
Persistent link: https://www.econbiz.de/10010734849
This paper uses a particular school exit rule previously in effect in England and Wales that allowed students born within the first five months of the academic year to leave school one term earlier than those born later in the year. Focusing on women, we show that those who were required to stay...
Persistent link: https://www.econbiz.de/10008572507
Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …
Persistent link: https://www.econbiz.de/10011103402
This research develops a theory and presents empirical evidence of a link between economicoutcomes and genetic evolution. Important properties for successful analysis of such a link arefound in the adaptive immune system and particularly in the major histocompatibilitycomplex (MHC), a...
Persistent link: https://www.econbiz.de/10011165170
The model developed in this paper explains differences in the division of labour across firmsas a result of computer technology adoption. We find that changes in the division of labourcan result both from reduced production time and from improved communicationpossibilities. The first shifts the...
Persistent link: https://www.econbiz.de/10011199157
In many Western countries, the relative weight of people – measured by the Body Mass Index (BMI) – has increased substantially in recent years, leading to an increasing incidence of overweight and related health problems. As with many forms of risky behavior, it is plausible that overweight...
Persistent link: https://www.econbiz.de/10011199162
In this paper, we develop an allocation model of workers differentiated by their field of study to test whether international differences in the wage structure can be explained by differences in labor demand and supply in each country. The model explicitly takes into account the effects of...
Persistent link: https://www.econbiz.de/10011199168
This paper models the impact of the diffusion of computers on the wage structure, starting from the observation that computer use increases individual productivity, but also the supply of goods. This latter effect negatively affects workers producing similar goods. If the productivity gain is...
Persistent link: https://www.econbiz.de/10011200256
Despite indications that interpersonal interactions are important for understanding individual labor-market outcomes and have become more important over the last decades, there is little analysis by economists. This paper shows that interpersonal interactions are important determinants of...
Persistent link: https://www.econbiz.de/10011202135