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The Quantity and Quality of Teachers : A Dynamic Trade-Off

Gilpin, Gregory; Kaganovich, Michael - 2021

We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model … student while being bound by teachers' collective bargaining agreement which equalizes teacher pay. Our model features two … stages of education: basic and advanced (college), the latter being required of teachers. The cost of hiring teachers is …

Persistent link: https://www.econbiz.de/10013316411

Schooling, Cognitive Skills, and the Latin American Growth Puzzle

Hanushek, Eric A. - 2009

Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

Persistent link: https://www.econbiz.de/10013158651

Measurement Error in Education and Growth Regressions

Portela, Miguel - 2008

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

Persistent link: https://www.econbiz.de/10012774497

Real Options and Human Capital Investment

Jacobs, Bas - 2007

This paper extends the standard human capital model with real options. Real options influence investment behavior when risky investments in human capital are irreversible and individuals can affect the timing of the investment. Option values make individuals more reluctant to invest in human...

Persistent link: https://www.econbiz.de/10012776903

Push or Pull? An Empirical Analysis of the Demand for Individual Project Grants from the Swiss National Science Foundation

Wolter, Stefan C. - 2007

This study empirically analyses, on the basis of a panel of grant requests to the Swiss National Science Foundation (SNSF), to what extent the growth of the tertiary education system has contributed to the rapid rise in applications for research grants during the past several years and whether...

Persistent link: https://www.econbiz.de/10012777134

Human Capital and the Feldstein-Horioka Puzzle

Katsimi, Margarita - 2007

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change

Persistent link: https://www.econbiz.de/10012777642

The Role of School Improvement in Economic Development

Hanushek, Eric A. - 2007

The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic wellbeing, with a particular focus on the...

Persistent link: https://www.econbiz.de/10012777643

Age at School Entry and Intergenerational Educational Mobility

Bauer, Philipp - 2009

We use Swiss data to test whether intergenerational educational mobility is affected by the age at which children first enter (primary) school. Early age at school entry significantly affects mobility and reduces the relative advantage of children of better educated parents

Persistent link: https://www.econbiz.de/10012764966

Optimal Taxation of Risky Human Capital

Jacobs, Bas - 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/10012765194

Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Hanushek, Eric A. - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10012765255