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of worker. Our analysis reveals that the effects of a liberalization on human capital accumulation, income and inequality … 20 percent in the shortrun, and by more than 55 percent after 50 years. The world average index of inequality decreases … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010235847
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010533072
By merging individual data on valuable patents granted in Prussia in the late nineteenth century with county level information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers ́productivity but also accelerated innovative...
Persistent link: https://www.econbiz.de/10009792180
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …
Persistent link: https://www.econbiz.de/10011602763
growth model with endogenous fertility. I show how refugee resettlement from a more advanced and wealthier economy to a less … economic growth in both economies. …
Persistent link: https://www.econbiz.de/10011814840
workers. Yet, the growing finance wage premium is unrelated to sectoral or aggregate growth, to countries' innovative capacity … economic growth. …
Persistent link: https://www.econbiz.de/10011794229
-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014383297
attainment and cognitive skills. Similar results emerge from growth accounting analyses. …
Persistent link: https://www.econbiz.de/10011283829
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly...
Persistent link: https://www.econbiz.de/10011309633
This article analyzes the effect of population sorting on economic growth. The analysis is performed in a two …-region growth model with endogenous fertility, in which public knowledge spillovers from the more advanced core into children …
Persistent link: https://www.econbiz.de/10012628761