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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
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Wages, skills, and skill-biased technical change : the canonical model revisited
Bowlus, Audra J.; Lochner, Lance; Robinson, Chris; … - 2021
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10012599109
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Life in shackles? : the quantitative implications of reforming the educational loan system
Heijdra, Ben J.; Kindermann, Fabian; Reijnders, Laurie S. M. - 2014
administers educational loans. Individuals are heterogeneous in their talent for education and ability to learn on the job and …
Persistent link: https://www.econbiz.de/10010418274
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Opportunity and inequality across generations
Koeniger, Winfried; Zanella, Carlo - 2020
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012166025
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Automation, growth, and factor shares in the era of population aging
Irmen, Andreas - 2021
How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...
Persistent link: https://www.econbiz.de/10012597831
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Longevity shocks with age-dependent productivity growth
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2015
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education …
Persistent link: https://www.econbiz.de/10010528342
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The complementary between technology and human capital in the early phase of industrialization
Franck, Raphaël; Galor, Oded - 2015 - This Version: July 21st, 2015
capital formation, generating broad increases in literacy rates and education attainment. …
Persistent link: https://www.econbiz.de/10011309633
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Firm-level human capital and innovation : evidence from China
Sun, Xiuli; Li, Haizheng; Ghosal, Vivek - 2017
include skilled human capital (number of highly educated workers), general manager’s education and tenure, and management team …'s education and age. We find that skilled human capital has a significant positive effect on firms' innovation, while the … role in firm innovation in metropolitan cities, while it is the General Manager's education that has a positive and …
Persistent link: https://www.econbiz.de/10011615502
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Optimal education with mobile capital : An OLG approach
Viaene, Jean-Marie; Zilcha, Itzhak - 2000
education with and without capital markets integration. First, we explore how regimes of education provision - public, private …-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a … competition game where countries compete in the provision of public education. …
Persistent link: https://www.econbiz.de/10009781565
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Optimal taxation of robots
Thuemmel, Uwe - 2018
I study the optimal taxation of robots and labor income. In the model, robots substitute for routine labor and complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized. The robot tax exploits general-equilibrium effects to...
Persistent link: https://www.econbiz.de/10011926330