Showing 1 - 10 of 44
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
We examine linkages between aggregate household income, distribution of that income, and aggregate cross-country expenditure patterns. We are able to decompose income effects into international income dispersion effects (from variations in average income) and national income dispersion (income...
Persistent link: https://www.econbiz.de/10011338007
We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order correction term is obtained from studying the estimator of the Gini index within a measurement error framework. In addition, it reveals an intuitive formula for the remaining...
Persistent link: https://www.econbiz.de/10011377108
The inequality dataset compiled in the 1990s by the World Bank and extendedby the UN has been both widely used and strongly criticized. The criticisms raisequestions about conclusions drawn from secondary inequality datasets in general. Wedevelop techniques to deal with national and...
Persistent link: https://www.econbiz.de/10011346482
Persistent link: https://www.econbiz.de/10010191294
Europe aims at combining income growth with improvements in social cohesion as measured by income and health … growth and the income responsiveness of health. We investigate whether these conditions held in Europe in the nineties using … with income, and (ii) that income growth was not pro-rich in most EU countries, resulting in little or no reductions in …
Persistent link: https://www.econbiz.de/10011350378
Persistent link: https://www.econbiz.de/10009720711
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …, the first micro-based estimate of the effect of shocks on growth. About two-thirds of the impact of risk is due to the ex …
Persistent link: https://www.econbiz.de/10011334326
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/10011335189
firm growth, survival, size and age. While these studies have resulted in findings that aresufficiently consistent as to … therelationships between firm age and size on the one hand, and survival and growth on the other may, infact, not be the same in …. The resultssuggest that the most fundamental relationships between firm size, age, survival and growth arestrikingly …
Persistent link: https://www.econbiz.de/10010372851