Showing 1 - 10 of 175
We study the effects of genetic endowments on inequalities in education, income, and health. Specifically, we conduct … wages for each additional year of education obtained in a US sample. Thus, the implications of genetic endowments are … malleable, for example, via policies targeting education. …
Persistent link: https://www.econbiz.de/10012264989
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the …-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
Persistent link: https://www.econbiz.de/10011325967
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10011378332
Persistent link: https://www.econbiz.de/10010191380
method to decompose Income Satisfaction Inequality according to the contributions from variables such as income, education …In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to … analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a …
Persistent link: https://www.econbiz.de/10011326418
serve as collateral. Under fixed land supply, house prices rise in real terms. The combination of growing wage inequality …
Persistent link: https://www.econbiz.de/10011295717
well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …
Persistent link: https://www.econbiz.de/10011379637
the leading principle of the Dutch education system since the beginning of the 20th century. Based on panel data for the … Netherlands we show that there is a relation between competition and student achievement in upper secondary education, but that it …
Persistent link: https://www.econbiz.de/10011377312
Education is argued to be an important driver of the decision to start a business. The measurement of its influence … US. Theeffect of education on the decision to become self-employed is found to be strongly positive,much higher than the … estimated effect in case no instrumental variables are used. That is, thehigher the respondent's level of education, the greater …
Persistent link: https://www.econbiz.de/10011379198
We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...
Persistent link: https://www.econbiz.de/10013172987