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The stairways to heaven : a model of career choice in sports and games, with an application to chess

Ariga, Ken; Brunello, Giorgio; Iwahashi, Roki; Rocco, … - 2008

We model individual careers in sports and games from initial entry to eventual exit or success as a discrete-choice, finite-horizon optimization problem. We apply this model to the international game of chess and study cross-country differences in the relative success of players. While we find...

Persistent link: https://www.econbiz.de/10003646733

Creating new administrative data to describe the scientific workforce : the STAR METRICS program

Lane, Julia; Schwarz, Lou - 2012

In common with many countries, the substantial United States investment in R&D is characterized by limited documentation of the nature and results of those investments (MacIlwain 2010, Marburger 2005). Despite the increased calls for reporting by key stakeholders, current data systems cannot...

Persistent link: https://www.econbiz.de/10009548154

Selective schools

Brunello, Giorgio; Giannini, Massimo - 1999

This paper studies how schooling admission tests affect economic performance in an economy where individuals are endowed with both academic and non academic abilities and both abilities matter for labor productivity. We develop a simple model with selective government held schools, where...

Persistent link: https://www.econbiz.de/10011316915

An explanation of international differences in education and workplace training

Brunello, Giorgio; Medio, Alfredo - 2000

We develop a simple search equilibrium model of workplace training and education based on two features. First, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with vacant skilled job slots can choose between recruitment...

Persistent link: https://www.econbiz.de/10011325670

Managers' risk preferences and firm training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Pfeifer, Harald; … - 2022

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...

Persistent link: https://www.econbiz.de/10012820689

Risk preferences and training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Obst, Cosima; … - 2020

We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...

Persistent link: https://www.econbiz.de/10012306154

Locus of control and investment in training

Caliendo, Marco; Cobb-Clark, Deborah A.; Seitz, Helke; … - 2016

This paper extends standard models of work-related training by explicitly incorporating workers' locus of control into the investment decision. Our model both differentiates between general and specific training and accounts for the role of workers and firms in training decisions. Workers with...

Persistent link: https://www.econbiz.de/10011594543

Financing constraints and employers' investment in training

Brunello, Giorgio; Gereben, Áron; Weiss, Christoph; … - 2020

Using a representative sample of European firms, we study whether and to what extent financing constraints affect employers' decision to invest in employee training. We combine survey data on investment activities with administrative data on financial statements to develop an index of financing...

Persistent link: https://www.econbiz.de/10012193982

Occupational classifications : a machine learning approach

Ikudo, Akina; Lane, Julia; Staudt, Joseph; Weinberg, … - 2018

Characterizing the work that people do on their jobs is a longstanding and core issue in labor economics. Traditionally, classification has been done manually. If it were possible to combine new computational tools and administrative wage records to generate an automated crosswalk between job...

Persistent link: https://www.econbiz.de/10011895817

Money for something : the links between research funding and innovation

Glennon, Britta; Lane, Julia; Sodhi, Ridhima - 2018

Federal research funding to universities is often based on a desire to stimulate innovation - so that they spend …, increasing the efficiency with which we transfer knowledge from one generation to the next could have important implications for … innovation and productivity growth. In this paper we use new data to examine how the main organizational structure used to train …

Persistent link: https://www.econbiz.de/10011892649