Showing 1 - 10 of 1,420
This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the degree of impurity of these goods. When the degree of...
Persistent link: https://www.econbiz.de/10003392741
period, first the post-World War baby boom and then the substantial increase in education led to higher economic growth than … otherwise expected. As the pace of increase in education slowed and the workforce aged toward the end of the period, human …
Persistent link: https://www.econbiz.de/10012213777
surprisingly little is known about how to achieve these outcomes. In this paper, we estimate causal effects of additional education … combat climate change. Results show a year of education increases pro-climate beliefs, behaviors, most policy preferences …
Persistent link: https://www.econbiz.de/10014229835
We examine how inequality in the endowment of secure wealth, mediated through voluntary public good provision, affects rent-seeking within and between groups. We model a scenario where two communities, each internally differentiated into rich, intermediate and poor segments, contest one another...
Persistent link: https://www.econbiz.de/10012703084
economics: Studies about localized human capital externalities (HCE) and about the urban wage premium (UWP). After surveying the … externalities ; urban wage premium …
Persistent link: https://www.econbiz.de/10003716532
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …. -- Externalities ; human capital ; multiple equilibria …
Persistent link: https://www.econbiz.de/10003759894
capital externalities are at work. A large initial share of high-skilled workers significantly reduces subsequent growth of … employment growth ; externalities …
Persistent link: https://www.econbiz.de/10003278949
suggest that the local human capital level has positive externalities on the probability of labor force participation and …. -- employment ; labor force participation ; human capital externalities ; agglomeration …
Persistent link: https://www.econbiz.de/10009627341
availability has thus far prevented researchers from directly connecting STEM education to human capital externalities. This paper …Previous research suggests that the local stock of human capital creates positive externalities within local labor … positive wage externalities, but STEM graduates create much larger externalities. …
Persistent link: https://www.econbiz.de/10010228785
Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The … existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an … approach that yields positive average human capital externalities if and only if the marginal social product of workers with …
Persistent link: https://www.econbiz.de/10011411270