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Allocating subsidies for private investments to maximize jobs impacts

Robalino Aguirre, David A.; Romero, Jose Manuel; Walker, Ian - 2020

to (a) estimate the value of the externality and (b) discover the amount of subsidy needed to trigger the private … which selects projects based on the estimated amount of JLEs per dollar of subsidy. The bidding process provides an … incentive to investors to reveal the subsidy needed for a project to become privately viable. We show that the proposed approach …

Persistent link: https://www.econbiz.de/10012239109

The distinction between dictatorial and incentive policy interventions and its implication for IV estimation

Belzil, Christian; Hansen, Jörgen - 2010

We investigate if, and under which conditions, the distinction between dictatorial and incentive-based policy interventions affects the capacity of Instrument Variable (IV) methods to estimate the relevant treatment effect parameter of an outcome equation. The analysis is set in a non-trivial...

Persistent link: https://www.econbiz.de/10003944633

The rate of return to the High/Scope Perry Preschool Program

Heckman, James J.; Moon, Seong Hyeok; Pinto, Rodrigo; … - 2009

This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from...

Persistent link: https://www.econbiz.de/10003909167

Mincer equation, power law of learning, and efficient education policy

Richter, Wolfram F. - 2013

The basis for the empirical research on earnings determination is the Mincer equation. Individuals are assumed to make schooling decisions by maximizing earnings. Leisure costs of schooling and labour supply are neglected which has some empirically implausible implications. This paper shows a...

Persistent link: https://www.econbiz.de/10009721334

The cost-effectiveness of subsidies to youth employment in Italy : toward a preliminary evaluation

Contini, Bruno - 2022

The European Commission has for many years advocated fiscal policies in order to improve the employability of young people. This paper aims at providing a preliminary rough estimate of the cost-effectiveness of rebates on social security contributions granted to employers that Italy has utilized...

Persistent link: https://www.econbiz.de/10012888404

In praise of snapshots

Kanbur, Ravi - 2019

The conventional justification for moving from income distribution to intergenerational mobility analysis is that the movie encompasses the snapshot and is normatively superior as the basis for assessing policy. Such a perspective underpins many an argument for shifting the focus from income...

Persistent link: https://www.econbiz.de/10012146862

Beneficial brain drain and non-migrants' welfare

Schiff, Maurice W. - 2018

Though a net brain gain has tended to be seen as a benefit and referred to as a 'beneficial brain drain' in the literature, its welfare impact for source country residents - or non-migrants - is at best ambiguous. Increased educational investment in response to a brain drain is equivalent to a...

Persistent link: https://www.econbiz.de/10011849103

Optimal education policy and human capital accumulation in the context of brain drain

Djajić, Slobodan; Docquier, Frédéric; Michael, Michael S. - 2018

This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our framework of analysis highlights the complementarity between public spending on education and students' efforts to acquire human capital in response to career opportunities at...

Persistent link: https://www.econbiz.de/10011910685

Integrated macroeconomic production function for open economies : a new Schumpeterian Solow model for globalization

Welfens, Paul J. J. - 2016

The macroeconomic production function is a traditional key element of modern macroeconomics, as is the more recent knowledge production function which explains knowledge/patents by certain input factors such as research, foreign direct investment or international technology spillovers. This...

Persistent link: https://www.econbiz.de/10011452235

Families in macroeconomics

Doepke, Matthias; Tertilt, Michele - 2016

Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...

Persistent link: https://www.econbiz.de/10011454407

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