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Four Facts about Human Capital
Deming, David J. - National Bureau of Economic Research - 2022
This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation across countries. Second, human capital...
Persistent link: https://www.econbiz.de/10013334368
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Can Patience Account for Subnational Differences in Student Achievement? Regional Analysis with Facebook Interests
Hanushek, Eric Alan; Kinne, Lavinia; Sancassani, Pietro; … - National Bureau of Economic Research - 2023
Decisions to invest in human capital depend on people's time preferences. We show that differences in patience are closely related to substantial subnational differences in educational achievement, leading to new perspectives on longstanding within-country disparities. We use social-media data -...
Persistent link: https://www.econbiz.de/10014372447
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Education and Innovation
Biasi, Barbara; Deming, David J.; Moser, Petra - National Bureau of Economic Research - 2021
This chapter summarizes existing evidence on the link between education and innovation and presents open questions for … future research. After a brief review of theoretical frameworks on the link between education, innovation, and economic … growth, we explore three alternative policies to encourage innovation through education: expanding access to basic skills …
Persistent link: https://www.econbiz.de/10012496097