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Returns to Human Capital and Investment in New Technology

Luzio, Rodolfo - 2001

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic costs resulting from labor market and income redistribution policies that prevent the...

Persistent link: https://www.econbiz.de/10014400979

Human Capital Accumulation and Public Sector Growth

Tanzi, Vito - 1995

The present paper takes a fresh theoretical and empirical look into the relationship between Wagner’s law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human...

Persistent link: https://www.econbiz.de/10014395897

Epidemics, gender, and human capital in developing countries

Fabrizio, Stefania; Gomes, Diego Braz Pereira; … - 2021

Epidemics have disrupted lives for centuries with deleterious human capital and economic repercussions. In this paper, we investigate how epidemics episodes have impacted school dropouts in developing countries, considering 623 epidemics episodes across countries from 1970 to 2019. Our estimates...

Persistent link: https://www.econbiz.de/10012796214

Migration and Human Capital Formation : Theory and Evidence From the U.S. High School Movement

Ramcharan, Rodney - 2002

In 1910, 12 percent of American 14-17 year olds were enrolled in high school; by 1930, enrollment had increased to 50 percent; enrollment in Britain was 12 percent in 1950. This paper argues that by increasing the skill premium, the massive inflows of European unskilled immigrants at the turn of...

Persistent link: https://www.econbiz.de/10014399647

Composition of Government Expenditure, Human Capital Accumulation, and Welfare

Matovu, John - 2000

This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures...

Persistent link: https://www.econbiz.de/10014399948

Trade Adjustment and Human Capital Investment : Evidence From Indian Tariff Reform

Edmonds, Eric V. - 2007

decisions? We examine this question in the context of India''s 1991 tariff reforms. Overall, in the 1990s, rural India … India''s rise in schooling and a third of the fall in child labor during the 1990s can be explained by falling poverty and …

Persistent link: https://www.econbiz.de/10014400340

Tuning in RBC growth spectra

Benk, Szilard; Csabafi, Tamas; Dang, Jing; Gillman, Max; … - 2016

For US postwar data, the paper explains central consumption, labor, investment and output correlations and volatilities along with output growth persistence by including a human capital investment sector and a variable physical capital utilization rate. Strong internal "amplication" results from...

Persistent link: https://www.econbiz.de/10011715563

Will there Be New Emerging-Market Economies in Africa by the Year 2020?

Berthélemy, Jean-Claude - 2002

This paper examines past African growth experience and attempts to simulate future ones. In addition to more commonly used determinants of total factor productivity, a measure of the effect of labor reallocation and an index of economic diversification are constructed and included as factors for...

Persistent link: https://www.econbiz.de/10014403665

The spending challenge of achieving the SDGs in South Asia : lessons from India

García-Escribano, Mercedes; Tewodaj Mogues; Moszoro, … - 2021

. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human … and economic development, India has shown a strong commitment to the Sustainable Development Goals (SDG) Agenda. This … paper focuses on the medium-term development challenges that South Asia, and in particular India, faces to ensure …

Persistent link: https://www.econbiz.de/10012794911

Debt, investment, and growth in developing countries with segmented labor markets

Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

Persistent link: https://www.econbiz.de/10012252029

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