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Census data from international sources covering 77% of the world's migrant population indicate that the skill …
Persistent link: https://www.econbiz.de/10013001874
We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
Persistent link: https://www.econbiz.de/10012985671
Many studies have found a strong association between economic outcomes of nations and their performance on international cognitive tests. This association is often interpreted as evidence for the importance of cognitive skills for economic growth. However, noncognitive skills, such as motivation...
Persistent link: https://www.econbiz.de/10013009506
unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …
Persistent link: https://www.econbiz.de/10013321303
accelerated. We find that human capital positively affects output per worker and productivity growth. In particular, in terms of …
Persistent link: https://www.econbiz.de/10013325091
externalities (social returns to education) there exists a range of microloan amounts that are growth depressing and welfare … divert investment away from human capital: by failing to internalize the social returns to education, householdsメ …
Persistent link: https://www.econbiz.de/10013136775
perspectives, we discuss the theory of Doepke and Tertilt (2009), where an increase in the return to human capital induces men to …
Persistent link: https://www.econbiz.de/10013113089
increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on …We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …
Persistent link: https://www.econbiz.de/10013021942
This paper provides a unified theory of the economic and demographic transition. Individuals make optimal decisions … about fertility, education of their children and the type and intensity of the investments in their own education. These … formation, little longevity, high child mortality, large fertility and a sluggish income and productivity growth to a modern …
Persistent link: https://www.econbiz.de/10013316935
schooling databases. Contrary to a few recent papers that have identified significant nonlinearities between education and …
Persistent link: https://www.econbiz.de/10013089004