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We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … more productive by increasing their ability to learn from work experience, rather than providing skills that directly … increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on …
Persistent link: https://www.econbiz.de/10013021942
Economists have long recognized the important role of formal schooling and cognitive skills on labor market … participation and wages. More recently, increasing attention has turned to the role of personality traits, or noncognitive skills …. This study is among the first to examine how both cognitive and noncognitive skills measured in childhood predict …
Persistent link: https://www.econbiz.de/10012962277
Skill development is increasingly viewed as a way to escape the low education – high unemployment trap in developing …
Persistent link: https://www.econbiz.de/10012983021
Gender gaps in skills exist around the world but differ remarkably among the high and low-and-middle income countries … and gender attitudes predict gender gaps in cognitive and noncognitive skills. We find steep socioeconomic and attitude … gradients in both cognitive and noncognitive skills, with bigger effect sizes for the socioeconomic status (SES) gradients. Our …
Persistent link: https://www.econbiz.de/10013244271
little research linking better education to state incomes. In a complement to international studies of income differences, we … develop detailed measures of state human capital based on school attainment from census micro data and on cognitive skills … attainment and cognitive skills. Similar results emerge from growth accounting analyses …
Persistent link: https://www.econbiz.de/10013016365
-of-control model where managers invest in their skills. We parameterize this model with U.S. observations on managerial earnings, the …
Persistent link: https://www.econbiz.de/10013002439
The UK experienced an unusually prolonged stagnation in labor productivity in the aftermath of the Great Recession. This paper analyzes the role of sectoral labor misallocation in accounting for this "productivity puzzle." If jobseekers disproportionately search for jobs in sectors where...
Persistent link: https://www.econbiz.de/10013001334
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...
Persistent link: https://www.econbiz.de/10014254205
We investigate the relationship between migration and productivity in the UK, using an instrumental variable along the lines suggested by Bianchi, Buonanno and Pinotti (2012). Our results suggest that immigration has a positive and significant impact (in both the statistical sense and more...
Persistent link: https://www.econbiz.de/10012909988
The 2008 Great Recession was notable in the UK for three things: the enormity of the output shock; the muted unemployment response; and the very slow rate of recovery. We review the literature which finds most of the decline in productivity is within sector and within firm before presenting new...
Persistent link: https://www.econbiz.de/10013016400