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Recent advances have led to the discovery of specific genetic variants that predict educational attainment. We study how these variants, summarized as a genetic score variable, are associated with human capital accumulation and labor market outcomes in the Health and Retirement Study (HRS). We...
Persistent link: https://www.econbiz.de/10011559628
for global inequality. We develop and parameterize a two-sector, two-class, world economy model that endogenizes education … experiments reveal that the geography of skills matters for global inequality. Low access to education and sectoral misallocation … in the world distribution of skills, slow-growing urbanization in developing countries and a rebound in income inequality …
Persistent link: https://www.econbiz.de/10011931769
If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights (IPRs)...
Persistent link: https://www.econbiz.de/10010262329
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010268676
Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Reinvention of human capital policies...
Persistent link: https://www.econbiz.de/10010274258
Generous maternity leave, affordable daycare, extensive social safety nets, excellent universal health care, and high-quality public schools, are all notable features of Nordic countries. There is a widespread belief that such strong public investments in children contribute to a levelled...
Persistent link: https://www.econbiz.de/10014534000
substantially higher employment (all else equal), which in turn amplifies income inequality across couples. Using NLSY79, we … accumulation and implied wage growth. Inequality between couples is largely driven by the persistence in labor supply choices and …
Persistent link: https://www.econbiz.de/10011494330
We discuss and review literature on the macroeconomic effects of epidemics and pandemics since the late 20th century. First, we cover the role of health in driving economic growth and well-being and discuss standard frameworks for assessing the economic burden of infectious diseases. Second, we...
Persistent link: https://www.econbiz.de/10012322424
We analyze how intergenerational mobility and inequality would change relative to the status quo if dynasties had …
Persistent link: https://www.econbiz.de/10013177714
tend to receive care of higher measured quality and higher cost. Inequality is evident at home as well: measures of …-income households, reduces inequality in care provided, but it is mainly limited to older children and to the lowest income households …
Persistent link: https://www.econbiz.de/10012658322