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) from upper-tail knowledge. As a proxy for the historical presence of knowledge elites, we use city-level subscriptions to … firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10013052500
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the …
Persistent link: https://www.econbiz.de/10013056191
In this paper we study how aggregate output responds to the arrival of a new General Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor markets. We show that under a wide set of circumstances the arrival of a new GPT that raises long-run output can trigger a...
Persistent link: https://www.econbiz.de/10013226171
Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the scale of the economy to grow over time. Increasing...
Persistent link: https://www.econbiz.de/10013243627
informational role of cities is a primary reason for" their continued existence. This paper formalizes Marshall's theory in a model … of other implications of the theory are corroborated" empirically …
Persistent link: https://www.econbiz.de/10013246374
structure" turn technologically' general skills into specific' skills. Labor market frictions and institutions such as minimum …
Persistent link: https://www.econbiz.de/10013321573
This study examines the effects of local cocaine and heroin prices, AIDS rates, and needle exchange programs on drug injection and needle sharing by adult male arrestees in 24 large U.S. cities during 1989 1995. Regressions that control for personal characteristics including income, fixed city...
Persistent link: https://www.econbiz.de/10013218890
for retirement. Many respondents display limited knowledge and understanding of public and company-provided retirement … remainder of their lifetimes, many do not possess enough basic financial knowledge to confidently make optimal choices …
Persistent link: https://www.econbiz.de/10013134999
We ask how patient knowledge of appropriate antibiotic usage affects both physicians prescribing behavior and the …-like complaints visits the same physician. Simulated patient A is instructed to ask a question that showcases his/her knowledge of … patient's knowledge of appropriate antibiotics use reduces both antibiotic prescription rates and drug expenditures. Such …
Persistent link: https://www.econbiz.de/10013135233
suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around … Security knowledge. Third, standardizing for incomes and other factors, a pension of higher value does not substitute for other …, other things the same. Fourth, there is no evidence that wealth held outside of pensions is influenced by knowledge of …
Persistent link: https://www.econbiz.de/10013136556