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The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2012

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of human capital accumulation that features a non-degenerate distribution of educational attainment in the population. We use this framework to...

Persistent link: https://www.econbiz.de/10009652001

Read All About it!! What happens following a technology shock?

Alexopoulos, Michelle - University of Toronto, Department of Economics - 2010

Existing indicators of technical change are plagued by shortcomings. I present here new measures based on books published in the field of technology that resolve many of these problems and use them to identify the impact of technology shocks on economic activity. They are positively linked to...

Persistent link: https://www.econbiz.de/10008564759

Industrial Energy from Water-Mills in the European Economy, Fifth to Eighteenth Centuries: the Limitations of Power

Munro, John - University of Toronto, Department of Economics - 2001

The water-mill, though known in the Roman Empire from the second century BCE, did not come to enjoy any widespread use until the 4 th or 5 th centuries CE, and then chiefly in the West, which was then experiencing not only a rapid decline in the supply of slaves, but also widespread...

Persistent link: https://www.econbiz.de/10005704737

The Media is the Measure: Technical change and employment, 1909-49

Alexopoulos, Michelle; Cohen, Jon - University of Toronto, Department of Economics - 2009

least in part, to the shortcomings associated with traditional measures of the former. In this paper, we use new indicators …

Persistent link: https://www.econbiz.de/10005704778

The Dynamics of the Transfer and Renewal of Patents

Serrano, Carlos J. - University of Toronto, Department of Economics - 2006

This paper explores a new dataset of transfers of patents recorded at the United States Patent and Trademark Office …. The aim of the paper is twofold. First, a number of patterns are presented. For instance, the probability of a patent …. Second, the paper extends Pakes and Schankerman\\'s patent renewal framework in order to develop a model of the transfer and …

Persistent link: https://www.econbiz.de/10005827263

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2010

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? Using a simple model of schooling decisions, we assess the quantitative contribution of changes in the return to schooling in explaining the evolution of education....

Persistent link: https://www.econbiz.de/10008513292

Volumes of Evidence - Examining Technical Change Last Century Through a New Lens

Alexopoulos, Michelle; Cohen, Jon - University of Toronto, Department of Economics - 2010

reasons, flawed. We discuss in this paper new indicators based on data drawn from the MARC records of the Library of Congress …

Persistent link: https://www.econbiz.de/10008545925

Management Matters

Alexopoulos, Michelle; Tombe, Trevor - University of Toronto, Department of Economics - 2010

New indications of managerial innovations are created and then used to show that changes in organizational technologies are an important source of economic growth. Specifically, the analysis demonstrates that, first, in response to a positive managerial technology shock, output, productivity and...

Persistent link: https://www.econbiz.de/10008553220

Measuring Our Ignorance, One Book at a Time: New Indicators of Technological Change, 1909-1949

Alexopoulos, Michelle; Cohen, Jon - University of Toronto, Department of Economics - 2009

We present new indicators of U.S. technological change for the period 1909-49 based on information in the Library of Congress’ catalogue. We use these indicators to estimate the connections between technological change and economic activity, and to investigate the relationship between...

Persistent link: https://www.econbiz.de/10005572536

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2008

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of schooling decisions in order to assess the quantitative contribution of technological progress in explaining the evolution of education. We...

Persistent link: https://www.econbiz.de/10005572541