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An explanation of international differences in education and workplace training

Brunello, Giorgio; Medio, Alfredo - 2000

We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with …

Persistent link: https://www.econbiz.de/10011325670

Selective schools

Brunello, Giorgio; Giannini, Massimo - 1999

This paper studies how schooling admission tests affect economic performance in an economy where individuals are endowed with both academic and non academic abilities and both abilities matter for labor productivity. We develop a simple model with selective government held schools, where...

Persistent link: https://www.econbiz.de/10011316915

The returns to education in Italy : a new look at the evidence

Brunello, Giorgio; Comi, Simona; Lucifora, Claudio - 2000

The purpose of this paper is to provide an update of the empirical evidence on the private returns to education in … Italy. First, we show that, whilst returns to education in Italy (based on gross wages) are in line with the European … marginal return to the marginal cost of education – we speculate that either marginal costs are steeper in Italy or that a …

Persistent link: https://www.econbiz.de/10011325989

Aging and pension reform : extending the retirement age and human capital formation

Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel - 2014 - This version: December 29, 2014

Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...

Persistent link: https://www.econbiz.de/10010467965

Demographic Change, Human Capital and Endogenous Growth

Ludwig, Alexander - 2009

This paper employs a large scale overlapping generations (OLG) model with endogenous education to evaluate the … endogenously adjust their education. Low ability agents experience higher welfare gains. Endogenous growth through human capital …

Persistent link: https://www.econbiz.de/10013157400

Do investments in human and physical capital respond differently to financing constraints?

Brunello, Giorgio; Gereben, Áron; Rückert, Désirée; … - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-14

Using a representative sample of European firms, we study whether financing constraints affect employers' investments in employee training and physical capital differently. We measure financing constraints with an index that combines survey and balance sheet data. We instrument this index with...

Persistent link: https://www.econbiz.de/10013269789

Demographic Change, Human Capital and Endogenous Growth

Ludwig, Alexander - 2009

Persistent link: https://www.econbiz.de/10012721264

Parents, siblings and schoolmates

Bertoni, Marco; Brunello, Giorgio; Cappellari, Lorenzo - 2018

We investigate whether the effects of schoolmates' gender and average parental education on educational achievement …, employment and earnings vary with individual family characteristics such as the gender of siblings and own parental education. We … dispersion of parental education in the school increases. We also show that boys with sisters who are exposed to a higher share …

Persistent link: https://www.econbiz.de/10011790876

Demographic Change, Human Capital and Welfare

Ludwig, Alexander; Schelkle, Thomas; Vogel, Edgar - 2010

This paper employs a large scale overlapping generations (OLG) model with endogenous human capital formation using a Ben-Porath (1967) technology to evaluate the quantitative role of human capital adjustments for the economic consequences of demographic change. We find that endogenous human...

Persistent link: https://www.econbiz.de/10014198885

Human Capital and the Demographic Transition : Why Schooling Became Optimal

Vogel, Edgar - 2012

the costs of child education: from time costs to monetary costs …

Persistent link: https://www.econbiz.de/10014041372