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existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an … approach that yields positive average human capital externalities if and only if the marginal social product of workers with …
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We find that over the period 1950–1990, states in United States absorbed increases in the supply of schooling due to tighter compulsory schooling and child labor laws mostly through within-industry increases in the schooling intensity of production. Shifts in the industry composition towards...
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This paper explores the relationship between openness to trade, immigration, and income per person across countries. To address endogeneity concerns we extend the instrumental-variables strategy introduced by Frankel and Romer (1999). We build predictors of openness to immigration and to trade...
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' accumulation, due to experience in the local environment, has an effect on the experience premia of the workers and on the … dispersion of their wages. I find the balanced growth path of the model and I simulate the adj ustment path after a technological …
Persistent link: https://www.econbiz.de/10009781714