Showing 1 - 10 of 1,595
Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth …
Persistent link: https://www.econbiz.de/10009432111
The first essay examines the allocation of education spending. Human capital investment in early childhood can lead to …, government education spending is allocated disproportionately toward late childhood and young adulthood. The consequences of a … education. Taking as given the higher returns to early investment, the modelshows the current allocation may nonetheless be …
Persistent link: https://www.econbiz.de/10009463999
We consider a Diamond-type model of endogenous growth in which there are three assets: fiat money, government bonds, and equity. Because of productivity shocks, the equity return is uncertain, and risk-averse investors require a positive equity premium. Typically, there exist two steady states,...
Persistent link: https://www.econbiz.de/10009471679
The prices of technological equipment have seen significant declines in recent decades. In Chapter 2 of this thesis, we examine the evidence and causes of these price declines. Among several factors, we focus on the learning curve effect where the cost of producing technological equipment...
Persistent link: https://www.econbiz.de/10009476102
transfer is given directly to the individual proportional to his or her opportunity cost stemming from education investment … that there are significant gaps in returns to education between race and migration status in Illinois; and there exists … in their education works relatively better. Furthermore, under this policy scheme, the native’s human capital stock also …
Persistent link: https://www.econbiz.de/10009477889
Wage inequality is a particular focus of attention not only in public debates over the need for social regulation to support equity, but those over the implications of social regulation for productive performance. The present paper employs panel techniques to examine the comparative historical...
Persistent link: https://www.econbiz.de/10009441373
increase the levelof competitiveness. Finally we analyze Serbian agricultural education system and give some instructions for …
Persistent link: https://www.econbiz.de/10009445915
In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate … regression methods where the estimated return is obtained as the coefficient ona years of education variable in a log wage … effect on the earnings of an individual from participation in education. Moreover, the size of the effect seems large …
Persistent link: https://www.econbiz.de/10009475659
enterprises shed redundant workers. This paper focuses on the role of education in determining labor market outcomes in China … of 1999 and spring of 2000, demonstrates that education is a key determinant of labor market outcomes. Educational … attainment is an important and significant factor in the lay-off decision-the more education a worker has the better his/ her …
Persistent link: https://www.econbiz.de/10009476862