'public finance', 'political economy', 'growth theory', 'human capital theory', and 'innovation-driven growth theory …'.The first project reveals that the prevailing notion of education externalities is misleading and therefore empirical … externalities of education according to Lucas (1988) are likely to be internalized on the labor market. Education is recognized as a …

productivity. It takes the notion of local human capital externalities as its core theoretical concept, which contends that … respect to Germany, the notion of local human capital externalities is of potential relevance since average levels of … regional productivity can be assigned to local human capital externalities and sheds light on the microeconomic mechanisms …

This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …

Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth …

the jack-ofall-trades model by Lazear (2005) and the second the O-ring theory introduced by Kremer (1993) and applied to … predictions of the O-ring theory are supported by the data. The O-ring theory predicts that individuals sort between firms … random assignment of individuals to firms. The results show that, contrary to the prediction of the theory, individuals with …

junger Unternehmen haben. Insbesondere das Humankapital der Gründer scheint maßgeblich sowohl das Überleben, als auch die …