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Medical Innovation, Human Capital Productivity, and the Cross Section of Stock Returns
Zhou, Tong - 2019
Medical innovation enhances labor health, promotes human capital productivity, and influences asset prices. Using a … manually collected dataset on drug approvals to identify medical innovation, I first confirm its direct impact on human capital … -- a higher medical innovation shock predicts a higher growth of hours worked and total factor productivity, and firms with …
Persistent link: https://www.econbiz.de/10012901148
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Impact of ICT and Human Skills on the European Financial Intermediation Sector
Erber, Georg - 2018
This paper investigates the impact of ICT- and non-ICT capital, and of labour at different skill levels, on productivity and employment in the financial intermediation sector of twelve EU member countries plus the US and Japan. A stochastic possibility frontiers (SPF) approach is applied to...
Persistent link: https://www.econbiz.de/10012940629
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Impact of ICT and Human Skills on the European Financial Intermediation Sector
Erber, Georg - 2018
This paper investigates the impact of ICT- and non-ICT capital, and of labour at different skill levels, on productivity and employment in the financial intermediation sector of twelve EU member countries plus the US and Japan. A stochastic possibility frontiers (SPF) approach is applied to...
Persistent link: https://www.econbiz.de/10012706430
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The new wave? : the role of human capital and STEM skills in technology adoption in the UK
Draca, Mirko; Nathan, Max; Nguyen-Tien, Viet; … - 2024
Which types of human capital influence the adoption of advanced technologies? We study the skill-biased adoption of information and communication technologies (ICT) across two waves in the UK. Specifically, we compare the "new wave" of cloud and machine learning / AI technologies during the...
Persistent link: https://www.econbiz.de/10015074528
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Human Capital Accumulation and the Transition from Specialization to Multi-Tasking
Crifo, Patricia; Boucekkine, Raouf - 2013
This paper provides theoretical foundations to the contemporaneous increase in computer usage, human capital and multi-tasking observed in many OECD countries during the 1990s. The links between work organization, technology and human capital is modelled by establishing theconditions under which...
Persistent link: https://www.econbiz.de/10014050338
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Computer Technology, Human Labor, and Long-Run Economic Growth
Elliott, Stuart W. - 1998
Over the coming century, computer technology is likely to become capable of reproducing a large portion of the tasks performed by human labor. This paper develops a model of the aggregate economic growth that results when work tasks are transferred from humans to physical capital. The model...
Persistent link: https://www.econbiz.de/10014062624
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Multi-task learning and the reorganization of work : from Tayloristic to holistic organization
Lindbeck, Assar; Snower, Dennis J. - 1999
The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a "Tayloristicʺ organization of work (characterized by significant specialization by tasks) to a "holisticʺ organization (featuring job rotation, integration of...
Persistent link: https://www.econbiz.de/10001370883
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Multi-task learning and the reorganization of work : from Tayloristic to holistic organization
Lindbeck, Assar; Snower, Dennis J. - 1999
The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a "Tayloristic" organization of work (characterized by significant specialization by tasks) to a "holistic" organization (featuring job rotation, integration of tasks...
Persistent link: https://www.econbiz.de/10011294704
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A dynamic heterogeneous labour demand model for German manufacturing
Falk, Martin - 2000
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10013428321
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Returns for entrepreneurs versus employees : the effect of education and personal control on the relative performance of entrepreneurs vis-a-vis wage employees
Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - 2009
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that...
Persistent link: https://www.econbiz.de/10011379475