Showing 1 - 10 of 42,120
For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … cognitive ability. Compulsory schooling can move society from elite education to mass education. An interaction between … model for the very long run in which the individual-specific return to education is conceptualized as an compound of …
Persistent link: https://www.econbiz.de/10010954307
of mass education and the demographic transition. The ongoing child quality-quantity trade-off during the transition …. Because growth in modern economies is based on the education of the workforce, the medium-run prospects for future economic …
Persistent link: https://www.econbiz.de/10010954314
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate R&D-based growth into a unified growth setup with micro-founded fertility and schooling...
Persistent link: https://www.econbiz.de/10010954482
-run growth by affecting fertility and education decisions. We demonstrate that under certain conditions, old-age survival … implications of child education subsidies and child rearing subsidies and demonstrates that although child education subsidies …. Finally, we briefly consider the effects of a child education subsidy on welfare levels. …
Persistent link: https://www.econbiz.de/10010662825
complementary nature of technological change and human capital formation. In this context, the level of education is likely to have …
Persistent link: https://www.econbiz.de/10005059453
In this paper, we study human capital effects on economic growth of Portugal from 1960 to 2001. By using VAR and cointegration analyses, we obtain 0.42 long-run estimate for human capital elasticity, 0.30 long-run estimate for internal knowledge elasticity, and 0.40 long-run estimate for the...
Persistent link: https://www.econbiz.de/10005059562
Conventional R\&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate microfounded fertility and schooling into an otherwise standard R\&D-based growth model....
Persistent link: https://www.econbiz.de/10008677637
In this paper I calibrate unobserved labor-generated knowledge spillovers within and between six large macroeconomic sectors covering the U.S. civilian economy from 1948 to 1991. Using quality-adjusted data I show that manufacturing and trade & transportation are the main source of knowledge...
Persistent link: https://www.econbiz.de/10008558669
the two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves …
Persistent link: https://www.econbiz.de/10005792394
This Productivity Commission staff working paper (by Paula Barnes) examines sectoral investment in intangible assets in Australia following on from a previous paper on an examination of intangibles assets in the market sector as a whole. It highlights some significant issues relating to the...
Persistent link: https://www.econbiz.de/10008914832