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discuss possible effects on labor productivity, wages, and human capital. We also show that the fast-growing dependency ratio …
Persistent link: https://www.econbiz.de/10010262234
differentially from these public investments. It is also desirable to comprehend whether schooling translates into increases in wages … schooling on wages and whether the additional schooling induced by the programme had differential impacts for men and women. To … is found to cause higher wages for men and women and there appears to be an additional positive effect on wages for women …
Persistent link: https://www.econbiz.de/10013096598
This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model highlights similarities and differences in these two...
Persistent link: https://www.econbiz.de/10010490079
We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...
Persistent link: https://www.econbiz.de/10013172987
Purpose - Our generation is witnessing the greatest demographic transition and Africa is at the heart of it. There is mounting concern over corresponding rising unemployment and depleting per capita income. I examine the issues in this paper from a long-run perspective by assessing the...
Persistent link: https://www.econbiz.de/10011410551
This paper develops a model of search on the labour market with training. The model reveals how the tax system can restore the social optimum if the Hosio s condition is not satisfied in the private equilibrium. Furthermore, the effects are explored of a second-best reform from average to...
Persistent link: https://www.econbiz.de/10009781502
The structural transformation of the Indian economy from agriculture (primary sector) dominated to one led by the services sector (tertiary sector), bypassing the intermediate stage of manufacturing (secondary sector) led growth, offers an alternative to conventional theories of economic...
Persistent link: https://www.econbiz.de/10014131989
Young highly educated workers developed in the 70 s and 80 s a preference for working in larger cities. As a consequence highly educated young workers in 1990 were over-represented in cities, in spite of the lower wage premium they earned for working in crowded metropolitan areas if compared to...
Persistent link: https://www.econbiz.de/10011408390
Young highly educated workers developed in the 70's and 80's a preference for working in larger cities. As a consequence highly educated young workers in 1990 were over-represented in cities, in spite of the lower wage premium they earned for working in crowded metropolitan areas if compared to...
Persistent link: https://www.econbiz.de/10013320717
In this note, we show that labour market integration can be a double-edged sword. In the presence of local human capital externalities, integration and the ensuing agglomeration of skilled labour can cause a decline in human capital and the total wage sum (net of education costs). In particular,...
Persistent link: https://www.econbiz.de/10010274986