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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2003 - This version: February 2003
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2002
When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10011408972
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Education, Growth and Income Inequality
Teulings, Coen N.; van Rens, Thijs - 2021
When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10013320636
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The Great Transition : Kuznets Facts for Family-Economists
Greenwood, Jeremy; Guner, Nezih; Marto, Ricardo - 2021
The 20th century beheld a dramatic transformation of the family. Some Kuznets style facts regarding structural change in the family are presented. Over the course of the 20th century in the United States fertility declined, educational attainment waxed, housework fell, leisure increased, jobs...
Persistent link: https://www.econbiz.de/10013233919
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The impact of public expenditures in education, health, and infrastructure on economic growth and income distribution in Peru
Baca Campodónico, Jorge F.; Peschiera Cassinelli, Jorge R. - 2014
expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years …
Persistent link: https://www.econbiz.de/10011285046
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Closing development gaps : challenges and policy options
Brooks, Douglas Howard (contributor) - 2010
. Governments need to support private investment and entrepreneurship by investing in human capital and infrastructure; developing …
Persistent link: https://www.econbiz.de/10008658813
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The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru
Baca Campodonico, Jorge Francisco - 2015
expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years …
Persistent link: https://www.econbiz.de/10013017125
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The Effects of Infrastructure Development on Growth and Income Distribution
Calderón, César A. - 2016
Calderon and Serven provide an empirical evaluation of the impact of infrastructure development on economic growth and … include, among the regressors, infrastructure quantity and quality indicators, in addition to standard controls. To account … for the potential endogeneity of infrastructure (as well as that of other regressors), the authors use a variety of …
Persistent link: https://www.econbiz.de/10012749062
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The race of man and machine: implications of technology when abilities and demand constraints matter
Gries, Thomas; Naudé, Wim - 2021
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the economic consequences of artificial intelligence (AI). This...
Persistent link: https://www.econbiz.de/10012517812
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard represen- tative household assumption is rejected,...
Persistent link: https://www.econbiz.de/10012438305