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Trade, human capital, and income risk
Deng, Liuchun; Krishna, Pravin; Senses, Mine Zeynep; … - 2021
In this paper, we empirically assess the causal relationship between trade and individual income risk and study the role that human capital plays in this relationship using a rich, worker-level, longitudinal data set from Germany spanning from 1976 to 2012. Our estimates suggest substantial...
Persistent link: https://www.econbiz.de/10012800579
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Productivity, Human Capital Formation Policy, and Redistribution : Do Government Policies Promote Productivity?
Sakamoto, Takayuki - 2012
Productivity is a most important determinant of national wealth and standards of living. Scholars have shown that different welfare production regimes pursue distinct human capital formation policies to promote productivity. But do those government policies actually promote the productivity of...
Persistent link: https://www.econbiz.de/10014168510
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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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Chapter 11 Does Learning to Add up Add up? The Returns to Schooling in Aggregate Data
Pritchett, Lant - In: Handbook of the economics of education : volume 1, (pp. 635-695). 2006
about the evolution and dynamics of output growth? Largely, no. Second, the existence and magnitude of output externalities …
Persistent link: https://www.econbiz.de/10014023732
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Consumption choices and earnings expectations : empirical evidence and structural estimation
Stoltenberg, Christian; Uhlendorff, Arne - 2023
In this paper, we document that households' consumption expenditures crucially depend on their expected earnings - even after controlling for realized earnings, wealth and time-invariant unobserved characteristics such as permanent income and over-confidence. To explain this evidence, we develop...
Persistent link: https://www.econbiz.de/10014249642
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Consumption choices and earnings expectations : empirical evidence and structural estimation
Stoltenberg, Christian; Uhlendorff, Arne - 2022
In this paper, we document that households’ consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households...
Persistent link: https://www.econbiz.de/10013329447
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Consumption choices and earnings expectations : empirical evidence and structural estimation
Stoltenberg, Christian; Uhlendorff, Arne - 2022
In this paper, we document that households' consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households...
Persistent link: https://www.econbiz.de/10013332707
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Advance information and consumption insurance : evidence from panel data
Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022
We investigate whether US households possess advance information about their future income and what this means for consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which requires only panel data on consumption and income....
Persistent link: https://www.econbiz.de/10013186823
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Productivity distribution and economic growth
Cho, Jang-ok; Chu, Hyo-Youn; Kim, Hyung Seok; Lee, Jaywon - In: The Korean economic review 32 (2016) 1, pp. 23-40
Persistent link: https://www.econbiz.de/10011649327
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Spatial patterns of technology diffusion : an empirical analysis using TFP
Abreu, Maria; Groot, Henri L. F. de; Florax, Raymond J. … - 2004
misspecifications resulting from the omission of spatial linkages in standard empirical models of economic growth. Our dataset consists … of TFP estimates for 73 countries over the period 1960-2000, and we find that TFP growth rates and levels are positively … the Nelson and Phelps (1966) model shows that the impact of being located close to a country with high TFP growth rates is …
Persistent link: https://www.econbiz.de/10011335193