maximize underlying health or longevity. Rather, they choose labor supply and medicine in light of potential side effects in an … effects and the labor market affect the demand for medical treatment. In the framework, forward-looking patients do not simply … effort to jointly manage two forms of human capital: their health and their work experience. I use the framework to examine …

research design focuses on a technology subsidy program in Finland that induced sharp increases in technology investment in … manufacturing firms. Our data directly measure multiple technologies and skills and track firms and workers over time. We … product. We document that firms used new technologies to produce new types of output rather than replace workers with …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … suggestive evidence that equilibrium distortions in the direction of technology can be substantial in the context of industrial … automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …

presented. The key finding is that both preservice education and in-service training are positively correlated with labor … of the workforce, just as it is with large firms. However, there are country differences. The policy implications are …

This empirical paper analyzes labor market sorting across establishments using Swedish register data on cognitive and … through the emergence of markets where each specific skill can be traded s eparately. Our empirical results show that labor is …

We investigate two-way causality between health and the hourly wage by employing insights from the human capital and … estimation methods in this investigation. We uncover a causal relationship between two of five measures of health and the wage in … which a reduction in health leads to an increase in the wage rate in a panel of U.S. young adults who had completed their …

Intangible knowledge capital (IKC) - technology produced by workers but not embodied in them - can offset the "middle … income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese …

Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified … framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor … success of Goldin and Katz's framework in accounting for numerous broad labor market trends. The essay also considers areas …