Estonia, which adopted relatively free labor market policies early in its transition, experienced rapid increases in returns to human capital Ntilde; rising returns to education and rising relative wages for younger educated workers, but declining returns to experience for older workers with...

This survey reviews the existing literature, identifying the contribution of agriculture, schooling, and nutrition to economic growth and development over time and across countries. Particular attention is paid to the roles of improvements in agricultural technology and of the human capital of...

The link between measured risk aversion and the decision to become an entrepreneur iswell established, but the link between risk preferences and entrepreneurial success is not.Standard theoretical models of occupational choice under uncertainty imply a positivecorrelation between an...

Entrepreneurship is a hot topic both in academic and policy circles.1 There is a growingrecognition that entrepreneurship is a driving force in economic growth and development in bothestablished and emerging economies. There is also an increasing body of evidence suggestingentrepreneurship that...

We hypothesize that hog production can be characterized by complementarities between newtechnologies, worker skills and farms size. Such production processes are consistent withKremer’s (1993) O-ring production theory in which a single mistake in any one of severalcomplementary tasks in a...

This paper reviews the stylized facts regarding the levels of human capital investments and the returnsto those investments in developing countries. These returns are substantial and are pervasive acrossdemographic groups. Returns are comparable between men and women and between urban and...

This paper reviews the stylized facts regarding the distribution of human capital investments and the returns to those investments in developing countries. It then examines recent evidence regarding which policies can induce increased human capital investments in the most efficient manner, using...