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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/10010324788
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
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
This paper aims to assess the effects of population aging on economic growth. We adopt the partial-adjustment model to regress the per capita GDP growth rates of 80 countries from 1960 to 2005 against a set of independent variables including the levels and changes in the proportions of the young...
Persistent link: https://www.econbiz.de/10013072068
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
Persistent link: https://www.econbiz.de/10011817423
Persistent link: https://www.econbiz.de/10011286040
health outcomes using cross sectional and panel datasets of 156 countries from 1970 to 2015. This study uses three dimensions … impact on health outcomes while in terms of "position" its effect is limited. Findings of the study are robust to different … health performance differences across countries by highlighting the heterogeneity of state capacity dimensions in shaping the …
Persistent link: https://www.econbiz.de/10011930499
Persistent link: https://www.econbiz.de/10013556781
Persistent link: https://www.econbiz.de/10009124731