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A simple classical-Marxian model of growth and distribution is developed in which education transforms low … who only receive wage income into one in which education and human capital play a major role. We show than an expansion in … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …
Persistent link: https://www.econbiz.de/10011596528
period, first the post-World War baby boom and then the substantial increase in education led to higher economic growth than … otherwise expected. As the pace of increase in education slowed and the workforce aged toward the end of the period, human …
Persistent link: https://www.econbiz.de/10012213777
We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …
Persistent link: https://www.econbiz.de/10011392484
For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … model for the very long run in which the individual-specific return to education is conceptualized as an compound of … determines whether an individual experiences education and a locally stable steady state at which education is determined by …
Persistent link: https://www.econbiz.de/10010346232
human capital and innovation are important for growth entrepreneurship,then higher education should have a significant role … requested information on graduates’ employmenthistory, further education, income, entrepreneurial activity and community …
Persistent link: https://www.econbiz.de/10009360738
. Ökonomen verstehen Bildung nämlich als Ausbildung, das heisst als Investition. Wie jede andere Investition verursacht ja auch … die Bildung Kosten... …
Persistent link: https://www.econbiz.de/10005867853
This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …
Persistent link: https://www.econbiz.de/10009691683
This paper investigates the implications of social rewards on the allocation of talent in society and consequently on the process of economic growth. We consider two sources of heterogeneity among workers: nonwage income and innate ability. A greater emphasis on status may induce the "wrong"...
Persistent link: https://www.econbiz.de/10014034200
This paper presents a theoretical model to analyze the effects of technology change on growth rates of income and human capital in the uncertain environments of technology. The uncertainty comes from two sources; the possibility of a technology advance and the characteristics of new...
Persistent link: https://www.econbiz.de/10010507250
, it shows that the comparative advantage of females in skill is reflected in their greater investment in education and in …
Persistent link: https://www.econbiz.de/10010507364