Showing 1 - 10 of 2,726
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 analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for persistent and cyclical time variation in the employment-GDP linkage as well as...
Persistent link: https://www.econbiz.de/10012006538
dramatic augmentation of working population with vocational education relative to general education. This is consistent with … the recent literature, which argues that the ratio of vocational-to-general education tends to be higher in middle …-income countries. We explore an analytical approach to open up fresh insights into the composition of secondary education and prove the …
Persistent link: https://www.econbiz.de/10011281876
parental education expenditures impacts long run macroeconomic outcomes. Using a variable elasticity of substitution “education … production function,” in which public and education expenditures are the inputs, we observe that greater aggregate … revenue allocated towards public education is increasing in aggregate substitutability. Analysis of the stability of the …
Persistent link: https://www.econbiz.de/10013032730
Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic … growth. For that purpose higher education must strengthen its innovative power in entrepreneurship education and by focusing … in resolving or channeling the major societal questions. More European competition between universities in education and …
Persistent link: https://www.econbiz.de/10010331415
inclusive growth. Various studies have suggested that education, training, and human resource development in general raise the … and opportunities, and protection in market and employment transitions. Because of the link between education and earnings … capacity, improving education will lead to inclusive growth as educated individuals enhance their employment opportunities …
Persistent link: https://www.econbiz.de/10010482099
Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic … growth. For that purpose higher education must strengthen its innovative power in entrepreneurship education and by focusing … in resolving or channeling the major societal questions. More European competition between universities in education and …
Persistent link: https://www.econbiz.de/10009561436
capital formation. It is difficult to believe that these goals could be realized without a good education and training system …
Persistent link: https://www.econbiz.de/10014254576
This paper uses a growth model with public and private education alternatives to investigate the implications of … education vouchers for economic growth and the evolution of income inequality. The results indicate that introducing education … vouchers can increase economic growth. Families that switch from public to private education due to vouchers experience higher …
Persistent link: https://www.econbiz.de/10014089359