The effect of openness and trade orientation on economic growth remains a highly contentious issue in the literature. Trade facilitates the spread of knowledge and the adoption of more advanced and efficient technologies, which hastens total factor productivity (TFP) growth and, hence, per...

Regional data on wages for the Spanish economy show that workers who live in developed regions earn more than workers in other regions. Literature on external economies provides a possible explanation of why firms do not move from these regions to others where wages are lower. Previous studies...

The aim of this essay is based on the analysis of the earnings profiles in Spain. Whit this objective it has been used the family budget Survey from Spain for the year 1990 (EPF/90). The theory of human capital will be the start point for the modelling of earnings profiles. These earnings...

In the last decade, different studies have tried to contrast empirically the existence of a relationship between local human capital and the productivity of a given territory, and the possible presence of external economies. The most common result has been the finding of a positive relationship...

In this paper we seek to verify the hypothesis that trust and cooperation between individuals, and between them and public institutions, can encourage technological innovation and the adoption of knowledge. Additionally, we test the extent to which the interaction of social capital with human...

In this paper we study the relationship between unions and growth in a two-sector overlapping generations model with altruism and human capital. This relationship depends on the interaction between the technology in the sector that produces human capital, the degree of unionization of the...

The paper analyses the link between human capital and regional economic growth in the European Union. Using different indicators of human capital calculated from census microdata, we conclude that the recent economic performance of European regions is associated to an increase in overeducation....

This paper provides novel empirical evidence of the indirect effect of educational attainment on regional economic growth, through its influence on the profitability of investment in physical capital. We test the hypothesis that the regional heterogeneity of the return to physical capital can be...

In this paper we try to analyze the role of fiscal policy in fostering a higher participation of the different production factors in the human capital production sector in the long-run. Introducing a tax on physical capital and differentiating both a tax on raw labor wage and a tax on skills or...

This paper presents a life cycle model that contains the Beckers (1975) and Heckmans (1976) models as special cases. Contrary to the previous literature, the model can explain the life cycle hypothesis and the maximum in the consumption profile without appealing to the rupture of typical...