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Human capability is one of the four aspects of wealth in the Treasury's Living Standards Framework. Combined with the other three aspects - the natural environment, physical and financial capital, and social cohesion, it underpins both current and future wellbeing. Human capability is defined as...
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study, we modify the lifetime labour income approach outlined by Jorgenson and Fraumeni (The Measurement of Savings …, Investment and Wealth, Chicago, IL, University of Chicago Press, 1989, pp. 227-282; Output Measurement in the Services Sector …
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Research on child skill formation and related policies typically rely on parent- reported measures of child non-cognitive skills. In this paper, we show that parental assessments of child non-cognitive skills are directly affected by the skills of the parents. We develop a dynamic model of child...
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This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations. The starting point is the definition of MFP used in previous work in the OECD's Economics Department (e.g. Johansson et al....
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This guide, updated for the 2016-17 job market season, describes the U.S. academic market for new Ph.D. economists and offers advice on conducting an academic job search. It provides data, reports findings from published papers, describes practical details, and includes links to online...
Persistent link: https://www.econbiz.de/10011595162
Theory suggests that groups historically subject to discrimination, such as Jews, could exhibit traditionally high investment in education because discrimination spurred exit facilitated by human capital. Theory moreover suggests that if exit is uncertain, it could induce investment in skill...
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