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Are there any differences in how men and women fare from unemployment in terms of the wages they receive on a new job? This paper addresses that question using the 1991 wave of the Level of Living Survey. The results suggest that men who experience unemployment will suffer a reduction of...
Persistent link: https://www.econbiz.de/10005669549
experience or tenure. To distin- guish between these two effects, Lazear and Moore (1984) used self-employed workers' wage growth … to partial out the effect of human capital accumulation from salary/wage workers' wage growth. When the human capital … accumu- lation behavior is identical across two kinds of jobs, the difference in wage growth between salary/wage workers and …
Persistent link: https://www.econbiz.de/10005670050
This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to...
Persistent link: https://www.econbiz.de/10005670444
We show in this paper that greater inequality in the distribution of wealth implies lower investment in higher education levels and lower aggregate income. Liquidity constraints and indivisibility in human capital investment result in the long-run in multiple equilibria with poverty traps....
Persistent link: https://www.econbiz.de/10005670944
We study the long run relationship between natural resources abundance and wealth of countries producing differentiated products sold in the international market. When the price (terms of trade) of national products depend on the human capital used to produce them, natural resources may lead to...
Persistent link: https://www.econbiz.de/10005670966
In this paper I study a discrete-time version of the Lucas model with the endogenous leisure but without physical capital. Under standard conditions I prove that the optimal human capital sequence is increasing. If the instantaneous utility function and the production function are Cobb-Douglas,...
Persistent link: https://www.econbiz.de/10005670968
In this paper we study the relationship between human capital accumulation and economic growth using various measures …
Persistent link: https://www.econbiz.de/10005671231
In this paper we extend the equilibrium search models of Burdett and Mortensen (1998), Burdett and Vishwanath (1988) and Mortensen and Vishwanath (1994) to allow for endogenous matching and endogenous capital determination. In our model, in order to attract a positive measure of workers, firms...
Persistent link: https://www.econbiz.de/10005671497
This paper is a study of the function of appointments of referred workers as a way of motivating employees. Earlier research has stressed out that infromation about the ability of the referred applicant can explain why appointments through contacts are made. In this paper it is shown that it can...
Persistent link: https://www.econbiz.de/10005671697
Countries of Central and Eastern Europe experienced a rapid increase of return to education with the advent of the transition. This is well-documented for most of the countries but, until now, there were no empirical studies of the dynamics of wage premiums in post-transition Croatia. This...
Persistent link: https://www.econbiz.de/10005673441