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capital externalities incentivize individuals to invest in skills, consequently reshaping the composition of the labor force …
Persistent link: https://www.econbiz.de/10014578200
observations of self-regulatory behavior as well as mathematical skills and allows controlling for a rich set of relevant …
Persistent link: https://www.econbiz.de/10011964919
Education provides good health, empowerment and employment to all people in the society. Accordingly, education can make a lifelong difference in individuals' lives. It is proved that, on average, there is a positive relationship between each additional year of schooling and the income of an...
Persistent link: https://www.econbiz.de/10012157093
We study the links between the Mincerian wage equation (the cross-sectional relationship between wages and years of schooling) and the human capital production function (the causal effect of schooling on labor productivity). Based on a stylized Mincerian general equilibrium model with imperfect...
Persistent link: https://www.econbiz.de/10012952260
We examine the evolution of the returns to human capital in Canada over the period 1980-2005. Our main finding is that returns to education increased substantially for Canadian men, contrary to conclusions reached previously. Most of this rise took place in the early 1980s and since 1995....
Persistent link: https://www.econbiz.de/10013146832
skills supplied to the labor market, the productivity of future cohorts, and the evolution of inequality. Unlike the USA, the … UK or Germany, Spain has experienced between 1995 and 2008 a drop in the returns to medium and tertiary education and …
Persistent link: https://www.econbiz.de/10012389035
This paper develops a model of optimal education choice of an agent who has an option to emigrate. Using a real options framework, we analyze the time evolution of human capital in the home country and investigate the role of migration opportunities in the accumulation of different types of...
Persistent link: https://www.econbiz.de/10014151190
We investigate the returns to cognitive ability in the labor and capital markets. Using population-wide Swedish military enlistment data and administrative tax records, we find that cognitive ability is much better at predicting capital income than labor earnings. The difference is almost a...
Persistent link: https://www.econbiz.de/10014250925
We investigate the returns to cognitive ability in the labor and capital markets. Using population-wide Swedish military enlistment data and administrative tax records, we find that cognitive ability is much better at predicting capital income than labor earnings. The difference is almost a...
Persistent link: https://www.econbiz.de/10014251435
young adulthood. Third, we know how to build foundational skills such as literacy and numeracy, and resources are often the … main constraint. Fourth, higher-order skills such as problem-solving and teamwork are increasingly valuable, and the … technology for producing these skills is not well-understood. We know that investment in education works and that skills matter …
Persistent link: https://www.econbiz.de/10013334368