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Workers acquire skills through formal schooling, through training provided by governments, and through training provided by firms. This chapter reviews, synthesizes, and augments the literature on the last of these, which has languished in recent years despite the sizable contribution of firm...
Persistent link: https://www.econbiz.de/10013540828
This study investigates the dynamics of between-group and within-group wage inequality in a model with heterogeneous learning abilities putting a key emphasis on the shape of the ability distribution. In our model, intergenerational human capital externalities incentivize individuals to invest...
Persistent link: https://www.econbiz.de/10014578200
climate conditions, geographical isolation and rich natural resources reserves. Northern investment risks in human capital … formation are proposed in the paper, as an indicator of investment conditions, which can be employed to improve policy of human … development in the northern regions of Russia. Northern investment risks encompass uncertainties associated with extreme northern …
Persistent link: https://www.econbiz.de/10011499452
We propose an original model of human capital investments after leaving school in which individuals differ in their initial human capital obtained at school, their rate of return, their costs of human capital investments and their terminal values of human capital at a fixed date in the future....
Persistent link: https://www.econbiz.de/10010319418
We propose an original model of human capital investments after leaving school in which individuals differ in their initial human capital obtained at school, their rate of return, their costs of human capital investments and their terminal values of human capital at a fixed date in the future....
Persistent link: https://www.econbiz.de/10010659256
This paper analyzes the career progression of skilled and unskilled workers, with a focus on how careers are affected by economic downturns and whether formal skills, acquired early on, can shield workers from the effect of recessions. Using detailed administrative data for Germany for numerous...
Persistent link: https://www.econbiz.de/10010618278
We examine the extent to which education is a main determinant of affluence in Brazil. We focus on workers in the top 1 … main conclusion is that while education may be important to explain total inequality, there is no evidence that mass … education is a major factor explaining the differences between the rich and the rest of the population. Not even elite education …
Persistent link: https://www.econbiz.de/10011372144
enter higher education and/or the formal labor market (5.4 million graduates). I compare graduates within the same secondary … school and cohorts to estimate the premium of higher education. I estimate the sheepskin effect by exploiting the phenomenum … years of formal labor market experience. I also find high positive correlations between the quality of higher education …
Persistent link: https://www.econbiz.de/10012314929
We conduct an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment on a variety of measures of income inequality and economic insecurity. Using two different methodological approaches-a distributional approach and a causal parameter approach-we...
Persistent link: https://www.econbiz.de/10012389747
-Murphy-Pierce decomposition analyses. On the one hand, over the past few decades, Chinese women have staged a 'quiet revolution' in education and … cognitive abilities, and especially after the large-scale higher education expansion since 1999, women have outperformed men in … older cohorts (the 1960s and 1970s birth cohorts). Despite the advantages in terms of education and cognitive abilities of …
Persistent link: https://www.econbiz.de/10012610007