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In this paper we illustrate the possible normative relevance of the links between human capital and financial assets via an example related to growth. When the financial structure is complete, growth is indeterminate because individual allocations between human capital and a tradable asset are...
Persistent link: https://www.econbiz.de/10005634238
Individual returns on continuing vocational training have been in the focus of many empirical and theoretical papers. Most of the works do not explicitly discuss returns to training that is financed fully or partly by the employee. This seems surprising since several publicly funded programs to...
Persistent link: https://www.econbiz.de/10005634653
This paper investigates human capita; investments of migrants whose duration in the host country is limited, either by contract or by their own choice. the first part of the paper develops a model, distinguishing between migrants who immigrate on a fixed contract, and migrants who choose their...
Persistent link: https://www.econbiz.de/10005634881
This paper investigates how different dimensions of social capital influence innovation output. The novelty of the paper lies in the fact that for measuring social capital, instead of one overall index, six factors are constructed of 20 indicators using principal components analysis. Then, human...
Persistent link: https://www.econbiz.de/10005635018
One of the main tasks of the transition economies is to catch up with the advanced levels of highly developed economies. The lack of social capital is a major impediment to this process, as it does not allow taking advantage of the comparatively high level of human capital in these countries....
Persistent link: https://www.econbiz.de/10005635047
I investigate the role of education on health, using country level data and the production frontier framework suggested … care systems operating in countries which underinvested in education in the past. The relationship between education and … health changes around an average value of 8 years of education per individual: above that level, the return of years of …
Persistent link: https://www.econbiz.de/10005635244
Based on regularly published data we quantitatively assess the efficiency of UK secondary, private schools in providing quantity vs. quality of graduates on a per output basis. In economic terms the primary question is whether indeed an increase in the quantity of graduates with the observed...
Persistent link: https://www.econbiz.de/10005222883
deprivation within their families are examined and the entitlements of female and male children are compared and analysed. Because …
Persistent link: https://www.econbiz.de/10005225671
Economies have different levels of entrepreneurial activities depending on the availability of tangible as well as intangible resources. In their working paper, Abouzeedan and Busler (2004) established a new type of capital, adding up the components of the most important types of capital. These...
Persistent link: https://www.econbiz.de/10005225761
This study constructs an endogenous growth model that incorporates the R&D sector, the education sector, and …
Persistent link: https://www.econbiz.de/10005225848