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Using multiple datasets from different time periods, we document declines in academic time investment by full-time college students in the United States between 1961 and 2003. Full-time students allocated 40 hours per week toward class and studying in 1961, whereas by 2003 they were investing...
Persistent link: https://www.econbiz.de/10008624589
The non-tradability of human capital is often cited for the failure of traditional asset pricing theory to explain agents' portfolio holdings. In this paper we argue that the opposite might be true --- traditional models might not be able to explain agent portfolio holdings because they do not...
Persistent link: https://www.econbiz.de/10008624601
By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance models predict. Our model ascribes the "bias" to...
Persistent link: https://www.econbiz.de/10008624610
The present study intends to investigate the labour employment and productivity problems in Romania’s agricultural sector compared to the average level in the European Union and Member States, to reveal the gaps and the envisaged trends. For Romania, narrowing these gaps is a great challenge...
Persistent link: https://www.econbiz.de/10008565813
The assumption of the multifunctional character of the rural area implies the multiplication of roles that this territory has in the society. The new roles (ecologic, socio-cultural, etc.) are assumed as far as the rural society perceives their importance, as well as the benefits generated by...
Persistent link: https://www.econbiz.de/10008565817
PhD graduates hold the highest education degree, are trained to conduct research and can be considered a key element in the creation, commercialization and diffusion of innovations. The impact of PhDs on innovation and economic development takes place through several channels such as the...
Persistent link: https://www.econbiz.de/10008565919
Using representative data containing information on job satisfaction and worker’s gender-specific prejudices, we investigate the relationship between stereotyping and job satisfaction. We show that women in stereotypically male jobs are significantly less satisfied with their work climate and...
Persistent link: https://www.econbiz.de/10008566244
Using weekly data for defect rates (proportion of defective output) for all weavers in a Chinese textile firm during a 12 months (April 2003 - March 2004) period, we provide some of the first rigorous evidence on the presence and nature of peer effects in the manufacturing workplace. First, a...
Persistent link: https://www.econbiz.de/10008566278
A large empirical evidence shows that on-the-job training paid by firms is mainly directed towards high educated … positive influence on the efficiency with which individuals acquire new skills. The first one considers an adverse selection … specific human capital, reduces their turnover, increasing training investments by firms. …
Persistent link: https://www.econbiz.de/10008567451
The article starts with some specifications of the question raised in its title. These specifications makes clear that in practice this is a question of providing some partial, supplementary knowledge which is useful for those who are involved in processes of organisational change and...
Persistent link: https://www.econbiz.de/10008567462