This paper studies the effect of liberalizing the international mobility of college-educated workers on the world economy. First, we combine data on effective and desired migration to identify the net pool of foreign talents (NPFT) of selected high-income countries. So far, the EU15 has poorly...

This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and education decisions. We identify bilateral...

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...

This paper aims to identify the contribution of knowledge capital and its determinant - human capital - to total factor productivity differences among regions within a regression framework in general and the impact of their spillovers on regional total factor productivity in particular. The...

We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can improve the trade-off between equality and incentives by changing the amount of observable human capital. We provide an intuitive decomposition for the wedge between human-capital...

Human capital investments increase lifetime income, but may involve substantial risk. In this paper we use a Finnish panel spanning 22years to nonparametrically predict the mean, the variance and the skew of the present value of lifetime income, and to calculate certainty equivalent lifetime...

This study from Madagascar exploits local variation in the timing and organization of colonial settlement and missionary education to distinguish long-run effects of colonial institutions and human capital. Results indicate that only colonial institutions had robust impacts on local economic...

Institutional restrictions concerning growth and development of Polish farms. The Russian agricultural sector and WTO: advantages and disadvantages. Policy and economic rent as sources of agricultural producer’s income. An analysis of current economic problems and development factors in...

The importance of human capital – theoretical remarks. Selected determinants of human capital in rural areas in Poland. The social and demographic structure and vocational activeness of populations from holdings with various competitive abilities.

This paper explores whether heat waves at conception, while in utero, or after birth cause better educational and health outcomes as adults. Using Census and DHS data from sub-Saharan Africa, we show that individuals conceived during heat waves have higher educational attainment and literacy,...