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Author: Rudolf Winter-Ebmer
Publisher:
ISBN:
Category : Endogenous growth (Economics)
Languages : en
Pages : 36
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Book Description
Author: Rudolf Winter-Ebmer
Publisher:
ISBN:
Category : Endogenous growth (Economics)
Languages : en
Pages : 36
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Book Description
Author: Chris N. Sakellariou
Publisher: World Bank Publications
ISBN:
Category : Capital humano - Guatemala
Languages : en
Pages : 22
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Book Description
Author: Chris Sakellariou
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
A model of endogenous growth is used to test the effect of education on wage differentials.The presence and persistence of substantial wage differentials between industries has been documented. Differences between wages in different industries could result from (1) the normal functioning of competitive labor markets (compensating differential levels of human capital), (2) institutional factors, such as the presence of a union, and (3) efficiency wages paid in some industries (employers finding they can increase profits by paying workers above-market wages).Using a testable model of endogenous growth, Sakellariou analyzes microdata from the Guatemala Household Survey to estimate the external effects of education.First, he estimates a wage equation and filters out the internal effects of education. Then, to isolate external effects, he regresses the resulting wage premiums in industry on average human capital as well as on industry-specific characteristics. Stronger conclusions cannot be drawn, but the analysis does not reject the hypothesis that external effects are present.This paper - a product of the Education and Social Policy Department - is part of a larger effort in the department to apply economic analysis in the education sector.
Author: N. Chris Sakellariou
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
April 1995 A model of endogenous growth is used to test the effect of education on wage differentials. The presence and persistence of substantial wage differentials between industries has been documented. Differences between wages in different industries could result from (1) the normal functioning of competitive labor markets (compensating differential levels of human capital), (2) institutional factors, such as the presence of a union, and (3) efficiency wages paid in some industries (employers finding they can increase profits by paying workers above-market wages). Using a testable model of endogenous growth, Sakellariou analyzes microdata from the Guatemala Household Survey to estimate the external effects of education. First, he estimates a wage equation and filters out the internal effects of education. Then, to isolate external effects, he regresses the resulting wage premiums in industry on average human capital as well as on industry-specific characteristics. Stronger conclusions cannot be drawn, but the analysis does not reject the hypothesis that external effects are present. This paper--a product of the Education and Social Policy Department--is part of a larger effort in the department to apply economic analysis in the education sector.
Author: Hartmut Prigge
Publisher:
ISBN:
Category :
Languages : en
Pages : 142
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Book Description
Author: Martin Husz
Publisher: Peter Lang Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 148
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451921330
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human capital flight or “brain drain” arising out of wage differentials, say because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the country of emigration. Additionally, permanent difference in the growth rates as well as incomes between the two countries can occur making convergence unlikely. While in a closed economy, tax-financed increases in subsidy to education can have a positive effect on growth, such a policy can have a negative effect on growth when human capital flight is taking place. Since subsidizing higher education is more likely to induce substantial brain drain, it is likely to be inferior to subsidy to lower levels of education if growth is to be increased.
Author: Gerbert E. Hebbink
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 176
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Book Description
Author: Adam K. Korobow
Publisher: Springer Science & Business Media
ISBN: 1461511216
Category : Business & Economics
Languages : en
Pages : 134
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Book Description
The role that small firms and entrepreneurship play in economic development has been particularly contentious. Joseph Schumpeter (1911), in his early work, argued that through a process of "creative destruction," small and new firms would serve as agents of change and a catalyst for innovation and growth. But, he later rescinded this view, instead concluding that large corporations were the engines of growth. Just as it seemed that a consensus had emerged among scholars and policy makers that small business was at best superfluous and at worst a drag on growth and economic development, David Birch provided evidence that, in fact, small firms were the engines of job creation. The early skepticism of challenge to Birch's findings revolved around methodology and measurement. However, a wave of subsequent studies by different authors, spanning different time periods, sectors, and even countries, generally confirmed Birch's original findings-for most developed countries and in most time periods, small business has provided most of the job creation.
Author: Paolo Mattana
Publisher: Routledge
ISBN: 1351144944
Category : Business & Economics
Languages : en
Pages : 183
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Book Description
Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution on the 'Mechanics of Economic Growth' Lucas suggested that human capital is the key variable through which technical change is most likely to occur and (by taking some initial intuitions of Uzawa a step further) proposed a two-sector capital accumulation growth model where human capital is allowed to enter a neo-classical-style production structure in multiplicative terms. In this book Paolo Mattana fully explores the dynamic possibilities of the model from both the market and the centralized perspective. A critical evaluation of the inefficiency in the market economy is also provided.
