Showing 1 - 10 of 57
This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...
Persistent link: https://www.econbiz.de/10005136880
In this paper we test the celebrated `Strength of weak ties' theory of Granovetter (1973). We test two hypotheses on the network structure in a data set of collaborating economists. While we find support for the hypothesis of transitivity of strong ties, we reject the hypothesis that weak ties...
Persistent link: https://www.econbiz.de/10005450733
explains why communication is often tied up with organizational choices as job enlargement and collaboration. Our model has two …
Persistent link: https://www.econbiz.de/10005450795
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …
Persistent link: https://www.econbiz.de/10008867507
Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship …. The value of other input factors, such as (knowledge) capital and labor is likely to be affected by the education level of … the possible stakeholders in the entrepreneur’s venture. The education distribution of the (local) population may thus …
Persistent link: https://www.econbiz.de/10008916007
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10008838535
have implications for education policy in Sub-Saharan Africa. …
Persistent link: https://www.econbiz.de/10008838576
This paper estimates the health returns to education, using data on identical twins. I adopt a twin … both education and health. I further investigate to what extent within-twin-pair differences in schooling correlates with … education on health. Higher educational levels are found to be positively related to self-reported health but negatively related …
Persistent link: https://www.econbiz.de/10005795566
Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...
Persistent link: https://www.econbiz.de/10008484063
The validity of family background variables instrumenting education in income regressions has been much criticized. In … (perfect validity of the instrument). The size of the bias is in many cases smaller than the standard error of education …
Persistent link: https://www.econbiz.de/10008484065