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In an influential paper Mankiw, Romer and Weil (1992) argue that evidence on the international disparity in levels of per-capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10005791799
numerical techniques, a model based on human capital accumulation through education, and we find that the increase in … precautionary savings makes labour more productive in the goods sector and draws resources from education, which is the "growth …
Persistent link: https://www.econbiz.de/10005789025
Household Panel Study. Mother’s education is found to be a very powerful predictor of their children’s educational attainments … men moderately, but the effects on young women’s education are small. Part, if not all, of this negative effect of living …
Persistent link: https://www.econbiz.de/10005497967
education. Public education is favourable for growth because it increases the level of human capital and at the same time it … more political support for education; increased political rights are good for growth and also imply a more equal income …
Persistent link: https://www.econbiz.de/10005661435
emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …
Persistent link: https://www.econbiz.de/10005661649
particular when comparing local and national funding of education, which correspond to special cases of segregation and …
Persistent link: https://www.econbiz.de/10005666953
This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating demands for new combinations of skills, and...
Persistent link: https://www.econbiz.de/10005789077
We examine the growth performance of Sweden in the post-World War II period, focusing on explaining the relative decline of economic growth in Sweden since the early 1970's. The hypothesis that the relative decline is a consequence of productivity catch-up is rejected. A number of potential...
Persistent link: https://www.econbiz.de/10005791604