Showing 1 - 10 of 492
We estimate the aggregate long-run elasticity of substitution between more and less educated workers (the slope of the demand curve for more relative to less educated workers) at the US state level. Our data come from the (five)1950-1990 decennial censuses. Our empirical approach allows for...
Persistent link: https://www.econbiz.de/10005772331
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10010630739
I formulate and estimate a model of externalities within countries and technological interdependence across countries. I find that external returns to scale to physical capital within countries are 8 percent; that a 10 percent increase of total factor productivity of a country's neighbors raises...
Persistent link: https://www.econbiz.de/10005772058
The Industrial Revolution was characterized by technological progress and an increasing capital intensity. Why did real wages stagnate or fall in the beginning? I answer this question by modeling the Industrial Revolution as the introduction of a relatively more capital intensive production...
Persistent link: https://www.econbiz.de/10005772247
In the coming years, labour markets will face significant challenges. In this context, re- and upskilling of adults is an urgent priority for all at national, regional and local levels. To turn challenges into opportunities and to ensure that the supply of local skills matches constantly...
Persistent link: https://www.econbiz.de/10013174633
This report emphasizes that cross-border tertiary education refers to the movement of people, programs, providers …, curricula, projects, research and services in tertiary (or higher) education across national jurisdictional borders. Cross …-border education is a subset of educational internationalization and can be part of development cooperation projects, academic exchange …
Persistent link: https://www.econbiz.de/10010628187
years of education as an adult. In the short-term, the effects are stronger than in the long-run; these results hold when …
Persistent link: https://www.econbiz.de/10010571365
corruption. The driving force in the equilibrium selection process is the education effort exerted by parents which depends on … interventions which via parents' efforts have long-lasting effects on corruption and show the success of intensive education …
Persistent link: https://www.econbiz.de/10005772054
A generalized rise in unemployment rates for both college and high-school graduates, a widening education wage premium …, and a sharp increase in college education participation are characteristic features of the transformations of the U … education is endogenously determined. Second, calibrated versions of the model are used to study quantitatively whether either a …
Persistent link: https://www.econbiz.de/10005772255
This paper provides an analytical characterization of Markov perfect equilibria in a politico-economic model with repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future constituency of redistributive policies depends...
Persistent link: https://www.econbiz.de/10005772313