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This Paper studies the design of education policies in a setting of successive generations with heterogeneous … individuals (high and low earning ability). Parents’ investment in education is motivated by warm-glow altruism and determines the … probability that a child has high ability. Education policies consist of a subsidy on private educational investments and possibly …
Persistent link: https://www.econbiz.de/10005498169
strengthens the forces of comparative advantage. Finally, we examine an aspect of education policy concerning the spread of human …
Persistent link: https://www.econbiz.de/10005792366
Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications...
Persistent link: https://www.econbiz.de/10005504741
Household Panel Study. Mother’s education is found to be a very powerful predictor of their children’s educational attainments …The analysis uses a unique set of data matching mothers and their young adult children to study the impact of family … 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
This Paper presents a new set of data on human capital. It is constructed so as to stay as close as possible to the censuses compiled by national, OECD or UNESCO sources. We then use these data to test a model that embeds the Mincerian approach to human capital into the Mankiw, Romer and Weil...
Persistent link: https://www.econbiz.de/10005067629
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
. However, if factories under communism were so inefficient, why would the education system not have been? Using the education …
Persistent link: https://www.econbiz.de/10005666644
particular when comparing local and national funding of education, which correspond to special cases of segregation and …
Persistent link: https://www.econbiz.de/10005666953
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