Showing 1 - 10 of 92
with annual information for a sample of blue collar workers. The econometric model departs from the worker's job mobility …
Persistent link: https://www.econbiz.de/10001600081
-- human capital ; returns to education ; gender inequality …
Persistent link: https://www.econbiz.de/10001600054
in the educational debate. These issues were the focus of a major education reform in Sweden which was implemented in the … for higher ability individuals from poorer backgrounds. In addition we estimate the returns to education for those … distinguish its direct effect on earnings from the effect it had by increasing the quantity of education. We find that the main …
Persistent link: https://www.econbiz.de/10001600079
This paper examines the implications of income redistribution on human capital accumulation and income inequality, presenting a model where human capital investment is indivisible and agents differ in economic opportunity as well as intellectual ability. It is shown that the impact of...
Persistent link: https://www.econbiz.de/10001753212
This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial liberalization spurs on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with open financial systems and good institutions. The...
Persistent link: https://www.econbiz.de/10002380051
The size-wage effect is well documented in the empirical literature, and typical attempts of explanation center on the supply side, using variations of the human capital approach, perhaps combined with institutional theories. With conclusive evidence of its source yet to emerge, an alternative...
Persistent link: https://www.econbiz.de/10001607833
In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section modelled as an LSTAR model. All parameters are viewed as cross section specific. We allow for serially correlated residuals over time and heterogenous variance among cross sections....
Persistent link: https://www.econbiz.de/10002595402
In this paper we derive a unit root test against a Panel Logistic Smooth Transition Autoregressive (PLSTAR). The analysis is concentrated on the case where the time dimension is fixed and the cross section dimension tends to infinity. Under the null hypothesis of a unit root, we show that the...
Persistent link: https://www.econbiz.de/10002577852
This paper investigates the time-path of efficiency and productivity change in the case of the Romanian cement industry 1966-1989. The analysis is based on different specifications of stochastic frontier models. The efficiency scores and the time paths of efficiency and technical change are...
Persistent link: https://www.econbiz.de/10001600014
This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to incorporate firm- and time-specific adjustment parameter. A flexible (translog)...
Persistent link: https://www.econbiz.de/10001600035