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Quantifying the Macroeconomic Impact of COVID-19-Related School Closures Through the Human Capital Channel

De la Maisonneuve, Christine; Égert, Balázs; Turner, David - 2023

This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the Covid-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated...

Persistent link: https://www.econbiz.de/10014356978

Climate Changes Affect Human Capital

Caruso, Germán; De Marcos, Inés; Noy, Ilan - 2023

Climate change severely impacts critical facets of human capital across the life cycle. This is particularly alarming as both the frequency and intensity of extreme weather shocks continue to increase, and extremes appear to be the main channel of causality. At the same time, human capital has a...

Persistent link: https://www.econbiz.de/10014357808

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation

Adda, Jérôme; Dustmann, Christian; Görlach, Joseph-Simon - 2021

This paper develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants’ careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return...

Persistent link: https://www.econbiz.de/10013229696

Population Sorting and Human Capital Accumulation

Azarnert, Leonid V. - 2021

This article analyzes the effect of population sorting on economic growth. The analysis is performed in a two-region growth model with endogenous fertility, in which public knowledge spillovers from the more advanced core into children’s human capital accumulation function in the periphery are...

Persistent link: https://www.econbiz.de/10013324215

Dynastic Human Capital, Inequality and Intergenerational Mobility

Adermon, Adrian - 2019

We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents’ siblings and cousins, their spouses, and...

Persistent link: https://www.econbiz.de/10012871027

A New Macroeconomic Measure of Human Capital Exploiting PISA and PIAAC : Linking Education Policies to Productivity

Égert, Balázs; De la Maisonneuve, Christine; Turner, David - 2022

This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling...

Persistent link: https://www.econbiz.de/10013290779

Optimal Redistributive Tax and Education Policies in General Equilibrium

Jacobs, Bas - 2021

income taxes and education subsidies in two-type models with endogenous human capital formation, endogenous labor supply, and …. Linear income taxes are distributionally equivalent to (negative) linear education subsidies, but linear taxes do not distort … unskilled labor supply, optimal redistributive linear income taxes are lowered as the distributional gains of linear taxes are …

Persistent link: https://www.econbiz.de/10013316658

Individualism, Human Capital Formation, and Labor Market Success

Hartinger, Katharina; Resnjanskij, Sven; Ruhose, Jens; … - 2021

There is an ongoing debate about the economic effects of individualism. We establish that individualism leads to better educational and labor market outcomes. Using data from the largest international adult skill assessment, we identify the effects of individualism by exploiting variation...

Persistent link: https://www.econbiz.de/10013322016

Home Broadband and Human Capital Formation

Sanchis-Guarner, Rosa; Montalbán, José; Weinhardt, Felix - 2021

This paper estimates the effect of home high-speed internet on national test scores of students at age 14. We combine comprehensive information on the telecom network, administrative student records, house prices and local amenities in England in a fuzzy spatial regression discontinuity design...

Persistent link: https://www.econbiz.de/10013250036

The Effects of Graduating from High School in a Recession : College Investments, Skill Formation, and Labor-Market Outcomes

Hampf, Franziska - 2020

We investigate the short- and long-term effects of economic conditions at high-school graduation as a source of exogenous variation in the labor-market opportunities of potential college entrants. Exploiting business cycle fluctuations across birth cohorts for 28 developed countries, we find...

Persistent link: https://www.econbiz.de/10012834990