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We study the long-term economic legacy of highly-skilled minorities a century after their wholesale expulsion. Using mass expulsions of Armenian and Greek communities of the Ottoman Empire in the early 20th century as a unique natural experiment of history, we show that districts with greater...
Persistent link: https://www.econbiz.de/10011581278
to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean … returns to entrepreneurship compared to average wages. …
Persistent link: https://www.econbiz.de/10011924615
Persistent link: https://www.econbiz.de/10003647270
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012162512