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Individual investments in education and health : policy responses and interactions

Carbone, Jared C.; Kverndokk, Snorre - 2016

Empirical studies show that years of schooling are positively correlated with good health. The implication may go from education to health, from health to education, or from factors that influence both variables. We formalize a model that determines an individual's demand for knowledge and...

Persistent link: https://www.econbiz.de/10011554425

Human capital, signaling, and employer learning : what insights do we gain from regression discontinuity designs?

Graetz, Georg - 2017

Several recent papers employ the regression discontinuity design (RDD) to estimate the causal effect of a diploma (or similar credentials) on wages. Using a simple model of asymmetric information, I show that RDD estimates the information value of a diploma. A positive information value arises...

Persistent link: https://www.econbiz.de/10011757770

Wages, skills, and skill-biased technical change : the canonical model revisited

Bowlus, Audra J.; Lochner, Lance; Robinson, Chris; … - 2021

The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...

Persistent link: https://www.econbiz.de/10012599109

Differences in on-the-job learning across firms

Arellano-Bover, Jaime; Saltiel, Fernando - 2024

We present evidence that is consistent with large disparities across firms in their on-the-job learning opportunities, using administrative datasets from Brazil and Italy. We categorize firms into discrete “classes”—which our conceptual framework interprets as skill-learning...

Persistent link: https://www.econbiz.de/10014505831

Productivity shocks and aggregate fluctuations in an estimated endogenous growth model with human capital

Malley, James R.; Woitek, Ulrich - 2011

Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...

Persistent link: https://www.econbiz.de/10009295333

Decomposing migrant self-selection : education, occupation, and unobserved abilities

Kauppinen, Ilpo; Poutvaara, Panu - 2023

We analyze self-selection and sorting of emigrants from Finland, using full-population administrative data from Statistics Finland. We analyze emigration events lasting at least five years and decompose migrant self-selection into education, occupation, and unobserved abilities. Our analysis...

Persistent link: https://www.econbiz.de/10014247383

Managing trade : evidence from China and the US

Bloom, Nicholas; Manova, Kalina; Van Reenen, John; Sun, … - 2018

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find … inputs, and imported inputs from more advanced countries. The structural estimates indicate that management is important for …

Persistent link: https://www.econbiz.de/10011864551

Experimental evidence on the effects of home computers on academic achievement among schoolchildren

Fairlie, Robert W.; Robinson, Jonathan - 2013

Computers are an important part of modern education, yet large segments of the population - especially low-income and minority children - lack access to a computer at home. Does this impede educational achievement? We test this hypothesis by conducting the largest-ever field experiment involving...

Persistent link: https://www.econbiz.de/10009707556

Inside the crystal ball : new approaches to predicting the gasoline price at the pump

Baumeister, Christiane; Kilian, Lutz; Lee, Thomas - 2016

Although there is much interest in the future retail price of gasoline among consumers, industry analysts, and policymakers, it is widely believed that changes in the price of gasoline are essentially unforecastable given publicly available information. We explore several new forecasting...

Persistent link: https://www.econbiz.de/10011429580

Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe

Leith, Campbell B.; Malley, James R. - 2002

A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...

Persistent link: https://www.econbiz.de/10011409738

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