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This paper views teacher quality through the human capital perspective. Teacher quality exhibits substantial growth over teachers’ careers, but why it improves is not well understood. I use a human capital production function nesting On-the-Job-Training (OJT) and Learning-by-Doing (LBD) and...
Persistent link: https://www.econbiz.de/10013174484
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...
Persistent link: https://www.econbiz.de/10012404588
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10009764443
quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much … education policy (pre-primary education) on human capital and productivity to demonstrate the usefulness of the new measure for …
Persistent link: https://www.econbiz.de/10013186787
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 to range between 0.4% and 2.1% after 45 years, for 12 weeks and 2 years of …
Persistent link: https://www.econbiz.de/10014252528
-term consequences, among which are losses in human capital that will impact aggregate productivity for many years. Exploiting a new … losses in long-run aggregate productivity operating through the human capital channel could be at about 7% if the war lasts …
Persistent link: https://www.econbiz.de/10014304472
productivity growth: to increase the innovative capacity by participating in research and development (R&D), and to increase the …
Persistent link: https://www.econbiz.de/10012421142
The productivity slowdown in many OECD countries over the last decades coincided with a significant deceleration in … human capital growth. We show that nearly one-sixth of this productivity slowdown can be attributed to a decline in human … human capital to enhance productivity. Without policy intervention, continued declines in PISA scores could reduce long …
Persistent link: https://www.econbiz.de/10015154465
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10011602763
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011