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Firm-Specific Human Capital : A Skill-Weights Approach

Lazear, Edward P. - 2003

One problem with the theory of firm-specific human capital is that it is difficult to generate convincing examples of …

Persistent link: https://www.econbiz.de/10012469019

Policies to Create and Destroy Human Capital in Europe

Heckman, James J. - 2010

workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of … distortionary and inequitable. Actuarially fairer early retirement and pension schemes reduce the incentives to retire early and … strengthen incentives for human capital investment by increasing the time-horizon over which returns to human capital are …

Persistent link: https://www.econbiz.de/10012462883

Ben-Porath meets Lazear : Lifetime Skill Investment and Occupation Choice with Multiple Skills

Cavounidis, Costas - 2017

We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by...

Persistent link: https://www.econbiz.de/10012455314

The Structure of Wages and Investment in General Training

Acemoglu, Daron - 1998

In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...

Persistent link: https://www.econbiz.de/10012472459

Immigration, Human Capital Formation and Endogenous Economic Growth

Ehrlich, Isaac - 2015

Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last 4 decades. Moreover, the population share of skilled migrants has been approaching...

Persistent link: https://www.econbiz.de/10012456971

Human Capital and Industrialization : Evidence from the Age of Enlightenment

Squicciarini, Mara P. - 2014

While human capital is a strong predictor of economic development today, its importance for the Industrial Revolution has typically been assessed as minor. To resolve this puzzling contrast, we differentiate average human capital (literacy) from upper-tail knowledge. As a proxy for the...

Persistent link: https://www.econbiz.de/10012458447

The Power of Proximity to Coworkers : Training for Tomorrow or Productivity Today?

Emanuel, Natalia; Harrington, Emma; Pallais, Amanda - National Bureau of Economic Research - 2023

Amidst the rise of remote work, we ask: what are the effects of proximity to coworkers? We find being near coworkers has tradeoffs: proximity increases long-run human capital development at the expense of short-term output. We study software engineers at a Fortune 500 firm, whose main campus has...

Persistent link: https://www.econbiz.de/10014437011

Lessons from the Technology of Skill Formation

Heckman, James J. - 2005

Persistent link: https://www.econbiz.de/10012467543

The Technology of Skill Formation

Cunha, Flavio - 2007

This paper develops a model of skill formation that explains a variety of findings established in the child development and child intervention literatures. At its core is a technology that is stage-specific and that features self productivity, dynamic complementarity and skill multipliers....

Persistent link: https://www.econbiz.de/10012465816

Risks to Human Capital

Ebrahimian, Mehran - 2020

What is the connection between financing constraints and the equity premium? To answer this question, we build a model with inalienable human capital, in which investors finance individuals who can potentially become skilled. Though investment in skill is always optimal, it does not take place...

Persistent link: https://www.econbiz.de/10012479346