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By international standards, gross domestic product (GDP) per capita in Latin America is low: around one fourth of that of the United States. Moreover, in the last five decades, Latin America has failed to catch-up in wealth to the level of the United States while other countries at similar or...
Persistent link: https://www.econbiz.de/10009144869
rely on aggregate capital accumulation or aggregate relative price differences. More generally, the model can be used to … generate differences in capital accumulation, relative prices, and measured TFP. …
Persistent link: https://www.econbiz.de/10005771717
Most empirical investigations of the effects of cognitive skills assume that they are produced by schooling. Drawing on … control for endogeneity; and (4) point to limitations in using adult school attainment alone to represent human capital. …
Persistent link: https://www.econbiz.de/10010500566
levels and returns to human capital investments. These include the higher return to and level of schooling, the small effect …We use a model of human capital investment and activity choice to explain facts describing gender differentials in the … of healthiness on wages, and the large effect of healthiness on schooling for females relative to males. The model …
Persistent link: https://www.econbiz.de/10010282736
We develop a quantitative theory of human capital investments in order to evaluate the magnitude of cross … heterogeneous-agent economy with cross-sectional variation in ability, schooling, and expenditures on schooling quality. By … across countries, as documented in Hsieh and Klenow (2007). The parameters governing human capital production and random …
Persistent link: https://www.econbiz.de/10008486382
levels and returns to human capital investments. These include the higher return to and level of schooling, the small effect …We use a model of human capital investment and activity choice to explain facts describing gender differentials in the … of healthiness on wages, and the large effect of healthiness on schooling for females relative to males. The model …
Persistent link: https://www.econbiz.de/10008641780
Most empirical investigations of the effects of cognitive skills assume that they are produced by schooling. Drawing on … control for endogeneity; and (4) point to limitations in using adult school attainment alone to represent human capital. …
Persistent link: https://www.econbiz.de/10010254285
This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to Ø-convergence, using a newly constructed eightsector database. The main findings are twofold. First, both within and sectoral reallocation have become important...
Persistent link: https://www.econbiz.de/10013191630
We investigate the role of sectoral differences in labor productivity in explaining the process of structural transformation - the secular reallocation of labor across sectors - and the time path of aggregate productivity across countries. Using a simple model of the structural transformation...
Persistent link: https://www.econbiz.de/10005771670
We investigate the role of sectoral differences in labor productivity and the process of structural transformation (the secular reallocation of labor across sectors) in accounting for the time path of aggregate productivity across countries. Using a simple model of the structural transformation...
Persistent link: https://www.econbiz.de/10005827269