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How Important is Human Capital? A Quantitative Theory Assessment of World Income Inequality

Erosa, Andres; Koreshkova, Tatyana; Restuccia, Diego - University of Toronto, Department of Economics - 2007

-country differences in total factor productivity (TFP) that explains the variation in per-capita incomes across countries. We build a … quantitative implications of the theory. Our main finding is that human capital accumulation strongly amplifies TFP differences … across countries. In particular, we find an elasticity of output per worker with respect to TFP of 2.8: a 3-fold difference …

Persistent link: https://www.econbiz.de/10005704752

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2012

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of human capital accumulation that features a non-degenerate distribution of educational attainment in the population. We use this framework to...

Persistent link: https://www.econbiz.de/10010850113

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2012

Persistent link: https://www.econbiz.de/10009652001

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2008

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of schooling decisions in order to assess the quantitative contribution of technological progress in explaining the evolution of education. We...

Persistent link: https://www.econbiz.de/10005572541

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2010

earnings across educational groups and growth in aggregate labor productivity. These restrictions imply modest increases in …

Persistent link: https://www.econbiz.de/10008513292

The Evolution of Education : A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - 2008

Persistent link: https://www.econbiz.de/10014214147

Labor and investment demand at the firm level: A comparison of French, German and U.S. manufacturing, 1970–79

Mairesse, Jacques; Dormont, Brigitte - Université Paris-Dauphine (Paris IX) - 1985

We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974–75 crisis. We use three consistent panel data samples of large firms for 1970–79, and...

Persistent link: https://www.econbiz.de/10010772252

Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years

Hall, Bronwyn H.; Mairesse, Jacques; Mulkay, Benoit; … - EconWPA - 1999

We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation methods and changes in the practice of panel data...

Persistent link: https://www.econbiz.de/10005408002

Comparing labour and total factor productivity growth and level in France, Japan, the United Kingdom and the United States over the past century and in recent years

Cette, Gilbert; Kocoglu, Yusuf; Mairesse, Jacques - In: The open economics journal 2 (2009), pp. 45-60

The present study contributes to the analysis of economic growth by comparing labour ant total factor productivity (TFP …. During the last 25 years, productivity growth has also known contrasted developments in the four countries, in particular as … been characterised by: (i) rapid economic growth and large productivity gains in the four countries; (ii) a decline in …

Persistent link: https://www.econbiz.de/10010080120

Labour Market Regulations and Capital Labour Substitution

Cette, Gilbert - 2016

On the basis of a country*industry unbalanced panel data sample for 14 OECD countries and 18 industries covering the years 1988 to 2007, this study proposes an econometric investigation of the effects of the OECD Employment Protection Legislation (EPL) indicator on four components of total...

Persistent link: https://www.econbiz.de/10012981833