The paper integrates human-capital investments of heterogeneous individuals into a neoclassical growth framework. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the composition of the labor force. This interplay between...

According to empirical studies, the relation between the relative wage of skilled workers and their relative supply is U-shaped. This finding is explained by the effect of technological change on the incentives for humancapital investments made by heterogeneous individuals. -- Wage inequality ;...

The paper analyzes the effect of human-capital investments of heterogeneous individuals on the dynamics of the wage structure within a neoclassical growth model. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the...

The paper analyzes the effect of human-capital investments of heterogeneous individuals on the dynamics of the wage structure within a neoclassical growth model. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the...

Vielfältig motivierendes Übungs- und Studienbuch der Statistik, das sich bereits kurz nach Erscheinen einer außerordentlichen Beliebtheit erfreut. Die Übungsaufgaben sind durchweg in einen humorvollen , mitunter gar satirischen Zusammenhang eingebettet und unterscheiden sich diesbezüglich...