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Returns for Entrepreneurs vs. Employees: The Effectof Education and Personal Control on the RelativePerformance of Entrepreneurs vs. Wage Employees
Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - Institut zur Zukunft der Arbeit <Bonn> - 2009
How valuable is education for entrepreneurs’ performance as compared to employees’?What might explain any differences …? And does education affect peoples’ occupationalchoices accordingly? We answer these questions based on a large panel of US … labor forceparticipants. We show that education affects peoples’ decisions to become an entrepreneurnegatively. We show …
Persistent link: https://www.econbiz.de/10009360612
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Piece rates and learning: understanding work and production in the New England textile industry a century ago.
Leunig, Timothy - London School of Economics and Political Science - 2003
New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c. 1905. Despite this, variable capital-labour ratios meant high labour turnover reduced aggregate labour productivity only fractionally. The combination of variable...
Persistent link: https://www.econbiz.de/10005870600
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State-Building, The Original Push For Institutional Changes In Modern China, 1840-1950
Deng, Kent G. 171897390 - London School of Economics and Political Science - 2004
The period of 1840 (when the Opium War broken out) till now is commonly regarded as China’s modern era, ‘modern’ in terms of China’s departure from its original growth and developmental path. In this context, the term modern has been intimately associated with something alien to the...
Persistent link: https://www.econbiz.de/10005870888
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Schools, School Quality and Academic Achievement:Evidence from the Philippines
Bacolod, Marigee P.; Tobias, Justin L. - Iowa State University of Science and Technology <Ames, … - 2004
children's achievement growth using the education production function.Using rich data from the Philippines, we introduce and …
Persistent link: https://www.econbiz.de/10009360895
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It's So Hard to Get Good Help
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012
There is a growing chorus of policy analysts and pundits telling the country that we could have millions more jobs in manufacturing, if only we had qualified workers. This claim has the interesting feature that it places responsibility for the lack of jobs on workers, not on the people who get...
Persistent link: https://www.econbiz.de/10009651287
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10010308561
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10008856384
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Incomplete markets and parental investments in children
Abbott, Brant - 2021 - This draft: February 10, 2021
The effect of incomplete markets on parental investments is investigated. Uninsured risk and credit constraints can distort the timing of parental investments, causing them to be delayed relative to what would occur under full-insurance. Age-dependent subsidies, taxes or transfers can all...
Persistent link: https://www.econbiz.de/10012429690
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Education and "human capitalists" in a classical-Marxian model of growth and distribution
Dutt, Amitava Krishna; Veneziani, Roberto - 2017
A simple classical-Marxian model of growth and distribution is developed in which education transforms low … who only receive wage income into one in which education and human capital play a major role. We show than an expansion in … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …
Persistent link: https://www.econbiz.de/10011596528
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Market Cycles for a Non-Storable Product underAdjustment Costs
Hennessy, David A.; Lapan, Harvey E. - Iowa State University of Science and Technology <Ames, … - 2004
When adjustment costs are present, cyclical preference and technology heterogeneities in aproduct’s markets induce cycles in production. We exploit cyclic and dihedral groupinvariances in an industry’s cost technology to describe these patterns. We show whenequilibrium cyclical pricing and...
Persistent link: https://www.econbiz.de/10009360903