Neoclassical models of choice are estimated for the Colombian labor market. In a first approach, it is assumed that labor market choices are sequential: first, agents decide wheter they pay participate or not; if they do, they choose to be employed or continue to search; if they decide to be...

This paper studies neighborhood effects using a dynamic general equilibrium model. Households choose where to live and how much to invest in their child's human capital. The return on parents' investment is determined in part by their child's ability and in part by a neighborhood externality. We...

This paper studies neighborhood effects using a dynamic general equilibrium model. Households choose where to live and how much to invest in their child's human capital. The return on parents' investment is determined in part by their child's ability and in part by a neighborhood externality. We...

The article consists of theoretical and analytical part. Theoretical part provides a brief review of the academic literature dealing with human capital, it´s accumulation and obsolescence. In The second part analyses selected qualitative characteristics of adult population in the CR and...

Analysing young people's educational choices, we derive and test implications of a relative risk aversion hypothesis: that educational choices are made so as to minimize the risk of ending up with a lower level of education than one's parents. These implications are in general different from...

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality essentially affects the bottom of the income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated will less,...

The study, which analyzes the rate of unemployment by education level of unemployed persons, divided into three parts. The first part deals with the theoretical explanatory variables used in the paper in order to analyze the structure of unemployment by education level. The second part presents...

This paper examines post-Soviet reforms on human capital development in Russia. The primitivization of economy in the first decade of reforms resulted in growing underemployment of skilled labour that drove out two streams of brain drain, viz. one, through classical emigration, and two, through...

This paper examines Philippine rural employment choice and patterns. It uses a first-of-a-kind dataset that consolidates data from the Family Income and Expenditure Survey 2000 (FIES), the Census of Population Barangay Schedule 2000 (CPH5), and the Agrarian Reform Community (ARC) Level of...

Apprenticeship training programs typically last several years and require substantial investments by training firms, largely due to the associated labor costs for participants and instructors. Nevertheless, apprentices also add significant value in the workplace. One tool to measure the costs...