Questions tagged [human-capital]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
2 votes
1 answer
58 views

Why is human capital per worker multiplied by wage per worker?

I am studying a paper entitled "The Past and Future of Knowledge-Based Growth" by Strulik et al (2013) where the budget constraint is written as: $$w_{t}h_{t}(1-\tau n_{t})=c_{t}^{1}+s_{t}+...
user avatar
0 votes
1 answer
25 views

Can technological investments and advancements be used as monetary policy tool to fight high inflation (or its prospects)?

As of today (2021.12) inflation figures are high (the prospects are under discussions but risks of high inflation can be projected to the future as well) and monetary tightening is in the cards. That ...
user avatar
  • 355
1 vote
1 answer
68 views

Wages are lower than 30 years ago in Italy, why?

Recently I've seen some statistics about wage growth in the European Union in the last 30 years and surprisingly, Italy is the only country with a negative value. So, what is the root of this problem? ...
user avatar
  • 11
2 votes
1 answer
61 views

Human Capital Vs TFP

I'm interested in familiarizing myself with some of the intra-debates that have occurred over the years, having to do with Mankiw, Romer, Weil (1992) and Klenow, Rodriguez-Clare (1997). Some argue ...
user avatar
2 votes
1 answer
58 views

Acemoglu - Introduction to Economic Growth - Existence of a one-to-one relation between human and physical capital

In the book the author claims that equation $(1)$ $$ f_x(x(t),y(t)) - f_y(x(t),y(t)) = a - b \hspace{10mm} (1) $$ where $f_x(\cdot)$ is the partial derivative of $f(\cdot)$ with respect to $x$ and $a,...
user avatar
1 vote
1 answer
216 views

Solving Constrained Optimization Problem with Two-Period Model of Human Capital

I'm trying to solve a constrained optimization problem in human capital model. The objective function is $\max_{c_1,c_2,\nu} U = u(c_1) + \beta u(c_2)$, subjected to $c_1 = w +(1-\nu)\theta_1 h_1^a$ ...
user avatar
  • 63
0 votes
0 answers
32 views

According to human capital theory, in which country will citizens be more likely to go to college?

Assume that in country A college tuition is 10,000 per year, citizens save 5% of their income for retirement, and there is a mandatory retirement age of 60 years old. In country B, the tuition for ...
user avatar
0 votes
1 answer
42 views

DSGE model with agents that develop their skills

Are there DSGE models with agents with different skill levels (and according wage differences) who can develop or lose their skills and with employees with dynamic/changing skill levels and skill ...
user avatar
  • 355
2 votes
2 answers
49 views

Do mainstream economic models use the blank-slate view of humans?

Human capital is an important part of GDP forecasting. Do the models in use today view humans as "blank slate", meaning they can be educated to the same level, or do they take into account ...
user avatar
  • 143
0 votes
0 answers
39 views

Does improvement in human capital reduces regional disparity?

I am an undergraduate student and I am finding out if this could be a good thesis topic since I haven't encountered any text regarding this also when I found one related to this it is on the other way ...
user avatar
4 votes
1 answer
109 views

Does brain drain really affect a nation's growth trajectory?

Take India as an example. India has been losing most of its bright minds to the west. India also ranks low in development. I would like to get a definitive answer to this cause-effect type question. ...
user avatar
1 vote
0 answers
27 views

Best financial model to proportionally distribute the company's income to all employees?

I'm planning to start a project of something "innovative". And among some of the parts of the project that I'm thinking about, it's in the term of how money (profits) should be distributed. The truth ...
user avatar
0 votes
1 answer
39 views

Macroeconomic models with labor-replacing capital?

I am reading article http://public.gettysburg.edu/~tlin/research/robots-main.pdf "A New Keynesian Model with Robots: Implications for Business Cycles and Monetary Policy" and I wonder how actual this ...
user avatar
  • 355
1 vote
1 answer
78 views

Human capital for under developed countries

I am currently undergoing a study on economic growth in 11 countries: Bangladesh, Egypt, Indonesia, Iran, Mexico, Philippines, Pakistan, South Korea, Turkey and Vietnam. I plan to use panel regression....
user avatar
9 votes
3 answers
480 views

Is there an alternative metric to GDP that measures a country's assets rather than flows?

The Gross domestic product measures the value of all final goods and services produced in a period. This has some limitations. For example, if a car hits a lightpost and both need to be repaired and ...
user avatar
  • 1,724
1 vote
0 answers
952 views

What does the elasticity of substitution between capital and labour mean?

For example, if i have elasticity of substitution equal to 5 and 0.6 what does it imply about the capital to labor ratio? When it is 5 does it imply that it is easier to replace labor with capital. As ...
user avatar
  • 11
2 votes
2 answers
79 views

Human Capital and Investment into Children

Famous labor economist James Heckman made the argument that given money for investing into educating people, we should invest into young children, and pretty much only that age group, because they ...
user avatar
  • 6,407
3 votes
1 answer
54 views

Data on Directed Technical Change

I'm interested in technologies that are directed towards improving productivity of workers with high human capital. What kind of data could one use to look at directed technical change, as in Howard-...
user avatar
  • 10.4k