• Recent Developments in Intergenerational Mobility (Handbook of Labor Economics). (uni-muenchen.de)
  • Card D. [1999], The Causal Effect of Education on Earnings, Handbook of Labor Economics, Elsevier. (waw.pl)
  • The proposed model is based on a two-asset model by Kaplan, Violante and Weidner [2014] with an extension to allow for endogenous accumulation of human capital and is confronted with empirical data on US households from the Survey of Consumer Finances (SCF). (waw.pl)
  • Against the background of inconclusive evidence about the inequality-growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. (uni-muenchen.de)
  • Inequality, Human Capital Formation and the Process of Development (NBER Working Paper No. 17058). (uni-muenchen.de)
  • From Physical to Human Capital Accumulation: Inequality and the Process of Development. (uni-muenchen.de)
  • Inequality, Human Capital and Development: Making the Theory Face the Facts (MPRA Paper No. 18973). (uni-muenchen.de)
  • Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, a lower population-wide satisfaction and happiness and even a lower level of economic growth when human capital is neglected for high-end consumption. (wikipedia.org)
  • 2013 Economics Nobel prize winner Robert J. Shiller said that rising inequality in the United States and elsewhere is the most important problem. (wikipedia.org)
  • In two studies Robert Putnam established links between social capital and economic inequality. (wikipedia.org)
  • Inequality and gender economic inclusion: The moderating role of financial access in Sub-Saharan Africa ," Economic Analysis and Policy , Elsevier, vol. 65(C), pages 173-185. (repec.org)
  • The boom gave way, in the 2000s, to a decade of protracted growth, worsening labour market conditions, steady accumulation of external imbalances, and rising debt. (cepr.org)
  • Against this backdrop, the performance of the Portuguese economy in the last two decades is often framed as a process of steady deterioration of price competitiveness and accumulation of imbalances, culminating in a severe recession and a regenerative adjustment programme (Chen et al. (cepr.org)
  • My analysis at quarterly frequencies suggests that the financial system is crucial in reconciling imbalances between the positive operating cash flows and capital expenditures. (federalreserve.gov)
  • Aiyagari R. [1994], Uninsured Idiosyncratic Risk and Aggregate Saving, Quarterly Journal of Economics, 109(3): 659-684. (waw.pl)
  • Shocks that affect the degree of efficiency of the financial system in allocating private savings to productive needs can have large effects on capital accumulation and aggregate activity. (federalreserve.gov)
  • We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the initial population size on the levels of per capita human capital and income. (repec.org)
  • Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms ," LIDAM Discussion Papers IRES 2011039, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). (repec.org)
  • Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms ," Journal of Mathematical Economics , Elsevier, vol. 49(4), pages 312-334. (repec.org)
  • Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms ," Post-Print hal-01498251, HAL. (repec.org)
  • Educational quality thresholds in the diffusion of knowledge with mobile phones for inclusive human development in sub-Saharan Africa ," Technological Forecasting and Social Change , Elsevier, vol. 129(C), pages 164-172. (repec.org)
  • Educational Quality Thresholds in the Diffusion of Knowledge with Mobile Phones for Inclusive Human Development in Sub-Saharan Africa ," Research Africa Network Working Papers 17/057, Research Africa Network (RAN). (repec.org)
  • Educational Quality Thresholds in the Diffusion of Knowledge with Mobile Phones for Inclusive Human Development in Sub-Saharan Africa ," MPRA Paper 85484, University Library of Munich, Germany, revised Sep 2017. (repec.org)
  • Journal of agricultural Economics and Rural Development, 6(2), 808-820. (uni-lj.si)
  • Previous researches have proved the positive effect of creative human capital and its development on the development of economy. (hindawi.com)
  • The expansion of the scale of education, development of healthy environment, growth of GDP, development of skill training, and population migration could reduce the input of creative human capital and promote the technical efficiency, while development of trade and institutional change, on the contrary, would block the input of creative human capital and the promotion the technical efficiency. (hindawi.com)
  • Since American economist Schultz put forward Human Capital Theory in 1960s, the Human Capital Theory and its impact on social and economic development are one of the hot research issues for specialists and scholars at home and aboard. (hindawi.com)
  • Human capital usually has greater appreciation of space than material capital and other production factors, especially in the postindustry era and in the stage of rapid economic knowledge development. (hindawi.com)
  • As a "live" capital form, human capital, with its creativity and innovation, has greater value and development potential in the aspects of optimizing allocation of resources or speeding up the economic development and promoting the social progress. (hindawi.com)
  • A lot of researches show that human capital is playing a more and more significant role in the development of national culture or society or economy or employment or income and so on [ 5 - 8 ]. (hindawi.com)
  • If virtual worlds do become a large part of the daily life of humans, their development may have an impact on the macroeconomies of Earth. (gamestudies.org)
  • In order to stay consistent with the standard NIPA data, we define intangibles as the sum of two categories: "intellectual property products" ( IPP )-which consists of research and development (R&D), software, and entertainment and artistic products-and investment in information processing equipment, i.e., high-tech equipment ( HT ). (chicagofed.org)
  • From this perspective, globalization is seen as a cause of factor accumulation and thereby offers a means of endogenizing certain types of economic growth and development. (claremont.edu)
  • While we find consensus with respect to some of the factors that contribute to development -investment in physical and human capital for instance- the controversy on the significance of others remains. (conicyt.cl)
  • English Abstract: The article intends to give continuity to the theoretical proposals made in two previ-ous articles, in which the existence of a relationship between the process of capital accumu-lation, the inequity in the distribution of national income among the factors of production, and therefore the imbalance in the use of these. (uni-muenchen.de)
  • 1 , * They point out that Nobel never would have approved of a prize in economics since it is not a science - and would have disapproved even more that most of the prizes were given to Western, neoclassical economists using mathematized, abstract models - far from Nobel's wider concerns. (cadmusjournal.org)
  • To start, investment is defined as the accumulation of assets that can be used for future production or consumption. (chicagofed.org)
  • Increasingly, however, economies are relying on a stock of intangible assets, such as patents or computer programs and applications, but also general know-how and business processes, human capital, and networks of relationships with customers or suppliers. (chicagofed.org)
  • After all, no one really still believes that an inflow of bullion (or a net accumulation of financial assets, which amounts to the same thing) is of great intrinsic value for an economy. (mronline.org)
  • Distributive Politics and Economic Growth, Scholarly Articles 455178, Harvard University Department of Economics. (uni-muenchen.de)
  • Inflation and Economic Growth ," Annals of Economics and Finance , Society for AEF, vol. 14(1), pages 121-144, May. (repec.org)
  • South African Journal of Economics , Economic Society of South Africa, vol. 85(4), pages 533-552, December. (repec.org)
  • It is generally accepted that human capital is a reflection of the quality of labor capital, and human capital consists of economic value of knowledge, technology, ability, and healthy quality which condenses on laborers [ 1 , 2 ]. (hindawi.com)
  • Schultz claimed that the contribution to economic growth from the improvement of human capital such as human's knowledge or ability and health is more important than the increase of material force and the number of labor [ 9 ]. (hindawi.com)
  • The differences among education investment, health investment, and family economic income invariably tend to raise up the differences of human capital stock directly [ 12 , 13 ], while the differences of human capital will lead to the differences of their effects. (hindawi.com)
  • Studies have shown that the effects of human capital that received higher education, on individual performance, total productivity, technological progress, economic growth, and international trade, are significantly greater than the human capital which received secondary education and basic education [ 14 - 18 ]. (hindawi.com)
  • This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and economic growth since the emergence of the human species. (ssrn.com)
  • The theory suggests that prolonged economic stagnation prior to the transition to sustained growth stimulated natural selection that shaped the evolution of the human species, whereas the evolution of the human species was the origin of the take-off from an epoch of stagnation to sustained growth. (ssrn.com)
  • It concludes with some ideas to avoid that the productive process is oriented to-wards the creation of said Funds and to develop a more efficient and effective economic structure. (uni-muenchen.de)
  • According to this view, the adjustment programme set in motion a domestic deflationary process that helped restore external competitiveness and, thus, improve economic performance. (cepr.org)
  • In fact, the history of real economic crises has never caused the neoclassical mainstream of economics to enter into any paradigm shift (pp.4f. (exploring-economics.org)
  • IQ is strongly related, probably more so than any other single measurable human trait, to many important educational, occupational, economic, and social outcomes. (gwern.net)
  • Economic growth is perhaps the most studied subject in economics literature. (conicyt.cl)
  • [1] Market participants or Economic agents consist of all the buyers and sellers of a good who influence its price , which is a major topic of study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand . (wikipedia.org)
  • In economics, a market is a coordinating mechanism that uses prices to convey information among economic entities (such as firms , households and individuals) to regulate production and distribution. (wikipedia.org)
  • Internal and external factors in innovation persistence," in Economics of Innovation and New Technology , 22: 256-280, May 2013. (carloalberto.org)
  • Thus, the objective that is proposed to ana-lyze and discuss this work is the process of capital accumulation itself to discover the im-plicit relationships that determine it, and that lead it to generate a structure of factors of production's remuneration that does not correspond with the needs and resources of the population. (uni-muenchen.de)
  • Prominent "losers" in advanced countries may be owners of factors of production used at the upstream end of a lenthy production process, while "winners" are factors of production involved in downstream production or final assembly. (claremont.edu)
  • Although research on feral crops and the process of feralization has advanced rapidly in the last two decades, generalizable insights have been limited by a lack of comparative research across crop species and other factors. (weizmann.ac.il)
  • 1995) Human Factors in Virtual Environments for the Visual Analysis of Scientific Data. (geotrade-gmbh.com)
  • Andrew R. Smolski is a researcher in the Department of Agricultural and Human Sciences at North Carolina State University. (pitt.edu)
  • Efficiency of Production in Selected Livestock Enterprises in Akwa Ibom State, Nigeria Unpublished Ph.D Dissertation, Department of Agricultural Economics, Michael Okpara University of Agriculture, Umudike, Nigeria. (uni-lj.si)
  • Complexity and technological change: knowledge interactions and firm level total factor productivity," Journal of Evolutionary Economics, 23: 19, February 2013. (carloalberto.org)
  • Complexity and technological change: knowledge interactions and firm level total factor productivity," Journal of Evolutionary Economics , 23: 77-96, January 2013. (carloalberto.org)
  • Gender Wage Gaps Reconsidered: A Structural Approach Using Matched Employer-Employee Data," Journal of Human Resources , 48 (4): 998-1034, 2013. (carloalberto.org)
  • Journal of Accounting and Economics (Elsevier) 3. (pinggu.org)
  • Journal of Business Venturing (Elsevier) General Management 7. (pinggu.org)
  • Ben Porath Y. [1967], The Production of Human Capital and the Life Cycle of Earnings, Journal of Political Economy, 75(4): 352-365. (waw.pl)
  • Bovenberg L., Jacobs B. [2005], Redistribution and Education Subsidies are Siamese Twins, Journal of Public Economics, 89(11-12): 2005-2035. (waw.pl)
  • Carroll C. [1997], Buffer-stock Saving and the Life Cycle/Permanent Income Hypothesis, Quarterly Journal of Economics, 112(1): 1-55. (waw.pl)
  • Canadian Journal of Economics, 40 (1). (lse.ac.uk)
  • The ever-increasing abstractions in finance and its models based on "efficient markets" and "rational actors": capital asset pricing, Value-at-Risk, Black-Scholes Options Pricing have been awarded most of the Bank of Sweden prizes since they were founded in the 1960s and foisted onto the Nobel Prize Committee. (cadmusjournal.org)
  • Now, the family of Alfred Nobel, led by lawyer Peter Nobel, has disassociated itself from the Bank of Sweden Prize in Economics In Memory of Alfred Nobel. (cadmusjournal.org)
  • As a consequence, they accumulate more human capital than poor HtM households. (waw.pl)
  • In my model, entrepreneurs are endowed with random heterogeneous technologies to accumulate physical capital. (federalreserve.gov)
  • The analysis is carried out by endogenizing both appropriate technologies and human capital formation, by refining the human capital accumulation process though the introduction of uncertainty about worker quality and training efficiency, and by allowing for international diffusion of technology as a function of the host country's endogenous ability to absorb technological spillovers. (readabstracts.com)
  • Generally, the formation of human capital mainly depends on the input of education, health and income, and so forth [ 10 , 11 ]. (hindawi.com)
  • The accumulation of capital is then proposed as a process that results in the formation of a Redundant Accumulation Fund and a Redundant Consumption Fund that weaken the conditions of the free market, and what we call the "endogenization" of com-petition. (uni-muenchen.de)
  • Mechanically, it reflects the higher growth potential of economies that are catching up with advanced economies by closing the technology gap, improving institutional capacity and fostering the accumulation of physical and human capital. (europa.eu)
  • Humanity has entered the Anthropocene Epoch in which human changes have become the predominant factor in evolution. (mdpi.com)
  • This paper also examines the (two-way) relationship between globalization and factor accumulation, particularly of capital and human capital. (claremont.edu)
  • Factor accumulation, however, also affects optimal globalization. (claremont.edu)
  • This transition has profound bearing on human productive capabilities, adaptability, creativity and values, the organization of economy, public policy, social awareness and life styles that determine sustainability. (mdpi.com)
  • We expand the model presented by Galor and Zeira (1993) to represent the fact that the economy benefits from endogenous technological progress and that the government provides financial aid to reduce the financial hurdles for human capital accumulation. (uni-muenchen.de)
  • In mainstream economics , the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information . (wikipedia.org)
  • Accounting, Organisations and Society (Elsevier) 2. (pinggu.org)
  • A study of sustainability needs to consider the role of all forms of capital-natural, biological, social, technological, financial, cultural-and the complex ways in which they interact. (mdpi.com)
  • The general human capital contains social average knowledge stock and the ability of analysis, computing ability, learning ability, and adaptability, and the corresponding social role is the division of ordinary workers. (hindawi.com)
  • The main goal of this paper is to analyse the role of human capital in the incidence of hand-to-mouth (HtM) consumers: those who have no liquid resources. (waw.pl)
  • Yamada Fukusaki, GA , Molina Campodonico, O & Velásquez, D 2018 ' Mining and human capital accumulation: the role of the return to education ' Peruvian Economics Association, n.º 135, pp. 1-38. (edu.pe)
  • expansive ebook Fracture Mechanics, honest losing of humans and role languages with Prime Video and important more free stories. (polytone.net)
  • Although strictly speaking not an intangible, high-tech equipment is included because this type of capital is highly complementary to intellectual property products (e.g., software is not useful without a computer). (chicagofed.org)
  • I introduce stylized financial intermediaries (banks) that bear a cost to transfer resources from entrepreneurs with poor capital accumulation technologies to investors with efficient capital production skills. (federalreserve.gov)
  • Edward Castronova is Associate Professor of Economics at California State University, Fullerton, USA. (gamestudies.org)
  • Cambridge, UK: Cambridge University Press, 335 education In: resource of Crime, Law and Deviance, excited by Jeffery T. New York: Elsevier Science, 279 opinion apparent Features of the interval. (superquadri.com.br)
  • In the recent past, that has come from a combination of one large global player (the US economy, which has served as the engine of growth for much of the rest of the world) and a number of smaller economies running smaller deficits financed by capital flows. (mronline.org)
  • This gives rise to a classic dilemma of mercantilist strategy, which is evident in an exaggerated form today for the neo-mercantilist economies: they are forced to finance the deficits of those countries that would buy their products, through capital flows that sustain the demand for their own exports. (mronline.org)
  • Similarly, too often economists and politicians describe money flows in economies as analogous to the human body's circulatory system. (cadmusjournal.org)
  • All forms of capital derive their value, utility and application from human mental awareness, creativity and social innovation. (mdpi.com)
  • Efficient resource use: Does human capital matter? (uni-lj.si)
  • Yet, the technical efficiency of creative human capital and its effects are still under research. (hindawi.com)
  • The research results indicate that, in this period, the entirety of creative human capital in China and the technical efficiency value in different regions and different provinces is still in the low level and could be promoted. (hindawi.com)
  • For both types of households, their status depends on having a steep income path, which is endogenous because of endogenous human capital accumulation. (waw.pl)
  • Essays in behavioral economics: Applying prospect theory to auctions - [!reward_solved! (pinggu.org)
  • We prove that the level effect of the population rate of growth is non-negative (positive in the empirically most relevant case) for the average level of human capital, but a priori ambiguous for the level of per capita income due to the interaction of three transmission mechanisms of demographic shocks, a standard one (dilution) and two non-standard (altruism and human capital accumulation). (repec.org)
  • Moreover, we also prove that the long-run level effects of population size on per capita human capital and income may be negative, nil, or positive, depending on the relationship between preferences and technology, while its growth effect is zero. (repec.org)
  • According to the differences of human capital stock, human capital can be divided into general human capital, professional human capital, and creative human capital. (hindawi.com)
  • But this "runaway" accumulation process bears no relationship to the real world - only to the value system. (cadmusjournal.org)
  • The literature has long tried to explain the casual relationship between natural resources booms and human capital accumulation but yet with no definitive answer. (edu.pe)
  • It is a pleasure to contribute to UCLA's Master of Applied Economics Distinguished Speaker Series. (europa.eu)
  • The scenario process employs a range of techniques-research, brainstorming, story telling-and attempts to sketch a series of narrative accounts which delineate the boundaries of what could conceivably occur going forward. (mit.edu)
  • The mismatch is between the real-world economies, where real people grow food, make shoes, clothes, shelter and tools in real factories, versus the human mind's tendencies toward abstraction. (cadmusjournal.org)
  • Money is a useful information system for tracking our use of nature's resources and scoring the games we humans play, but it gradually became mistakenly equated with the real wealth of nations. (cadmusjournal.org)
  • Overall, the sign of the level effects of population growth depend on preference and technology parameters, but numerically we show that the joint negative effect of dilution and altruism is always stronger than the finduced positive human capital effect. (repec.org)
  • Professional human capital has a special professional knowledge and professional ability, which generally accepts special professional knowledge through formal education or on-the-job training. (hindawi.com)
  • Thus our mental models are memes that crystallize into habits, dogmas and outdated theories such as those in conventional economics and finance. (cadmusjournal.org)
  • Large deviations of cascade processes on graphs," Physical Review E , 87: 62115, June 2013. (carloalberto.org)
  • In more equal societies, people are much more likely to trust each other, measures of social capital (the benefits of goodwill, fellowship, mutual sympathy and social connectedness among groups who make up a social units) suggest greater community involvement, and homicide rates are consistently lower. (wikipedia.org)
  • This makes human capital, including social capital, the central determinant of resource productivity and sustainability. (mdpi.com)
  • Much confusion arises because economics inappropriately analogizes from some of these models from the physical, social, and biological realms. (cadmusjournal.org)
  • In economics , a market is a composition of systems , institutions , procedures, social relations or infrastructures whereby parties engage in exchange . (wikipedia.org)
  • This article is part of a larger assessment process of the first Science and Implementation Plan of the Earth System Governance programme that defined access and allocation as one of its central analytical problems (Biermann et al. (springer.com)
  • Generations of scholars since Aristotle's treatises on "just prices" have examined the myths and human experiments in creating money and systems of exchange, from mutual fund manager Stephen Zarlenga's "The Lost Science of Money" (2002) and Prof. Margrit Kennedy's "Interest and Inflation Free Money" (1995) to lawyer Ellen Brown's "Web of Debt" (2007). (cadmusjournal.org)