The American Economic Review, Volume 96American Economic Association., 2006 |
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Página 812
... human capital of workers is endoge- nous . Time is continuous ; the discount rate of all agents is r . The mass 1 of workers die with a Poisson death rate of 8 and are replaced by newborn workers with no human capital . These newborn ...
... human capital of workers is endoge- nous . Time is continuous ; the discount rate of all agents is r . The mass 1 of workers die with a Poisson death rate of 8 and are replaced by newborn workers with no human capital . These newborn ...
Página 822
... human capital : firms prefer to invest in specific technologies . There is thus a strong complementarity between firm and worker behavior . This reinforces the differences between S and G economies , as well as the stability of each ...
... human capital : firms prefer to invest in specific technologies . There is thus a strong complementarity between firm and worker behavior . This reinforces the differences between S and G economies , as well as the stability of each ...
Página 835
... human capital of an s - year - experienced worker is = hs + 1 ( 18 ) h , + Qs , where 8 is the depreciation rate of human cap- ital . Q , is the addition to human capital due to the investment in period s and is a function of time ...
... human capital of an s - year - experienced worker is = hs + 1 ( 18 ) h , + Qs , where 8 is the depreciation rate of human cap- ital . Q , is the addition to human capital due to the investment in period s and is a function of time ...
Índice
5 | 720 |
MAYORG AND MARCH | 989 |
This Appendix explains in more detail | 1232 |
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agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking social security standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers zero