| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP714
|
| DP714 Endogenous Growth, Human Capital, and Industry Wages |
| Rudolf Winter-Ebmer
|
| 发表日期 | 1992-09-06
|
| 出版年 | 1992
|
| 语种 | 英语
|
| 摘要 | Lucas' 1988 model of the external effects of human capital formation is used as a starting point for an analysis of the impact of human capital on wages. Most empirical tests of new growth theory are based on time-series and cross-section data. This paper suggests a microeconometric approach to test Lucas' basic assumption of external effects of human capital. First, the internal effects of education are filtered out using wage functions for individuals. Second, the resulting industry wage premiums are regressed on industry-specific characteristics and, above all, on average human capital in the industry, to account for the external effects of human capital. The hypothesis is corroborated for Austria data. Finally, alternative hypotheses such as self-selection or varying individual human capital productivity in different sectors are examined. |
| 关键词 | Endogenous growth
External effects
Human capital
Industry wage differentials
|
| URL | https://cepr.org/publications/dp714
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529863
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推荐引用方式
GB/T 7714 |
Rudolf Winter-Ebmer. DP714 Endogenous Growth, Human Capital, and Industry Wages. 1992.
|
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