| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3337 |
| DP3337 Exchange Rate Monitoring Bands: Theory and Policy | |
| Marcus Miller; Luisa Corrado | |
| 发表日期 | 2002-04-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an approach that yields positive average human capital externalities if and only if the marginal social product of workers with above-average human capital exceeds their wage. As an application, we estimate the strength of average-schooling externalities in US cities between 1970 and 1990. |
| 主题 | International Macroeconomics |
| 关键词 | Marginal social product of human capital Wages Human capital externalities Imperfect substitution Perfect substitution Cities |
| URL | https://cepr.org/publications/dp3337 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532360 |
| 推荐引用方式 GB/T 7714 | Marcus Miller,Luisa Corrado. DP3337 Exchange Rate Monitoring Bands: Theory and Policy. 2002. |
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