أعرض تسجيلة المادة بشكل مبسط

dc.creator Carstensen, Kai
dc.creator Gundlach, Erich
dc.creator Hartmann, Susanne
dc.date 2008
dc.date.accessioned 2013-10-16T06:09:31Z
dc.date.available 2013-10-16T06:09:31Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4241
dc.identifier ppn:560140266
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4241
dc.description We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality within a production function framework. The previous empirical literature has not reached a consensus about the size of the education externality, which is given by the difference between the microeconomic and the macroeconomic return to education. Relative to our benchmark value that is based on a parameterization of the derived specification, we find that the estimated education externality is too large when the empirical model is not properly restricted, and appears to be absent when all control variables of the empirical model are properly accounted for. We note that the absence of an education externality would be inconsistent with observed levels education subsidies.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1408
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O4
dc.subject ddc:330
dc.subject Augmented Solow model
dc.subject Education externalities
dc.subject Mincer equation
dc.subject Solow-Modell
dc.subject Externer Effekt
dc.subject Bildungsertrag
dc.subject Schätzung
dc.subject Welt
dc.title The augmented Solow model with Mincerian schooling and externalities
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط