scholarly journals The Texas Drilling Boom and Local Human Capital Investment

2019 ◽  
Vol 51 (02) ◽  
pp. 199-218 ◽  
Author(s):  
Craig Wesley Carpenter ◽  
David Anderson ◽  
Rebekka Dudensing
Keyword(s):  
High School ◽  
Human Capital ◽  
Capital Investment ◽  
Secondary Schooling ◽  
Oil Drilling ◽  
Oil Boom ◽  
Level Data ◽  
Wage Effects ◽  
High School Dropout Rates

AbstractResearchers and citizens alike question the long-term impacts of the shale oil boom on local communities. Studies have considered the boom’s effects on employment, income, mobility, and human capital acquisition. This research specifically builds on research considering shale effects on secondary schooling. Using county-level data from Texas, we investigate two questions: (1) Has the latest oil boom led to a reduction in local high school graduation? (2) Is this effect different for immigrants, a group potentially vulnerable to local wage effects? Findings indicate insignificant overall effects; however, local oil drilling increases immigrant high school dropout rates.

Rethinking Labor Demand

2020 ◽  
pp. 174-194
Author(s):  
Phillip Brown
Keyword(s):  
Human Capital ◽  
Labor Markets ◽  
Capital Investment ◽  
Labor Demand ◽  
Occupational Structure ◽  
Life Chances ◽  
Orthodox Theory ◽  
Investments In Education ◽  
And Training

This chapter turns to questions of labor demand at the heart of the new human capital. It rejects Gary Becker’s claim that orthodox theory offered an entirely new way of looking at labor markets, where the main focus is on labor scarcity and a skills competition, in which individuals, firms, and nations compete on differential investments in education and training. It also rejects David Autor’s claim that the issue is not that middle-class workers are doomed by automation and technology, but instead that human capital investment must be at the heart of any long-term strategy for producing skills that are complemented by rather than substituted for by technological change. The chapter argues that the new human capital rejects the view that demand issues can be resolved through a combination of technological and educational solutions. Rather a jobs lens is required to shed new light on changes in the occupational structure, transforming the way people capitalize on their education, along with the distribution of individual life chances.

scholarly journals Population and Economic Growth Under Different Growth Engines

2017 ◽  
Vol 18 (2) ◽  
pp. 182-211 ◽  
Author(s):  
Alberto Bucci ◽  
Xavier Raurich
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Human Capital ◽  
Population Growth ◽  
Capital Accumulation ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Physical Capital ◽  
Long Run

Abstract Using a growth model with physical capital accumulation, human capital investment and horizontal R&D activity, this paper proposes an alternative channel through which an increase in the population growth rate may yield a non-uniform (i.e., a positive, negative, or neutral) impact on the long-run growth rate of per-capita GDP, as available empirical evidence seems mostly to suggest. The proposed mechanism relies on the nature of the process of economic growth (whether it is fully or semi-endogenous), and the peculiar engine(s) driving economic growth (human capital investment, R&D activity, or both). The model also explains why in the long term the association between population growth and productivity growth may ultimately be negative when R&D is an engine of economic growth.

The effect of the Sarbanes–Oxley Act on firm productivity

2016 ◽  
Vol 9 (2) ◽  
pp. 120-142
Author(s):  
Hsihui Chang ◽  
Helen HL Choy
Keyword(s):  
Capital Investment ◽  
Negative Impact ◽  
Firm Productivity ◽  
Firm Level ◽  
Content Type ◽  
A Value ◽  
Sarbanes Oxley ◽  
Output Elasticity ◽  
Level Data

Purpose This paper aims to examine the effect of the Sarbanes–Oxley Act (SOX), which was signed by President George W. Bush and came into effect on July 30, 2002, on firm productivity. Design/methodology/approach The authors use the total factor productivity (TFP) as our measure of firm productivity. Findings Analyzing annual firm-level data from the Compustat database for the period of 1991-2006, the authors find that firm productivity increases at a higher rate in the post-SOX period. The results indicate that, although firms incur significant costs in complying with the requirements of the SOX, they also benefit from these requirements as evidenced by the improved productivity over time post-SOX. There is also a shift in the output elasticities from capital toward labor. The SOX has a positive effect on the output elasticity of labor but a negative impact on that of capital. Research limitations/implications The results have the following important implications. The SOX is a value-enhancing regulation in that it not only strengthens a firm’s corporate governance but also improves its productivity. However, compliance with the SOX can impose a long-term cost on firms: the decrease in the capital investment, leading to a decline in the output elasticity of capital. If this decline in the capital investment continues, it can have an adverse effect on firm productivity in the long term. Originality/value This paper extends the literature along the line of the actual operational effects of the SOX regulation by examining its effect on the productivity of firms.

Education, Divorce, and Household Income Inequality in Hong Kong

2017 ◽  
Author(s):  
Yue Chim Richard Wong
Keyword(s):  
Human Capital ◽  
Early Childhood ◽  
Income Inequality ◽  
Government Policy ◽  
Capital Investment ◽  
Divorce Rates ◽  
The Government ◽  
Income Dispersion ◽  
Early Childhood Students

Education is the most important determinant of income dispersion among individuals and, indirectly, among households. Government policy should place human capital investment at the center of its strategy to reduce poverty and enhance inter- generational mobility. Rising divorce rates should be given far more attention as a growing source of poverty that impedes intergenerational mobility. Investing in the children of poor and broken families is the best policy to reduce long-term income inequality. Society should provide additional subsidies and support to students from these families as an investment in their human capital, especially during their early childhood. Students with ability should be offered scholarships to study in the best schools. The government does not have to fund everything, but it should take the lead to encourage private contributions for this purpose.

scholarly journals The Influence of Regional Resident Human Capital Investment on Income Gap Based on the perspective of population migration

2021 ◽  
Vol 235 ◽  
pp. 01028
Author(s):  
Mingfei Ding ◽  
Jinsong Pei
Keyword(s):  
Human Capital ◽  
Data Model ◽  
Capital Investment ◽  
Empirical Test ◽  
Human Capital Investment ◽  
Population Migration ◽  
Income Gap ◽  
Test Population ◽  
Positive Effect

With the development of China’s economic level and transportation, China’s population migration scale is constantly enhanced, population migration investment way of human capital investment, has a greater impact on the income level of residents. This paper analyzes the mechanism of population migration’s influence on the income gap and research achievements of predecessors, then on the basis of the eight regional division, has analyzed china area ask migration scale and the present situation of the income gap, and finally by constructing panel data model, the empirical test population migration’s influence on regional smell of resident’s income gap. Finally, it is found that investment in population migration has a long-term positive effect on the income gap.

scholarly journals Human Capital Situation in Indian Pharmaceutical Sector

2019 ◽  
Vol 8 (3) ◽  
pp. 2980-2983
Keyword(s):  
Human Capital ◽  
Competitive Advantage ◽  
Organizational Performance ◽  
Capital Investment ◽  
Workforce Planning ◽  
Human Capital Investment ◽  
Development Program ◽  
Training And Development ◽  
A Company

In the global scenario, the companies are controlled by challenger, despite of industry. The highly aggressive market has made impression on the companies to have competitive advantage. The unique challenging edge is company’s human capital. The human capital play significant role in increasing organizational performance. Now organizations have to take moment to enhance their workforce by imparting training and development program to upgrade skills, talents and knowledge to make their human capital effective. It also examines on the mindset of the employees and gives high attainment in their workforce planning. An employee is most valued resource to a company and provides tangible base needed to build long-term profitability and continuous success. Hence the study determines the significance importance of human capital investment in Indian pharmaceutical sectors. The situation of current human capital investment are explore and conclusion drawn from the study

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