scholarly journals Would an Increase in High-Skilled Immigration in Canada Benefit Workers?

2011 ◽  
Vol 2011 ◽  
pp. 1-7 ◽  
Author(s):  
Maxime Fougère ◽  
Simon Harvey ◽  
Bruno Rainville
Keyword(s):  
Human Capital ◽  
Time Allocation ◽  
Labour Productivity ◽  
Productive Capacity ◽  
Skilled Workers ◽  
Skilled Immigrants ◽  
Skilled Immigration ◽  
Applied General Equilibrium Model ◽  
Real Gdp Per Capita ◽  
Work Education

This study examines the economic and welfare effects of raising the number of high-skilled immigrants in Canada. It uses a life-cycle applied general equilibrium model with endogenous time allocation decisions between work, education, and leisure. According to the simulation results, raising the number of high-skilled immigrants would boost productive capacity and labour productivity but could lower real GDP per capita. In addition, by raising the supply of high-skilled workers, more high-skilled immigrants would reduce the skill premium and the return to human capital. This in turn would lower incentives for young adults to invest in human capital and have a dampening effect on the domestic supply of skilled workers. Finally, it is found that more high-skilled immigrants would be welfare enhancing for medium- and low-skilled workers but welfare decreasing for high-skilled workers.

scholarly journals Do skilled immigrants affect the wage rate of Australian workers?

2013 ◽  
Vol 6 ◽  
pp. 20
Author(s):  
Mengqi Yan ◽  
Yuting Yuan ◽  
Skanda Eshwar Chandra Rajachandra
Keyword(s):  
Wage Rate ◽  
Positive Relationship ◽  
Alternative Hypothesis ◽  
Australian Bureau ◽  
Skilled Workers ◽  
Skilled Immigrants ◽  
Skilled Immigration ◽  
Negative Effect ◽  
Australian Bureau Of Statistics

We hypothesise that skilled immigration increases the wage rate in Australia. Our alternative hypothesis is that skilled immigration decreases the wage rate in Australia. The data used for this research comes from the Australian Bureau of Statistics and Department of Immigration andCitizenship. Based on our analysis, we find that there is positive relationship between high-skilled immigration and employee earnings per hour.We also find that low-skilled immigrants have a negative effect on employee earnings per hour. We believe that low-skilled workers are easily replaced such that low-skilled immigrants are substitutes to Australian low-skilled workers. However, there are some limitations of our research. Notably, our result are restricted to three occupations.

scholarly journals A Discrete Heterogeneous-Group Economic Growth Model with Endogenous Leisure Time

2009 ◽  
Vol 2009 ◽  
pp. 1-17
Author(s):  
Wei-Bin Zhang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Income Distribution ◽  
Growth Model ◽  
Time Allocation ◽  
Capital Accumulation ◽  
Economic Growth Model ◽  
National Economic ◽  
The Rich ◽  
Main Engine

This paper proposes a one-sector multigroup growth model with endogenous labor supply in discrete time. Proposing an alternative approach to behavior of households, we examine the dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth. We show how human capital levels, preferences, and labor force of heterogeneous households determine the national economic growth, wealth, and income distribution and time allocation of the groups. By simulation we demonstrate, for instance, that in the three-group economy when the rich group's human capital is improved, all the groups will economically benefit, and the leisure times of all the groups are reduced but when any other group's human capital is improved, the group will economically benefit, the other two groups economically lose, and the leisure times of all the groups are increased.

scholarly journals Regulation of Lifelong in Education and İts Economic, Social Benefits

2021 ◽  
Vol 12 (6) ◽  
pp. 1298-1310
Author(s):  
Allahyar Muradov Et al.
Keyword(s):  
Human Capital ◽  
Social Problems ◽  
Labour Productivity ◽  
Economic Benefits ◽  
Social Benefits ◽  
Development Economic ◽  
Knowledge Based ◽  
The Future ◽  
The Impact

Sustainability in education is important in ensuring knowledge-based and innovation-driven development and human capital reproduction. Sustainability is particular important for the prevention of some economic and social problems that may arise in the future and raising the competitiveness of the country. Sustainability - the prevention as some of economic and social problems that may arise in the future is of particular importance in raising the country's competitiveness. The aim of the research is to estimate the economic-social benefits of regulation of sustainability in education and to give the suggestions in the direction of the improvement of the effectiveness of the regulation. The impact of continuity in education on the formation and development of human capital, knowledge-based society building, labour intelligence, competitiveness and the improvement of welfare are assessed cross-country in the article. In particular, in recent years, researches and politicians have analysed the ‘4th industry’ revolution (‘Industry 4.0’) ‘the benefits and losses in the medium and long-term perspective and its interaction with the sustainability of education. Here are two issues: 1) socioeconomic disadvantages of ensuring sustainability in education, 2) socioeconomic advantages of ensuring sustainability in education. Firstly, it is analysed the impacts of increased unemployment, reduction of employment income, declining social security and welfare that will be resulted as problems on economic development. Secondly, it is analysed (ensuring in sustainability condition) the distinguished factors of rapid technological innovation, labour productivity, repatriation of human capital, raising competitiveness on the international level, innovation-based development, economic benefits of knowledge and skills.

scholarly journals HUMAN CAPITAL AND ITS ROLE IN THE FOURTH INDUSTRIAL REVOLUTION

2021 ◽  
Author(s):  
Yelyzaveta Snitko ◽  
Yevheniia Zavhorodnia
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Technological Change ◽  
Industrial Revolution ◽  
Skilled Workers ◽  
Fourth Industrial Revolution ◽  
Modern Economy ◽  
The Future ◽  
The Impact

The development of a modern economy, in the context of the fourth industrial revolution, is impossible without the accumulation and development of human capital, since the foundation of the transformation of the economic system in an innovative economy is human capital. In this regard, the level of development and the efficiency of using human capital are of paramount importance. This article attempts to assess the role of human capital in the fourth industrial revolution. In the future, human talent will play a much more important role in the production process than capital. However, it will also lead to a greater division of the labor market with a growing gap between low-paid and high-paid jobs, and will contribute to an increase in social tensions. Already today, there is an increase in demand for highly skilled workers, especially in high-income countries, with a decrease in demand for workers with lower skills and lower levels of education. Analysis of labor market trends suggests that the future labor market is a market where there is simultaneously a certain demand for both higher and lower skills and abilities, combined with the devastation of the middle tier. The fourth industrial revolution relies heavily on the concept of human capital and the importance of finding complementarity between human and technology. In assessing the impact of the fourth industrial revolution, the relationship between technology, economic growth and human resources was examined. The analysis was carried out in terms of three concepts of economic growth, technological change and human capital. Human capital contributes to the advancement of new technologies, which makes the concept of human capital an essential factor in technological change. The authors emphasize that the modern economy makes new demands on workers; therefore it is necessary to constantly accumulate human capital, develop it through continuous learning, which will allow the domestic economy to enter the trajectory of sustainable economic growth. The need to create conditions for a comprehensive increase in the level of human capital development is noted.

scholarly journals IMPACT OF HUMAN CAPITAL DEVELOPMENT ON PRODUCTIVITY GROWTH IN EU MEMBER STATES

2018 ◽  
Vol 16 (0) ◽  
pp. 1-12 ◽  
Author(s):  
Alma Mačiulytė-Šniukienė ◽  
Kristina Matuzevičiūtė
Keyword(s):  
Human Capital ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Labour Productivity ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Education Expenditure ◽  
Member States ◽  
Eu Member States ◽  
The Impact

In this research, we investigate the impact of human capital on labour productivity in European Union member states using panel data analysis. Results of the paper are estimated using the Pooled ordinary least squares (OLS) and Fixed effects model (FEM). The results show that human capital is positively significant in improving the growth of labour productivity in the EU. Our estimates also suggest that the impact occurs after three times lags in case of education expenditure.

Human Capital: Fiscal Policy to Support the Development of Labor Cooperatives as a Way to Create the Welfare Society and to Form the National Financial-Exchange Asset

2021 ◽  
Vol 144 (5) ◽  
pp. 116-121
Author(s):  
Yury V. Alekseev ◽  
Keyword(s):  
Human Capital ◽  
Fiscal Policy ◽  
Personal Experience ◽  
Labour Productivity ◽  
Temporary Work ◽  
Employment Contract ◽  
Personal Motivation ◽  
Welfare Society ◽  
Russian Form

Production cooperative (artel) historically is a native Russian form of collective labour activity, aimed, as a rule, at performing certain permanent or temporary work and requiring mutual guarantee of all workers. Artels and their associations are based only on free creative labour (not hired labour), which allows workers themselves to be responsible for efficiency of managing their time and to improve constantly, providing an increase in labour productivity and production profitability. Such work is fundamentally different from the work under an employment contract. Members of cooperatives do not pass “their time” for rationing “from above”, but independently organize their work, revealing their potential, based on personal experience, ingenuity, freedom and personal motivation, effectively interacting with each other in the workforce.

Human capital divergence and the size distribution of cities: Is Gibrat’s law obsolete?

Urban Studies ◽  
2020 ◽  
pp. 004209802095309
Author(s):  
Daniel Broxterman ◽  
Anthony Yezer
Keyword(s):  
Human Capital ◽  
Population Growth ◽  
Size Distribution ◽  
Growth Models ◽  
Theoretical Models ◽  
Empirical Literature ◽  
Skilled Workers ◽  
Gibrat’S Law ◽  
Gibrat's Law ◽  
Growth Hypothesis

This article studies how the changing geographic distribution of skilled workers in the US affects theoretical models that use Gibrat’s law to explain the size distribution of cities. In the empirical literature, a divergence hypothesis holds that college share increases faster in cities where college share is larger, and a growth hypothesis maintains that the rate of city population growth is also directly related to initial college share. Examining the divergence hypothesis, the classic test for Gibrat’s law is shown to be a test for [Formula: see text]-convergence. Testing shows that there has been absolute, not relative, divergence in human capital since the 1970s. However, the combination of even absolute divergence and the growth hypothesis is shown to violate the condition that a city’s population growth is independent of its size. Additional testing finds that the relation between college share and city growth is concave rather than monotonic. These results imply that stochastic growth models can survive the challenge posed by divergence in the distribution of human capital.

scholarly journals Human Capital Formation During the First Industrial Revolution: Evidence from the use of Steam Engines

2019 ◽  
Vol 18 (2) ◽  
pp. 829-889 ◽  
Author(s):  
Alexandra de Pleijt ◽  
Alessandro Nuvolari ◽  
Jacob Weisdorf
Keyword(s):  
Human Capital ◽  
Technological Change ◽  
Industrial Revolution ◽  
Capital Formation ◽  
Human Capital Formation ◽  
Skilled Workers ◽  
Synthetic Indicator ◽  
Negative Effect ◽  
Rock Strata ◽  
Carboniferous Rock

Abstract We examine the effect of technical change on human capital formation during England's Industrial Revolution. Using the number of steam engines installed by 1800 as a synthetic indicator of technological change and occupational statistics to measure working skills (using HISCLASS), we establish a positive correlation between the use of steam engines and the share of skilled workers at the county level. We use exogenous variation in carboniferous rock strata (containing coal to fuel the engines) to show that the effect was causal. While technological change stimulated the formation of working skills, it had an overall negative effect on the formation of primary education, captured by literacy and school enrolment rates. It also led to higher gender inequality in literacy.

Analisis Penentu Perbezaan Upah Mengikut Kemahiran Di Malaysia

2011 ◽  
pp. 1-22 ◽  
Author(s):  
Nik Azma Wail ◽  
Rahmah Ismail ◽  
Ishak Yussof
Keyword(s):  
Human Capital ◽  
Key Words ◽  
Wage Rate ◽  
Wage Differentials ◽  
Economic Transformation ◽  
Skilled Workers ◽  
Wage Ratio ◽  
Unskilled Workers ◽  
And Training ◽  
Discriminatory Practice

Di Malaysia, permintaan terhadap kemahiran buruh telah mengalami perubahan kesan daripada perubahan struktur ekonomi. Kesan selanjutnya, berlaku perubahan dalam nisbah upah antara kemahiran yang memihak kepada buruh yang lebih mahir. Terdapat banyak faktor yang menentukan tingkat upah pekerja seperti modal manusia khususnya pencapaian pendidikan, pengalaman dan latihan, faktor demografi dan sektor pekerjaan. Walau bagaimanapun, setelah mengambil kira semua perbezaan dalam pemboleh ubah yang berkaitan dengan produktiviti ini, perbezaan upah mengikut jenis pekerjaan atau kemahiran masih berlaku yang boleh disebabkan oleh perlakuan diskriminasi majikan. Kertas ini bertujuan mengenal pasti penentu perbezaan upah mengikut kemahiran di Malaysia. Analisis berdasarkan kepada data 2,216 ketua isi rumah yang dikutip pada tahun 2007/2008, hasil kajian ini menunjukkan pemboleh ubah modal manusia memainkan peranan utama dalam menentukan tingkat dan perbezaan upah mengikut kemahiran. Selanjutnya, hasil kajian juga menunjukkan 64.25 peratus daripada perbezaan upah pekerja mahir dengan pekerja separuh mahir dapat diterangkan oleh pemboleh ubah dalam model upah dan 35.75 peratus tidak dapat diterangkan. Bahagian yang tidak dapat diterangkan ini termasuklah amalan diskriminasi oleh majikan terhadap pekerja mereka. Bagi perbezaan upah antara pekerja mahir dengan tidak mahir pula, sebanyak 77.20 peratus dapat diterangkan dan 22.80 peratus tidak dapat diterangkan. Kata kunci: Perbezaan upah; diskriminasi; pekerja mahir; pekerja separa mahir; pekerja tidak mahir In Malaysia, demand for skills has been changing dramatically as a result of economic transformation. This subsequently resulted in changes in wage ratio between skills, which is more favourable towards skilled workers. However, it has been argued that wage rate does not merely depend on the demand for labour, but there are other factors that can influence workers’ wages. These include human capital variables like educational attainment, experience and training; demographic factors and job sectors. Even after taking into account the variations in these productivity-related variables, occupational wage differentials may still prevail as a result of employers' discriminatory practice. This paper attempts to measure wage differentials determinants by skills in Malaysia. The analysis is based on 2,216 heads of households data collected in 2007/2008. The result revealed that human capital variables play a major role in determining the level of wage and its differentials between skills. Moreover, the result demonstrates that 64.25 percent of skilled-semi skilled wage differentials are explained by the incorporated variables in the wage model, whereas 35.75 percent are unexplained. This unexplained portion includes the employers’ discriminatory practice against their workers. For the skilled-unskilled wage differentials 77.2 percent are explained and 22.8 percent are unexplained. Key words: Wage differentials; discrimination; skilled workers; semi-skilled workers; unskilled workers

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