scholarly journals Is Korea Number One in Human Capital Accumulation?: Education Bubble Formation and Its Labor Market Evidence

2014 ◽  
Author(s):  
Ju-Ho Lee ◽  
Hyeok Jeong ◽  
Song-Chang Hong
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Capital Accumulation ◽  
Bubble Formation ◽  
Human Capital Accumulation

scholarly journals Atkinson-Stiglitz Theorem with Endogenous Human Capital Accumulation

2007 ◽  
Vol 7 (1) ◽  
Author(s):  
Hisahiro Naito
Keyword(s):  
Resource Allocation ◽  
Human Capital ◽  
Labor Market ◽  
Comparative Advantage ◽  
Capital Accumulation ◽  
Human Capital Accumulation ◽  
High Ability ◽  
Commodity Taxation ◽  
Optimal Commodity Taxation ◽  
Optimal Commodity

Abstract Recently, researchers have started to re-examine the so-called Atkinson-Stiglitz theorem on optimal commodity taxation. The essence of such research is to examine whether or not it is optimal to distort markets other than the labor market for achieving the second-best resource allocation. I examine this theorem by introducing the comparative advantage of human capital accumulation. More specifically, I assume that people with high ability obtain a higher return from skilled human capital accumulation than people with low ability. I explore the implication of this comparative advantage of human capital accumulation for the Atkinson-Stiglitz theorem on optimal commodity taxation.

scholarly journals Wage Growth Due to Human Capital Accumulation and Job Search: A Comparison between the United States and Germany

ILR Review ◽  
2007 ◽  
Vol 60 (4) ◽  
pp. 562-586 ◽  
Author(s):  
Uta Schönberg
Keyword(s):  
United States ◽  
Human Capital ◽  
Labor Market ◽  
Job Search ◽  
Capital Accumulation ◽  
Wage Growth ◽  
The United States ◽  
Human Capital Accumulation ◽  
Specific Human Capital ◽  
General Human Capital

This paper compares the sources of wage growth of young male workers in two countries with very different labor market institutions, the United States and Germany. The author first develops a simple method for decomposing wage growth into components due to general human capital accumulation, firm-specific human capital accumulation, and job search. The empirical analysis uses data from administrative records (Germany) and the National Longitudinal Survey of Youth (United States) for cohorts entering the labor market in the late 1970s and early 1980s. Although the two countries differed substantially in mobility rates, they were similar in the sources of wage growth, with general human capital accumulation being the most important single source and job search accounting for an additional 25% or more of total wage growth. There is no evidence that returns to firm-specific human capital accumulation were higher for German apprentices than for U.S. high school dropouts or graduates.

scholarly journals The Effect of the Israeli-Palestinian Conflict on the Palestinian labor Market and Human Capital Accumulation

2021 ◽  
Vol 4 (4) ◽  
pp. p111
Author(s):  
Sameh Hallaq
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Educational Attainment ◽  
Capital Accumulation ◽  
Geographical Variation ◽  
Wage Differential ◽  
Recent Literature ◽  
Human Capital Accumulation ◽  
Economic Costs ◽  
Employment Sector

This paper summarizes recent literature that discusses the economic costs of several conflict measures, e.g., “time and geographical variation in fatalities and other conflict incidents, days under curfews, checkpoints, movement restrictions, and Palestinian substitution labor by foreigner workers on the Palestinian labor market and human capital”. Earnings and unemployment are the main labor market indicators, while human capital was assessed by educational attainment. Also, this essay sheds light on the wage differential in the Palestinian labor market due to geographical and employment sector factors as a consequence of the ongoing conflict.

scholarly journals Economic growth and labor market friction: a quantitative study on Japanese structural transformation

2016 ◽  
Vol 17 (1) ◽  
Author(s):  
Seung-Gyu Sim ◽  
Seungjoon Oh
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Structural Transformation ◽  
Capital Accumulation ◽  
Physical Capital ◽  
Labor Market Institutions ◽  
Human Capital Accumulation ◽  
Market Friction ◽  
Labor Market Friction

AbstractThis paper develops a tractable multi-sector endogenous growth model with labor market friction and human capital accumulation to analyze the underlying link between economic growth and labor market institutions. The model, calibrated based on the Japanese structural transformation episodes, demonstrates that lifetime employment system has contributed to unprecedentedly rapid economic growth, by enhancing human capital accumulation and facilitating physical capital formation. The counterfactual experiment finds that had the job durations of a typical worker been 1 year (roughly one tenth of the actual average job duration) for 1960–1990 in the Japanese labor market, the non-agricultural GDP per capita in 1990 would have accounted for 71 percent of the actual values.

scholarly journals HUMAN CAPITAL ACCUMULATION AND LABOR MARKET EQUILIBRIUM*

2011 ◽  
Vol 52 (3) ◽  
pp. 657-677 ◽  
Author(s):  
Kenneth Burdett ◽  
Carlos Carrillo-Tudela ◽  
Melvyn G. Coles
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Capital Accumulation ◽  
Market Equilibrium ◽  
Human Capital Accumulation
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