{"title":"Is Additional Schooling Worthless? Revising the Zero Returns to Compulsory Schooling in Germany","authors":"Kamila Cygan-Rehm","doi":"10.2139/ssrn.3274563","DOIUrl":"https://doi.org/10.2139/ssrn.3274563","url":null,"abstract":"This study estimates the effect of compulsory schooling on earnings. For identification, I exploit a German reform that extended the duration of secondary schooling in the 1960s. I find that hourly wages increase by 6%-8% per additional year of schooling. This result challenges prior findings for Germany of zero returns to schooling, obtained by using the same survey data and reform. I show that the earlier estimates suffer from unconsidered institutional details. A complementary analysis using social security records confirms significant effects on earnings, but yields no effects on employment and take-up of public transfers.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126607099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Antonietta di Salvatore, Francesco Franceschi, A. Neri, F. Zanichelli
{"title":"Measuring the Financial Literacy of the Adult Population: The Experience of Banca D’Italia","authors":"Antonietta di Salvatore, Francesco Franceschi, A. Neri, F. Zanichelli","doi":"10.2139/ssrn.3212627","DOIUrl":"https://doi.org/10.2139/ssrn.3212627","url":null,"abstract":"At the beginning of 2017, Banca d’Italia conducted a survey to investigate financial literacy and inclusion among Italian adults. The survey is part of an OECD project to create an internationally comparable dataset on this important topic. The questionnaire was developed by the OECD International Network on Financial Education (INFE). The Italian sample consists of about 2,500 persons interviewed using two different methods: 40 per cent of them had a face-to-face interview while the others used a tablet to record their responses. Our findings show the existence of a substantial financial literacy gap between Italy and the other G20 countries, which is most evident among less educated respondents, among the elderly and among women. Compared with other countries, Italians are more aware of their limits or at least more cautious when assessing their level of financial knowledge. We also discuss some critical aspects of the OECD’s methodology that should be addressed in order to improve the measurement of financial literacy and to increase cross-country comparability.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"135 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122677184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dynamic Causal Effects of Post-Migration Schooling on Labour Market Transitions","authors":"M. Djuikom, G. Lacroix","doi":"10.2139/ssrn.3175373","DOIUrl":"https://doi.org/10.2139/ssrn.3175373","url":null,"abstract":"Immigrants often experience difficulties integrating the local labor market. In Canada, the government of Quebec implemented a program back in 1996 that explicitly selected highly qualified workers (Bachelors', Masters' or PhD's). This paper investigates the extent to which the return to foreign-acquired human capital is different from the education acquired in Quebec. Specifically, we seek to estimate the benefits of post-migration education over foreign-education on the transitions between qualified and unqualified jobs and unemployment by means of a multiple-spells and multiple-states model. Our results indicate that immigrants originating from well-off countries have no need to further invest in domestic education. On the other hand, immigrants from poorer countries, despite being highly qualified, benefit greatly from such training in the long run as it eases their transitions into qualified and unqualified jobs and out of unemployment. Our results also indicate that selection into domestic education needs to be accounted for to avoid significant selection problems.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130418171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Supply of Foreign Talent: How Skill-Biased Technology Drives the Skill Mix of Immigrants Evidence From Switzerland 1990– 2010","authors":"Andreas Beerli, Ronald Indergand, Johannes S Kunz","doi":"10.2139/ssrn.3426236","DOIUrl":"https://doi.org/10.2139/ssrn.3426236","url":null,"abstract":"An important goal of immigration policy is facilitating the entry and supply of workers whose skills are scarce in national labour markets. In recent decades, the introduction of information and communication technology [ICT] fuelled the demand for highly skilled workers at the expense of lower skill groups throughout the developed world. In this paper, we show that the skill mix of newly arriving immigrants strongly responded to this shift in the demand for skills. Exploiting the fact that different regions in Switzerland were differentially exposed to ICT due to their pre-ICT industrial composition, we present evidence suggesting more exposed regions experienced stronger growth in relative employment and wage premia for highly skilled workers between 1990 and 2010. We find robust evidence that regions with higher initial ICT exposure experienced a considerably stronger relative influx of highly skilled immigrants. Taken together, these results strongly sug- gest that immigrants responded to skill-biased changes in economic opportunities. Complementing these findings, we document whether and how the response of immigrants to skill demand changed when Switzerland abolished immigration restrictions for European workers.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"34 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123144185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Space of Capital: A Latent Class Analysis of Capital Portfolios in Germany","authors":"Nora Waitkus, Olaf Groh-Samberg","doi":"10.2139/ssrn.3099354","DOIUrl":"https://doi.org/10.2139/ssrn.3099354","url":null,"abstract":"The aim of this paper is to construct the “space of capital” based on disaggregated measures of capital portfolios and to analyze the dynamics of class mobility over time. Drawing on Pierre Bourdieu’s concept of the “social space”, we argue that it is possible to directly assess the structural dimensions of the social space as a space of (economic and cultural) capital, including wealth as an important but often neglected form of economic capital. Using household panel data from 2002-2012 (SOEP), we apply latent class analysis in order to detect distinct classes based on specific capital portfolios. We find nine classes with diverging capital portfolios. When interpreting the nine latent classes, we find clear evidence for the two main axis of the social space, namely the vertical axis of the overall volume of capital, and the horizontal axis representing the composition of capital in terms of the relative weight of economic and cultural capital. Further exploration of class mobility reveals that the horizontal axis is even more stable over time. Most mobility occurs along the vertical axis of the social space, while there is only little horizontal mobility indicating that individuals rarely change their investment and accumulation strategies. This research adds to Bourdieu inspired class analysis as well as sociological perspectives on wealth and accumulation.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127780257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Training and Effort Dynamics in Apprenticeship","authors":"D. Fudenberg, Luis Rayo","doi":"10.2139/ssrn.2992735","DOIUrl":"https://doi.org/10.2139/ssrn.2992735","url":null,"abstract":"A principal specifies time paths of effort provision, task allocation, and knowledge transfer for a cash-constrained apprentice, who is free to walk away at any time. In the optimal contract the apprentice pays for training by working for low or no wages and by working inefficiently hard. The apprentice can work on both knowledge-complementary and knowledge-independent tasks. We study the optimal time path of effort distortions and their impact on the knowledge transfer, and analyze the effect of regulatory limits on the length of apprenticeships and on how much effort apprentices are allowed to provide. (JEL D82, D86, J24, J41, M53)","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"142 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132272643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of Universities in Economic Development of Russian Regions","authors":"A. Egorov, O. Leshukov, A. Gromov","doi":"10.2139/ssrn.2968356","DOIUrl":"https://doi.org/10.2139/ssrn.2968356","url":null,"abstract":"This paper analyses the contribution of higher education institutions (HEI) in Russia to gross regional product (GRP) growth. We explore the relationship between higher education coverage and rates of economic growth based on longitudinal economic growth models which are pooled regression, fixed effects, and regression with simultaneous fixed and spatial effects. In addition to the influence of HEI on economic growth, the model specifications also allow an investigation of the relationship between the territory accessibility of higher education and GRP growth, and the significance of higher education in regions with different structures of GRP. The main policy outcome of the paper is that universities can be considered as fully-fledged economic agents which make positive contributions to GRP growth. The development of regional higher education systems would lead to a positive effect on regional economic development","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"326 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127413496","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Metabolism of Public Research and R&D Management Implications: How Labs Consume Resources","authors":"M. Coccia","doi":"10.2139/ssrn.2951267","DOIUrl":"https://doi.org/10.2139/ssrn.2951267","url":null,"abstract":"A fundamental problem in the field of R&D management is how public research laboratories consume resources to produce scientific research and operations. The study confronts this problem here by developing a model of metabolism of research labs, which endeavours to analyze the behavior of public research lab consumption and production considering the flux of funding for research. In particular, research lab metabolism is the metabolic processes by which research labs transform funding for research, materials and human energy to produce scientific outputs. This approach is applied on one of the biggest European public research organization, analyzing data of balance sheets from 1997 to 2015. Statistical analysis reveals that funding for research (state subsidy and contracts) of the public research organization under study are mainly consumed for the cost of personnel with high growth rates of 167.87% over 1997–2015 period, whereas the growth rate of the total revenue is roughly of 118.72% in the same period. This disproportionate growth of the cost of personnel seems to generate problems of long-term sustainability of some public research labs and organizational inefficiencies. This approach here based on metabolic processes of public research organizations suggests useful linkages among economic, human, and technical infrastructure resources of research labs in order to explain managerial and organizational behavior and sustain their functions over time. Some possible environmental and organizational causes of this labor-intensive metabolism of public research bodies are discussed and R&D management implications are suggested.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134388455","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Flexibility, Specialization and Individual Productivity: Evidence from Call Center Data","authors":"G. Friebel, L. Yilmaz","doi":"10.2139/ssrn.2916042","DOIUrl":"https://doi.org/10.2139/ssrn.2916042","url":null,"abstract":"Bundling tasks into jobs is an essential element of organizational design. We here examine whether workers should be assigned broader or narrower sets of tasks, i.e. should job design be “flexible” or “specialized”. We investigate the individual productivity effects of flexibility using a unique data set from a call center in Germany with daily performance data of 477 agents over a period of 19 months. At different times in their career, agents acquire new skills enabling them to carry out additional tasks that are related to different consumer types, different types of services, or activities (for instance, sales versus provision of information). Individual productivity is measured in the duration of calls (shorter calls being better) and the sales conversion rate. We show that flexibility (i) decreases individual productivity, both in a statistical and economic sense, but (ii) increases the capacity utilization rates of agents. To our knowledge, the paper is the first to show the trade-off associated with flexibility, which goes back to Adam Smith’s reflections on the gains of specialization, and how the extent of the market constrains the scope for it. We also investigate likely channels and show that switching costs are the most likely cause for the drop in individual productivity.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128108249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"High-Skilled Migration and Agglomeration","authors":"Sari Pekkala Kerr, W. Kerr, C. Ozden, C. Parsons","doi":"10.1146/ANNUREV-ECONOMICS-063016-103705","DOIUrl":"https://doi.org/10.1146/ANNUREV-ECONOMICS-063016-103705","url":null,"abstract":"This article reviews recent research regarding high-skilled migration. We adopt a data-driven perspective, bringing together and describing several ongoing research streams that range from the construction of global migration databases, to the legal codification of national policies regarding high-skilled migration, to the analysis of patent data regarding cross-border inventor movements. A common theme throughout this research is the importance of agglomeration economies for explaining high-skilled migration. We highlight some key recent findings and outline major gaps in the literature that we hope will be tackled in the near future.","PeriodicalId":102043,"journal":{"name":"ERN: Human Capital (Topic)","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122367922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}