Browsing by Subject "Human capital"

Now showing 1 - 4 of 4

Empirical analysis of regional economic performance in Russia : human capital perspective
(2012) Kufenko, Vadim
Having shown the important role of the Russian economy in the ex-USSR region by causality tests, we proceed to empirical analysis of growth and performance of the Russian regions. A dynamic panel data approach enabled us to obtain elasticity coefficients on proxies for convergence, physical capital, labour and innovation. After including human capital in the reformulated model we resolve endogeneity and reverse causality by introducing two instrumental variable approaches. Taking advantage of the Unified State Exam data we managed to successfully endogenize human capital by number (and share) of outperforming students and by the education index. The second approach helped to improve causality between instruments and human capital: the dates of first university foundation and distance to Moscow successfully explains human capital variations due to historical and spatial characteristics of a given region.
Essays on tackling economic inequalities
(2016) Fuchs, Benjamin; Osikominu, Aderonke
This thesis provides a differentiated picture of two interventions and one policy reform to alleviate economic inequality. In two chapters this dissertation examines whether out-of-school activities affect behavioral outcomes reflecting character, social and executive function skills. The first essay in this thesis analyzes the effect of performing sports on a regular basis on the formation of character and social skills. The findings confirm that sports is generally a social activity. For youths from less advantaged family backgrounds sports constitutes often the only quality pastime they engage in. Athletic involvement has beneficial effects on a broad range of character skills. These effects are largely driven by youths who do not engage in any other structured activity. Further, the effects can be interpreted as a broader effect of having access to an enriched social environment. The second essay examines the effect of working part-time while attending full-time schooling on the development of character skills and occupational choice strategies. Comparing adolescents who hold a job with adolescents who do not work, the former spend less time in front of a screen and invest more time in academic learning. Focusing on the time use of employed adolescents, working part-time has an ambivalent effect on time invested in other activities. It reduces their homework time as well as their nonproductive screen time. The results imply that holding a paid job while still in school reduces the uncertainty about own interests and talents and reduces the dependency on parents. A third essay evaluates the impact of the Tenancy Law Reform Act in 2001, a policy which targets to protect especially low-income households against rent increase. Germany is one of the European countries with the highest percentage of the population who lives in tenancies. This illustrates the importance of a functioning tenancy law, socially and economically. This essay analyzes the effect of the reform on the level of rents as well as on the residency discount. The two substantial parts of the reform were the reduction of the maximum rent increases for sitting tenants and the reduction of the minimum notice period until termination of a tenancy by the tenant. Estimating the effect over the distribution of rents, the reform shows a significant negative effect on rents that is stronger at higher quantiles. The annual residency discount increases with the reform during the first three years of a tenancy and vanishes thereafter. The evidence suggests that the reform was successful in curtailing rent increases especially for expensive apartments early in a tenancy. This thesis provides a differentiated picture on how economic inequalities can be alleviated. On the one side, this thesis focuses on the formation of character skills which are helpful for bringing especially unskilled people into employment and to better paid jobs. On the other side, this thesis focuses on a tenancy law reform that targeted to protect tenants against rent increases. While beneficial effects of structured leisure activities on the formation of character skills can be detected, one may be concerned that the tenancy law reform may not have been sufficiently targeted if considering the target of the reform to protect especially low-income households against rent increases.
The economic burden of chronic diseases : estimates and projections for China, Japan, and South Korea
(2017) Prettner, Klaus; Oxley, Les; Bloom, David E.; Chen, Simiao; Kuhn, Michael; McGovern, Mark E.
We propose a novel framework to analyse the macroeconomic impact of noncommunicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which enables us to determine the economic costs of chronic health conditions in terms of foregone gross domestic product (GDP). Unlike previously adopted frameworks, this approach allows us to account for i) variations in human capital for workers in different age groups, ii) mortality and morbidity effects of non-communicable diseases, and iii) the treatment costs of diseases. We apply our methodology to China, Japan, and South Korea, and estimate the economic burden of chronic conditions in five domains (cardiovascular diseases, cancer, respiratory diseases, diabetes, and mental health conditions). Overall, total losses associated with these non-communicable diseases over the period 2010-2030 are $16 trillion for China (measured in real USD with the base year 2010), $5.7 trillion for Japan, and $1.5 trillion for South Korea. Our results also highlight the limits of cost-effectiveness analysis by identifying some intervention strategies to reduce disease prevalence in China that are cost beneficial and therefore a rational use of resources, though they are not cost-effective as judged by conventional thresholds.
The effect of teenage employment on character skills, expectationsand occupational choice strategies
(2016) Fuchs, Benjamin
A growing body of research suggests that, even after controlling for cognitive abilities, personality predicts economic success in later life. The learning environment at school focuses on knowledge and cognitive skills. The transmission of character skills, however, is not at the center of attention. Leisure activities as informal learning activities outside of school may affect the formation of skills. By providing valuable opportunities, working part-time while attending full-time secondary schooling can be seen as a stepping stone toward independence and adulthood. The channel of the positive influence, however has not been identified empirically. I suggest that employment during adolescence promotes the formation of character skills that are known to have a positive effect on labor market outcomes and educational achievement. Employing a exible strategy combining propensity score matching and regression techniques to account for self-selection, I find beneficial e ects on character skills. Further, it improves future expectations, the knowledge on which skills and talents school students have and reduces the importance of parents advice with respect to their childs future career. The results are robust to several model specifications and varying samples and robust to including family-fixed effects.