Human Capital

Rosemary Kaiser

Many countries, primarily in Europe, apply dismissal protections to permanent employment contracts but not to temporary ones, creating a two-tiered labor market in which younger and less educated …

Charles I. Jones

This Handbook of Economic Growth survey chapter lays out why treating ideas -- nonrivalrous instructions or recipes, as distinct from the rivalrous "objects" that embody them -- as a distinct input to …

Robert E. Lucas Jr.

This 1988 Journal of Monetary Economics paper by Robert E. Lucas Jr., based on his 1985 Marshall Lectures at Cambridge, sets out a sequence of 'mechanical' growth models -- explicit dynamic systems …

Julien Albertini · Arthur Poirier · Anthony Terriau

This paper studies the effect of the Earned Income Tax Credit (EITC) on educational attainment and labor market trajectories through two complementary approaches. Using policy discontinuities at U.S.

Robert E. Lucas, Jr.

If two countries produce the same good with the same constant-returns technology, diminishing returns imply the poorer one has the higher marginal product of capital -- and on 1988 data, US output per …