nep-hrm New Economics Papers
on Human Capital and Human Resource Management
Issue of 2010‒02‒05
four papers chosen by
Fabio Sabatini
University of Siena

  1. A Contribution to the Empirics of Welfare Growth By Konstantinos Vrachimis; Marios Zachariadis
  2. Cities and Growth: Earnings Levels Across Urban and Rural Areas: The Role of Human Capital By Beckstead, Desmond; Brown, W. Mark; Guo, Yusu; Newbold, Bruce
  3. Does interdisciplinarity lead to higher employment growth of academic spinoffs? By Müller, Bettina
  4. Remittances and the Brain Drain Revisited: The microdata show that more educated migrants remit more By Albert Bollard; David McKenzie; Melanie Morten; Hillel Rapoport

  1. By: Konstantinos Vrachimis; Marios Zachariadis
    Abstract: This paper compares the determinants of economic growth and welfare growth. Our main result is that determinants may differ or have different impact on welfare outcomes as compared to economic outcomes. Human capital plays a bigger role in determining the former, so that policies targeting human capital can have a greater effect on the welfare of societies than one would think by looking at their impact on economic growth alone. Institutions also have a greater effect on welfare growth compared to their impact on economic growth, consistent with the importance of government stability for the uninterrupted provision of health-related inputs and information. Finally, initial income has a greater impact on welfare growth than on real income per capita growth, implying even faster convergence than in Becker, Philipson, and Soares (2005) after adding a number of economic, health-related, institutions-related, and geographic variables. We conclude that there exist systematic differences for the impact of a number of factors on economic relative to welfare outcomes.
    Keywords: Economic growth, Welfare, Full income
    Date: 2010–01
  2. By: Beckstead, Desmond; Brown, W. Mark; Guo, Yusu; Newbold, Bruce
    Abstract: Using 2001 Census data, this paper investigates the extent to which the urban-rural gap in the earnings of employed workers is associated with human capital composition and agglomeration economies. Both factors have been theoretically and empirically linked to urban-rural earnings differences. Agglomeration economies-the productivity enhancing effects of the geographic concentration of workers and firms-may underlie these differences as they may be stronger in larger urban centres. But human capital composition may also drive the urban-rural earnings gap if workers with higher levels of education and/or experience are more prevalent in cities. The analysis finds that up to one-half of urban-rural earnings differences are related to human capital composition. It also demonstrates that agglomeration economies related to city size are associated with earnings levels, but their influence is significantly reduced by the inclusion of controls for human capital.
    Keywords: Education, training and learning, Business performance and ownership, Labour, Educational attainment, Regional and urban profiles, Wages, salaries and other earnings
    Date: 2010–01–25
  3. By: Müller, Bettina
    Abstract: Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is measured by employment growth. I find that team foundations have higher employment growth than single entrepreneurs. Team foundations of engineers perform better when they have a business scientist in the team. However, different subjects per se and heterogeneity in the academic origins of the founders do not play a significant role for the employment growth of academic spinoffs. --
    Keywords: human capital,entrepreneurship,academic spinoffs,employment growth
    JEL: C12 L25 M13
    Date: 2009
  4. By: Albert Bollard (Stanford University); David McKenzie (World Bank, BREAD, IZA and CReAM); Melanie Morten (Yale University); Hillel Rapoport (Bar-Ilan University, EQUIPPE and CID, Harvard University)
    Abstract: Two of the most salient trends surrounding the issue of migration and development over the last two decades are the large rise in remittances, and an increased flow of skilled migration. However, recent literature based on cross-country regressions has claimed that more educated migrants remit less, leading to concerns that further increases in skilled migration will hamper remittance growth. We revisit the relationship between education and remitting behavior using microdata from surveys of immigrants in eleven major destination countries. The data show a mixed pattern between education and the likelihood of remitting, and a strong positive relationship between education and the amount remitted conditional on remitting. Combining these intensive and extensive margins gives an overall positive effect of education on the amount remitted. The microdata then allow investigation as to why the more educated remit more. We find the higher income earned by migrants, rather than characteristics of their family situations explains much of the higher remittances.
    Keywords: Remittances, Migration, Brain Drain, Education
    JEL: O15 F22 J61
    Date: 2009–10

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