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Biblioteca

04 de agosto 2015
People and Machines A Look at the Evolving Relationship Between Capital and Skill In Manufacturing 1860-1930 Using Immigration Shocks

This paper estimates the elasticity of substitution between capital and skill using variation across U.S. counties in immigration-induced skill-mix changes between 1860 and 1930. We find that capital began as a q-complement for skilled and unskilled workers, and then dramatically increased its relative complementary with skilled workers around 1890. Simulations of a parametric production function […]

08 de julio 2015
Innovación Tecnológica y Educación: Un Análisis para Estados Unidos

Esta tesis tiene como objetivo principal analizar como la cobertura de distintos niveles de educación en la población afectan causalmente a la innovación tecnológica. Usando datos de panel para las generaciones que nacieron en los distintos estados de EEUU entre 1910 y 1939, se estudia el efecto de la cobertura de educación secundaria y terciaria en variables que […]

18 de mayo 2015
Who comes and Why? Determinants of Immigrants Skill Level in the Early XXth Century US

This paper first elaborates a model of intermediate selection where potential migrants must have both the resources to finance the migration cost (liquidity constraint restriction) and an income gain of migrating (economic incentives restriction). We then test the predictions of the model regarding the impact of output in the sending country and migration costs on […]

05 de mayo 2015
Who Comes and Why? Determinants of Immigrants Skill Level in the Early XXth Century US

This paper first elaborates a model of intermediate selection where potential migrants must have both the resources to finance the migration cost (liquidity constraint restriction) and an income gain of migrating (economic incentives restriction). We then test the predictions of the model regarding the impact of output in the sending country and migration costs on […]

13 de abril 2015
CEO Compensation and Large Shareholders: Evidence from Emerging Markets

Using a novel data base for three emerging markets we study large shareholders and their relationship with professional managers. This is important to understand wage inequality and returns to high-level human capital since concentrated ownership is prevalent in developing countries. We find a compensation premium of about 30 log points for professional (not controller-related) CEOs […]

07 de abril 2015
Lucas y el Crecimiento Económico

En este artículo se discute lo que ha sido la contribución del premio Nobel de Economía 1995, Robert Lucas, en el tema del crecimiento económico. El capital humano, sobre todo el que se adquiere a través de la experiencia (learning by doing), es clave, según Lucas, para entender los procesos de desarrollo acelerado que se […]

05 de abril 2015
Concentraciones de Capital Humano Altamente Calificado en Chile: Incentivos a la Divergencia de la Distribución Espacial del Capital Humano

This research analyzes the concentrations of highly skilled human capital in Chile, from 1960 to 2002. It proves, from a geographic perspective, the presence of incentives to divergence in the spatial distribution of the highly educated, which increase the differences in the stock of professionals among municipalities. The investigation suggests a discrete choice model by […]