A Simple Economic Theory of Skill Accumulation and Schooling Decisions
William Blankenau, Gabriele Camera
We propose a model of schooling that can account for the observed heterogeneity in workers' productivity and educational attainment. Identical unskilled agents can get a degree at a cost, but...
A Simple Economic Theory of Skill Accumulation and Schooling Decisions
William Blankenau, Gabriele Camera
We propose a model of schooling that can account for the observed heterogeneity in workers' productivity and educational attainment. Identical unskilled agents can get a degree at a cost, but...
How Different Is the Cyclical Behavior of Home Production Across Countries?
M. Ayhan Kose, William Blankenau
This paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy...
HOW DIFFERENT IS THE CYCLICAL BEHAVIOR OF HOME PRODUCTION ACROSS COUNTRIES?
BLANKENAU, WILLIAM, KOSE, M. AYHAN
This paper studies stylized business-cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open-economy...
A Welfare Analysis of Policy Responses to the Skilled Wage Premium
I build a model with heterogeneous agents which is consistent both with rising wage inequality across education levels and with an increasing relative number of college graduates. I use the model to...
Can world real interest rates explain business cycles in a small open economy?
William Blankenau, M. Ayhan Kose, Kei-Mu Yi
While the world real interest rate is potentially an important mechanism for transmitting international shocks to small open economies, much of the recent quantitative research that studies this...
Allocating Government Education Expenditures Across K-12 and College Education
William Blankenau, Steven Cassou, Beth Ingram
Government education expenditures, Human capital, Heterogeneous agents, Life-cycle model, E62, I22, H52, J24,