Download or read book Human Capital and Industry Wage Structure in Guatemala written by Chris N. Sakellariou and published by World Bank Publications. This book was released on 1995 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Human Capital and Industry Wage Structure in Guatemala written by Chris Sakellariou and published by . This book was released on 2016 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: A model of endogenous growth is used to test the effect of education on wage differentials.The presence and persistence of substantial wage differentials between industries has been documented. Differences between wages in different industries could result from (1) the normal functioning of competitive labor markets (compensating differential levels of human capital), (2) institutional factors, such as the presence of a union, and (3) efficiency wages paid in some industries (employers finding they can increase profits by paying workers above-market wages).Using a testable model of endogenous growth, Sakellariou analyzes microdata from the Guatemala Household Survey to estimate the external effects of education.First, he estimates a wage equation and filters out the internal effects of education. Then, to isolate external effects, he regresses the resulting wage premiums in industry on average human capital as well as on industry-specific characteristics. Stronger conclusions cannot be drawn, but the analysis does not reject the hypothesis that external effects are present.This paper - a product of the Education and Social Policy Department - is part of a larger effort in the department to apply economic analysis in the education sector.

Download or read book Human Capital and Industry Wage Structure in Guatemala written by N. Chris Sakellariou and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: April 1995 A model of endogenous growth is used to test the effect of education on wage differentials. The presence and persistence of substantial wage differentials between industries has been documented. Differences between wages in different industries could result from (1) the normal functioning of competitive labor markets (compensating differential levels of human capital), (2) institutional factors, such as the presence of a union, and (3) efficiency wages paid in some industries (employers finding they can increase profits by paying workers above-market wages). Using a testable model of endogenous growth, Sakellariou analyzes microdata from the Guatemala Household Survey to estimate the external effects of education. First, he estimates a wage equation and filters out the internal effects of education. Then, to isolate external effects, he regresses the resulting wage premiums in industry on average human capital as well as on industry-specific characteristics. Stronger conclusions cannot be drawn, but the analysis does not reject the hypothesis that external effects are present. This paper--a product of the Education and Social Policy Department--is part of a larger effort in the department to apply economic analysis in the education sector.

Download or read book Human Capital and Instrry Wage Structure in Guatemala written by Chirs N. Sakellariou and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Policy Research Working Papers written by and published by . This book was released on 1991 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Labor Mobility and Earnings written by Katherine D. Terrell and published by . This book was released on 1984 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Bioeconomic Analysis of Wage Relationships written by Kimberly Rae Chung and published by . This book was released on 1992 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Productivity of Agricultural Labor in the Export Crops of Guatemala written by Lester Schmid and published by . This book was released on 1968 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the effect of higher wages on labour productivity of rural workers in Guatemala - covers labour costs, production costs, working conditions, living conditions, migrant workers in plantations, etc. References and statistical tables.

Download or read book Effects of Primary Secondary and Tertiary Education on Economic Growth written by Josef L. Loening and published by World Bank Publications. This book was released on 2005 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "Loening investigates the impact of human capital on economic growth in Guatemala during 1951-2002 using an error-correction methodology. The results show a better-educated labor force having a positive and significant impact on economic growth. Consistent with microeconomic studies for Guatemala, primary and secondary education are most important for productivity growth. These findings are robust while changing the conditioning set of the variables, controlling for data issues and endogeneity. Due to an environment of social and political conflict, however, total factor productivity has been slightly negative for the past decades, and there is evidence of a missing complementarily between the country's skills and its technology base. The author presents a growth-accounting framework which takes into account quality changes of physical capital, and differentiates by level of education. It shows that the human capital variables explain more than 50 percent of output growth. Of these, secondary schooling is the predominant determinant of growth."--World Bank web site.

Download or read book Worker Displacement During the Transition written by Peter F. Orazem and published by World Bank Publications. This book was released on 2004 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The transition to market in Slovenia created labor displacements that were on par or greater than that experienced in North America in the 1980s. A simple theoretical model suggests that factors which raise the probability of layoff should also increase the probability of a quit, predictions that are borne out in data. Probability of both layoffs and quits fell with worker tenure, firm profitability and expected severance costs. Individuals facing a higher probability of displacement accepted slower wage growth than otherwise comparable workers. The incentives to avoid displacement were strong -- workers that actually were displaced faced a slow process of transiting out of unemployment with only one-third finding reemployment. Correcting for selection, real wage losses for displaced workers are comparable to those reported for displaced workers in North America"--Forschungsinstitut zur Zukunft der Arbeit web site.

Download or read book Rural Nonfarm Employment written by Jean Olson Lanjouw and published by World Bank Publications. This book was released on 1995 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Efficiency and Equity Considerations in Pricing and Allocating Irrigation Water written by Yacov Tsur and published by World Bank Publications. This book was released on with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equity Markets Transaction Costs and Capital Accumulation written by Valerie R. Bencivenga and published by World Bank Publications. This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Policies written by Dimitri Vittas and published by World Bank Publications. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stock Market Development and Financial Intermediaries written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Environmental Regulaton and Development written by Susmita Dasgupta and published by World Bank Publications. This book was released on 1995 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Does Decentralization Increase Spending on Public Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: May 1995 Decentralization tends to increase both total and subnational spending on public infrastructure. Why this is so is not clear -- possibly because subnational governments' choices in terms of quality and quantity of infrastructure differ from central governments' choices. It is commonly argued that when the benefits of an infrastructure service are mostly local and there is little scope for economies of scale -- as in urban transit, road maintenance, water supply, and solid waste management -- decentralization is the most effective way to deliver service. Those services have been decentralized in many countries, and many others are rapidly decentralizing. The central government is still responsible for many other infrastructure services, such as power and telecommunications, but this too is changing as the responsibility is increasingly transferred to subnational governments. Recent technological innovations reduce the need for services to be provided by monopolistic utilities. Power generation and distribution can now be handled competitively by decentralized units, and parts of some local telephone monopolies will increasingly meet competition from wireless telephones and rival wireline systems. How has increased decentralization affected spending levels on infrastructure? The outcome reflects the net outcome of opposing effects. Spending increases if the subnational government makes infrastructure a higher priority than the federal government did, if they are less effective at delivering services, or if they give up the benefits of economies of scale to get more autonomy. Spending decreases if they assign infrastructure a lower priority, or if most projects are more cost-effective. In their analysis, Estache and Sinha focus on spending levels and ignore the reasons these levels change, so no conclusions can be made about whether decentralization makes spending more or less efficient. Among the conclusions they offer: * Decentralization tends to increase both total and subnational spending on infrastructure -- possibly because the preferences of subnational governments in terms of quality and quantity of infrastructure are different from the central government's preferences. * The conventional wisdom is true: For decentralization, policymakers everywhere must guarantee a balance between revenue and spending assignment. A good way to offset the impact of decentralization on spending levels is to increase the imbalance between revenue and spending assignments. * Be careful about applying lessons learned in industrial countries to decentralization in developing countries. What happens in industrial countries may help assess the decentralization's impact on total spending in developing countries, because the elasticity of per capita infrastructure spending is roughly similar in both countries (about 0.3 in developing countries and about 0.2 in industrial countries). But that is not a good indicator for subnational spending, for which the elasticity is greater than 1 in developing countries (between 1.1 and 1.3, depending on how decentralization is measured) and less than 1 in industrial countries (between 0.7 and 0.9). This paper -- a product of the Office of the Vice President, Development Economics -- is a background paper for World Development Report 1994 on infrastructure.