We develop an overlapping generations model to study how the interplay between social and human capital affects fertility. In a framework where families face a trade-off between the quantity and quality of children, we incorporate the assumption that social capital plays a key role in the...

This paper presents an analysis of the interaction of human capital investment and the development of social and political institutions. We find that human capital mattersmdash;for growth through its quality dimension; for distributional conflict by raising political aspirations. But human...

While an extensive literature studies social capital outcomes, the evolution process of social capital remains largely ignored. This paper presents a dynamic model of lifetime decision making of the individual's social capital accumulation. Structural parameters of the model - estimated using...

Social capital is a broad term containing the social networks and norms that generate shared understandings, trust and reciprocity, which underpin cooperation and collective action for mutual benefits, and creates the base for economic prosperity. This study deals with the formation of social...

This paper addresses the directions to follow when designing new educational systems and school-to-work transition regimes to adhere to the needs of Industry 4.0. Although a high level of general education will be important for its training content to develop adaptability, it is not the only...

A common perception about immigrant assimilation is that association with natives necessarily speeds the process by which immigrants become indistinguishable from natives. Using 2000 Census data, this paper casts doubt on this presumption by examining the effect of an immigrant's marriage to a...

Research has consistently demonstrated a negative and significant relationship between occupational feminization and wages. This has traditionally been attributed to societal mechanisms undervaluing the work mainly performed by women. More recently, empirical evidence from the US and Europe has...

We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We provide estimates based on cross-sectional as well as...

We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We provide estimates based on cross-sectional as well as...