Previous research has uncovered precious little support for Heckscher-Ohlin trade theory. This paper demonstrates that those efforts focus on an overly restrictive version of the model. Indeed, strong evidence that output is a function of endowments can be found if we recognize that countries with sufficiently disparate endowments specialize in different subsets of goods. This paper develops a ...

In this paper, we determine the role played by early cognitive, noncognitive, and health endowments. We identify the causal effect of education on health and health-related behaviors. We develop an empirical model of schooling choice and post-schooling outcomes, where both schooling and the outcomes determined in part by schooling are influenced by measured early family environments and latent ...

Although there are a variety of studies on the gender pay gap, only a few relate to managerial positions. The present study attempts to fill this gap. Managers in private companies in Germany are a highly selective group of women and men, who differ only marginally in their human capital endowments. The Oaxaca/Blinder decomposition shows that the gender pay gap in the gross monthly salary can h...

Although there are a variety of studies on the gender pay gap, only a few relate to managerial positions. The present study attempts to fill this gap. Managers in private companies in Germany are a highly selective group of women and men, who differ only marginally in their human capital endowments. The Oaxaca/Blinder decomposition shows that the gender pay gap in the gross monthly salary can h...

Abstract The advent of artificial intelligence is changing the task allocation workers and machines in firms’ production processes with potentially wide ranging effects on firms. We develop an agent-based simulation framework to investigate consequences different types automation for industry output, wage distribution, labor share, dynamics. It shown how competitiveness markets, particular barr...

We evaluate the economic consequences of endogenous immigration in a two-country, two-skill, endogenous-growth model, where human and physical capital are productive assets. Adding to model yields new insights about induced-immigration effects exogenous pull push triggers, on evolution “immigration surplus” short versus long run, destination source countries, global economy. The policy we analy...