Tag Archives: human capital

Student work experience doesn’t help to get a job interview

Students in high school and university are often encouraged to work during the summer or after class to gain practical experience, make money, expand their networks, and thereby increase their chances of finding a “real” job later. While this seems … Continue reading

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How hot weather impedes cognitive performance

The threat of climate change and its associated costs are prominent in a vital and ongoing public discourse around the globe. Columbia University economist Matthew Neidell (together with his co-authors Solomon M. Hsiang and Joshua Graff Zivin) analyzes a previously … Continue reading

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Global Skill Partnership: Regulate skilled migration for global equity

The migration of skilled labor is often seen as unfair, benefiting rich countries (through receiving well-skilled workers to fill labor demands) at the expense of poor ones (who bear the financial burden of education and experience a brain drain of … Continue reading

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James Heckman on Gary Becker’s unique approach to economics

Gary Becker (December 2, 1930 – May 3, 2014) has changed the economic profession like few before him. With his brilliant work on human capital and the economics of the family, but also on such issues as drug abuse and … Continue reading

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Youth unemployment in Europe: What employers and policy makers can do

Youth unemployment has become one of the most pressing and highly discussed issues in Europe in the aftermath of the 2008 recession. However, there is major divergence in youth unemployment rates across European countries with massive increases in Spain, Greece, … Continue reading

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Is becoming criminal a matter of time?

When homo economicus thinks about committing a crime, it’s all about balancing: the benefit of the crime against the disutility of potential future punishment. But the balancing is more complicated than that since the benefit of the crime is usually … Continue reading

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Early school tracking: no long-term impact on labor market outcomes

School tracking systems, which allot students to certain school types according to their ability, seek to improve efficiency in education by tailoring curricula to students’ needs. Yet, early tracking bears the risk of misallocating students, as information about their full … Continue reading

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