Precautionary Demand for Education, Inequality, and Technological Progress

By Eric D. Gould, Omer Moav, Bruce A. Weinberg. 2000

185 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/509def43ced1eb536c49de1c0e4e48081b1735d6

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Citations in the corpus

From Physical to Human Capital Accumulation: Inequality and the Process of Development (2004, unknown): “This line of research was explored theoretically by Galor and Tsiddon (1997), Caselli (1999), Galor and Moav (2000), Gould et capital is relevant for the currently LDCs as well.”
The economic case for education† (2016, background): “See Hanushek et al. (2015), section 4.7 for the employment analysis and below for more on PIAAC. 28. Existing evidence on this mechanism is mixed, however; see Arum and Shavit (1995), Malamud and Pop-Eleches (2010), and the reviews and discussions in Ryan (2001), Müller (2009), Wolter and Ryan (2011”
Saving Rates and Poverty: The Role of Conspicuous Consumption and Human Capital (2012, background): “Gould et al. (2001) demonstrate empirically that workers consider this type of unemployment risk when making their schooling decisions.”
Rising Wage Inequality, Comparative Advantage, and the Growing Importance of General Skills in the United States (2002, background): “See Gould, Moav, and Weinberg (2001) for a recent formulation of how technology creates inequality within and between groups.”
General Education, Vocational Education, and Labor-Market Outcomes over the Lifecycle* (2011, unknown): “The pattern we study is also in line with the model by Gould, Moav, and Weinberg (2001), where technologicalprogress leads to a higherdepreciationof technology-specificskills vs.general skills.”
The Effects of Technical Change on Labor Market Inequalities (2004, unknown): “economy.(98) In general, the most recent evaluations of programs entailing expenditures and treatment at early childhood report remarkable success.”
Earnings Dynamics, Changing Job Skills, and STEM Careers* (2020, background): “In Gould, Moav, and Weinberg (2001), workers make precautionary investments in general education to insure against obsolescence of technology-speciﬁc skills.”
Real Options and Human Capital Investment (2007, unknown): “Moreover, the covariance between earnings and education is typically negative, see also Gould et al. (2000) and Palacios-Huerta (2004). This implies that higher levels of education serve as an insurance device and the risk premium on human capital should be lower with the level of education (Levhari”
Can Risk Aversion Explain Schooling Attainments? Evidence from Italy (2007, unknown): “and that θi is drawn from an unknown distribution which is approximated by a discrete distribution withK points of support.(23) This approach amounts to the estimation of a vector of grade level specific intercept terms for each type.”
Cheap Children and the Persistence of Poverty (2001, unknown): “Mookherjee and Ray (2003) show that while inequality persists irrespective of the divisibility of human capital, the multiplicity of steady states requires indivisibilities in the return to education.”