Essays on human capital and entrepreneurship
Abstract/Contents
- Abstract
- This thesis analyzes economic models and empirical evidence on the topic of the evo- lution of labor market and the development of human capital in a rapidly developing country. The rst chapter develops a theoretical model of evolving skills and wages when there is an exogenous increase in return to skill. The model predicts that recent graduates' wages may decrease in the medium and long run even as the demand for skilled workers increases. The second chapter provides empirical evidence that supports the theory devel- oped in the rst chapter. The rst half of the chapter analyzes a recent China dataset, and nds that while wages for recent graduates decreased, wages for the experienced graduates increased. The second half of the chapter examines evidence from other developing countries at similar stages of development. The third chapter develops a model which provides a mechanism of rising return to skill after trade liberalization. By trading with a developed country, the developing country can make its high-skill workers more productive by working with foreign high-skill trainers, or by using cheaper skill-intensive foreign inputs. The fourth chapter develops a model of technology catch-up and its impact on the return to skill in a developing country. The opportunity for technology catch-up increases the demand for high-skill workers and drives up the return to skill. Moreover, if the new technologies acquired by the developing country are skill-intensive, the return to skill will increase further. i.
Description
| Type of resource | text |
|---|---|
| Form | electronic; electronic resource; remote |
| Extent | 1 online resource. |
| Publication date | 2011 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Associated with | Liang, James |
|---|---|
| Associated with | Stanford University, Graduate School of Business. |
| Primary advisor | Lazear, Edward P |
| Thesis advisor | Lazear, Edward P |
| Thesis advisor | Roberts, John, 1945 February 11- |
| Thesis advisor | Shaw, Kathryn |
| Advisor | Roberts, John, 1945 February 11- |
| Advisor | Shaw, Kathryn |
Subjects
| Genre | Theses |
|---|
Bibliographic information
| Statement of responsibility | James (Jianzhang) Liang. |
|---|---|
| Note | Submitted to the Graduate School of Business. |
| Thesis | Thesis (Ph. D.)--Stanford University, 2011. |
| Location | electronic resource |
Access conditions
- Copyright
- © 2011 by James Liang
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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