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Institutions And The Allocation Of Talent
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Book Synopsis Institutions and the Allocation of Talent by : Timur Natkhov
Download or read book Institutions and the Allocation of Talent written by Timur Natkhov and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions affect investment decisions, including investments in human capital. Hence institutions are relevant for the allocation of talent. Good market-supporting institutions attract talent to productive value-creating activities, whereas poor ones raise the appeal of rent-seeking. We propose a theoretical model that predicts that more talented individuals are particularly sensitive in their career choices to the quality of institutions, and test these predictions on a sample of around 95 countries of the world. We find a strong positive association between the quality of institutions and graduation of college and university students in science, and an even stronger negative correlation with graduation in law. Our findings are robust to various specifications of empirical models, including smaller samples of former colonies and transition countries. The quality of human capital makes the distinction between educational choices under strong and weak institutions particularly sharp. We show that the allocation of talent is an important link between institutions and growth.
Book Synopsis Quality of Institutions and the Allocation of Talent by : Timur Natkhov
Download or read book Quality of Institutions and the Allocation of Talent written by Timur Natkhov and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong institutions attract talent to productive activities, whereas weak ones raise the appeal of redistribution. We find a strong positive cross-country association between the quality of institutions and graduation of university students in science, and an even stronger negative correlation with graduation in law. These findings are robust to various specifications of empirical models. We also demonstrate that institutions dominate other factors affecting the allocation of talent. Finally, we present direct evidence that (mis)allocation of talent between productive and unproductive activities driven by institutional quality explains the discrepancy between private and public returns to education.
Book Synopsis Financial Institutions and the Allocation to Talent by : Vesa Kanniainen
Download or read book Financial Institutions and the Allocation to Talent written by Vesa Kanniainen and published by . This book was released on 2002 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä: Rahoitusinstituutiot ja kyvykkyyden jakautuminen taloudessa.
Book Synopsis Financial Institutions and the Allocation of Talent by : Vesa Kanniainen
Download or read book Financial Institutions and the Allocation of Talent written by Vesa Kanniainen and published by . This book was released on 2007 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper shows that uninformed finance gives rise to excessive entry, both in human-capital-intensive and in conventional industries when the financial institutions cannot identify the entrepreneurial talent. Introduction of informed capital (eg venture capital finance) with superior screening ability results in an institutional equilibrium with efficiency gains in human-capital industries. Contrary to received wisdom, the institutional equilibrium with informed capital is characterised by more limited entry to an industry, which requires highly talented human capital. Unexpectedly, the total welfare effect is ambiguous, as the allocation of non-informed capital is now less efficient in the conventional industry. The institutional equilibrium is shaped by investors' risk preferences, costs of establishing uninformed and informed capital, and the initial distribution to talent in the economy.
Book Synopsis Alternative Mechanisms for Corporate Control by : Randall Morck
Download or read book Alternative Mechanisms for Corporate Control written by Randall Morck and published by . This book was released on 1988 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money, fame and the allocation of talent[ by : Doh-Shin Jeon
Download or read book Money, fame and the allocation of talent[ written by Doh-Shin Jeon and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The allocation of talent by : Kevin M. Murphy
Download or read book The allocation of talent written by Kevin M. Murphy and published by . This book was released on 1990 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Three Essays on the Allocation of Talent by : Michael Johannes Boehm
Download or read book Three Essays on the Allocation of Talent written by Michael Johannes Boehm and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What We Owe Each Other by : Minouche Shafik
Download or read book What We Owe Each Other written by Minouche Shafik and published by Princeton University Press. This book was released on 2022-08-23 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.
Book Synopsis Handbook of Research on Entrepreneurship and Conflict by : Wim Naudé
Download or read book Handbook of Research on Entrepreneurship and Conflict written by Wim Naudé and published by Edward Elgar Publishing. This book was released on 2024-07-05 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook focuses on the complex relationship between entrepreneurship and conflict. Editors Wim Naudé and Bernadette Power construct a broad overview of central research themes in the field, covering states being captured by entrepreneurs, states capturing businesses, entrepreneurship in post-conflict reconstruction, and entrepreneurs in conflict against other entrepreneurs.
Book Synopsis The Behavioral and Social Sciences by : National Research Council
Download or read book The Behavioral and Social Sciences written by National Research Council and published by National Academies Press. This book was released on 1988-02-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores the scientific frontiers and leading edges of research across the fields of anthropology, economics, political science, psychology, sociology, history, business, education, geography, law, and psychiatry, as well as the newer, more specialized areas of artificial intelligence, child development, cognitive science, communications, demography, linguistics, and management and decision science. It includes recommendations concerning new resources, facilities, and programs that may be needed over the next several years to ensure rapid progress and provide a high level of returns to basic research.
Book Synopsis The Aristocracy of Talent by : Adrian Wooldridge
Download or read book The Aristocracy of Talent written by Adrian Wooldridge and published by Simon and Schuster. This book was released on 2021-07-13 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Times (UK) book of the year! Meritocracy: the idea that people should be advanced according to their talents rather than their birth. While this initially seemed like a novel concept, by the end of the twentieth century it had become the world's ruling ideology. How did this happen, and why is meritocracy now under attack from both right and left? In The Aristocracy of Talent, esteemed journalist and historian Adrian Wooldridge traces the history of meritocracy forged by the politicians and officials who introduced the revolutionary principle of open competition, the psychologists who devised methods for measuring natural mental abilities, and the educationalists who built ladders of educational opportunity. He looks outside western cultures and shows what transformative effects it has had everywhere it has been adopted, especially once women were brought into the meritocratic system. Wooldridge also shows how meritocracy has now become corrupted and argues that the recent stalling of social mobility is the result of failure to complete the meritocratic revolution. Rather than abandoning meritocracy, he says, we should call for its renewal.
Book Synopsis Empirical Research on an Unconditional Basic Income in Europe by : Lei Delsen
Download or read book Empirical Research on an Unconditional Basic Income in Europe written by Lei Delsen and published by Springer Nature. This book was released on 2019-11-27 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unconditional basic income (UBI) has attracted renewed attention in academia, as well as in public discussions in recent years, and much has been written on the possible consequences of a UBI. However, this is the first book focusing on the UBI in Europe that offers empirical research findings. It includes a survey on preferences for a UBI in the EU; an assessment of the political feasibility of a UBI in the EU; field studies in the Netherlands and Scotland; and the findings of laboratory experiments. Presenting contributions from Dutch and international researchers, this book provides scientific answers to the question of whether a UBI is desirable and feasible in Europe.
Book Synopsis The Spatial Market Process by : David Emanuel Andersson
Download or read book The Spatial Market Process written by David Emanuel Andersson and published by Emerald Group Publishing. This book was released on 2012-07-04 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Spatial Market Process
Book Synopsis Global Entrepreneurship, Institutions and Incentives by : Zoltán J. Ács
Download or read book Global Entrepreneurship, Institutions and Incentives written by Zoltán J. Ács and published by Edward Elgar Publishing. This book was released on 2015-12-18 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents some of Zoltán J. Ács’ most important contributions since the turn of the new millennium, with a particular intellectual focus on knowledge spillover entrepreneurship. It studies the evolution of global entrepreneurship and pays attention to the role of institutions and the incentives they create for economic agents who become either productive or unproductive entrepreneurs. For productive entrepreneurs, those that create wealth for themselves and for society, the author offers a knowledge spillover theory of entrepreneurship as a new way to help understand the entrepreneurial ecosystem. For those that create wealth only for themselves the author develops a theory of destructive entrepreneurship that undermines the entrepreneurial ecosystem. The book also presents an explanation of the role of philanthropy in reconstituting wealth to complete the circuits of capital in the theory of capitalist development. Finally, the author examines several public policy issues including immigration and technology transfer. This volume will be required reading for students and scholars of entrepreneurship, economics and public policy.
Download or read book Bulletin written by and published by . This book was released on 2002 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Why Nations Fail by : Daron Acemoglu
Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
