Optimal Demand For Human Capital

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The Optimum Quantity Of Money

Author : Milton Friedman
Publisher : Transaction Publishers
ISBN 13 : 1412838096
Total Pages : 310 pages
Book Rating : 4.4/5 (128 download)

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Book Synopsis The Optimum Quantity Of Money by : Milton Friedman

Download or read book The Optimum Quantity Of Money written by Milton Friedman and published by Transaction Publishers. This book was released on 2005-01-01 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy. Milton Friedman is a senior fellow at the Hoover Institution of Stanford University. Before that, he was Distinguished Service Professor of Economics at the University of Chicago. He has also taught at Columbia University, the University of Wisconsin, the University of Minnesota, and Cambridge University. Among his many books are Essays in Positive Economics, A Program for Monetary Stability, Capitalism and Freedom, and A Monetary History of the United States. Michael D. Bordo is professor of economics at Rutgers, The State University of New Jersey, and author, with Lars Jonung, of, among other works, Demand for Money.

Optimal Demand for Human Capital

Author : Anu Rammohan
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Optimal Demand for Human Capital by : Anu Rammohan

Download or read book Optimal Demand for Human Capital written by Anu Rammohan and published by . This book was released on 1998 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Enterprise

Author : Mikhail V. Belov
Publisher : CRC Press
ISBN 13 : 1000344223
Total Pages : 277 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Optimal Enterprise by : Mikhail V. Belov

Download or read book Optimal Enterprise written by Mikhail V. Belov and published by CRC Press. This book was released on 2021-07-28 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern world, most gross product is created within Enterprise firms, project programs, state agencies, transnational corporations and their divisions, as well as various associations and compositions of the above entities. Enterprises, being, on the one hand, complex, and, on the other hand, widespread systems, are the subject matter of cybernetics, system theory, operations research, management sciences and many other fields of knowledge. However, the complexity of the system obstructs the development of mathematically rigorous foundations for Enterprise control. Moreover, methods of operations research and related sciences, which are widely used in practice, provide optimization of the constituents of an Enterprise, without modeling it as a whole system. But the optimization of parts does not lead to the optimality of the whole, and, also, the absence of top-down and holistic mathematical models of Enterprise contradicts the principle of holism and the system approach. The approach in this book looks first at Enterprise Systems and their essential aspects as complex sociotechnical systems composed of integrated sets of structural and process models (Chapters 1 and 2). A uniform description of all the heterogeneous fields of the modern Enterprise (marketing, sales, manufacturing, HR, finance, etc.) is then made, and the Enterprise Control Problem is posed as a top-down and holistic mathematical optimization problem (Chapter 3). Original models and methods of contract theory (Chapter 4), technology management (Chapter 5), human behavior and human capital (Chapter 6) and complex activity and resource planning (Chapter 7) are developed to solve the problem. Structural processes and mathematical models constitute an Optimal Enterprise Control Framework (Chapter 8) that provides a practical solution to the Enterprise Control Problem. This book is a resource for postgraduate and doctoral students, postdoctoral researchers and professors with research interests in the following fields of science: Fundamental Complex Systems study, Complex Systems Engineering, Enterprise Systems Engineering Applications of Operations Research, Optimization, Probability and Stochastic processes to Management Science, Economics and Business Theory of the Firm Business and Management – general, strategy/leadership, organization management, operations management and management information systems Theory of Business Processes, Business Processes Improvement and Reengineering

Risk-Taking and Optimal Taxation with Nontradable Human Capital

Author : Zuliu Hu
Publisher : International Monetary Fund
ISBN 13 : 1451947429
Total Pages : 22 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Risk-Taking and Optimal Taxation with Nontradable Human Capital by : Zuliu Hu

Download or read book Risk-Taking and Optimal Taxation with Nontradable Human Capital written by Zuliu Hu and published by International Monetary Fund. This book was released on 1992-12-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the effects of taxation on individual/entrepreneurs’ risk-taking behavior? This paper re-examines this old question in a continuous time life-cycle model. We demonstrate that the stream of uncertain income from human capital has systematic effects on demand for the risky physical capital asset. If labor supply is inelastic and real wages are known with certainty, then a labor income tax will reduce holdings of the risky physical asset. However, if there are random fluctuations in labor income, then the effect depends on the nature of interaction between wage risk and investment income risk. A labor income tax may actually raise demand for the risky capital asset if human capital risk and physical capital risk are positively correlated. The idiosyncratic risk and nontradability of human capital also have implications for optimal taxation. When the insurance and disincentive effects are jointly taken into account, a Pareto efficient tax structure implies a strictly positive tax rate.

The Human Capital Index 2020 Update

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464816476
Total Pages : 301 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Human Capital Index 2020 Update by : World Bank

Download or read book The Human Capital Index 2020 Update written by World Bank and published by World Bank Publications. This book was released on 2021-05-05 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human capital—the knowledge, skills, and health that people accumulate over their lives—is a central driver of sustainable growth, poverty reduction, and successful societies. More human capital is associated with higher earnings for people, higher income for countries, and stronger cohesion in societies. Much of the hard-won human capital gains in many economies over the past decade is at risk of being eroded by the COVID-19 (coronavirus) pandemic. Urgent action is needed to protect these advances, particularly among the poor and vulnerable. Designing the needed interventions, targeting them to achieve the highest effectiveness, and navigating difficult trade-offs make investing in better measurement of human capital now more important than ever. The Human Capital Index (HCI)—launched in 2018 as part of the Human Capital Project—is an international metric that benchmarks the key components of human capital across economies. The HCI is a global effort to accelerate progress toward a world where all children can achieve their full potential. Measuring the human capital that children born today can expect to attain by their 18th birthdays, the HCI highlights how current health and education outcomes shape the productivity of the next generation of workers and underscores the importance of government and societal investments in human capital. The Human Capital Index 2020 Update: Human Capital in the Time of COVID-19 presents the first update of the HCI, using health and education data available as of March 2020. It documents new evidence on trends, examples of successes, and analytical work on the utilization of human capital. The new data—collected before the global onset of COVID-19—can act as a baseline to track its effects on health and education outcomes. The report highlights how better measurement is essential for policy makers to design effective interventions and target support. In the immediate term, investments in better measurement and data use will guide pandemic containment strategies and support for those who are most affected. In the medium term, better curation and use of administrative, survey, and identification data can guide policy choices in an environment of limited fiscal space and competing priorities. In the longer term, the hope is that economies will be able to do more than simply recover lost ground. Ambitious, evidence-driven policy measures in health, education, and social protection can pave the way for today’s children to surpass the human capital achievements and quality of life of the generations that preceded them.

An Inquiry Into the Nature and Causes of the Wealth of Nations

Author : Adam Smith
Publisher :
ISBN 13 :
Total Pages : 522 pages
Book Rating : 4.:/5 (8 download)

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Book Synopsis An Inquiry Into the Nature and Causes of the Wealth of Nations by : Adam Smith

Download or read book An Inquiry Into the Nature and Causes of the Wealth of Nations written by Adam Smith and published by . This book was released on 1822 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Race between Education and Technology

Author : Claudia Goldin
Publisher : Harvard University Press
ISBN 13 : 0674037731
Total Pages : 497 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis The Race between Education and Technology by : Claudia Goldin

Download or read book The Race between Education and Technology written by Claudia Goldin and published by Harvard University Press. This book was released on 2009-07-01 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the nineteenth century. The book argues that technological change, education, and inequality have been involved in a kind of race. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This had the effect of boosting income for most people and lowering inequality. However, the reverse has been true since about 1980. This educational slowdown was accompanied by rising inequality. The authors discuss the complex reasons for this, and what might be done to ameliorate it.

Three Worlds of Labour Economics

Author : Garth L. Mangum
Publisher : Routledge
ISBN 13 : 1315493446
Total Pages : 368 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Three Worlds of Labour Economics by : Garth L. Mangum

Download or read book Three Worlds of Labour Economics written by Garth L. Mangum and published by Routledge. This book was released on 2016-07-08 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1988. More than ever before, the economics profession is divided among three competing schools of thought. Especially in labor economics, neoclassical, institutional, and radical perspectives contend, each approaching its analysis of issues from different world views and separate sets of assumptions. This book presents four issues in labor economics, income distribution, racial discrimination, comparable worth and the international division of labor.

The Demand for Health

Author : Michael Grossman
Publisher : Columbia University Press
ISBN 13 : 0231544529
Total Pages : 153 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Demand for Health by : Michael Grossman

Download or read book The Demand for Health written by Michael Grossman and published by Columbia University Press. This book was released on 2017-08-08 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature. It is well past time to bring this important work back into print. Grossman bases his approach on Gary S. Becker's household production function model and his theory of investment in human capital. Consumers demand health, which can include illness-free days in a given year or life expectancy, and then produce it through the input of medical care services, diet, other market goods and services, and time. Grossman also treats health and knowledge as equal parts of the durable stock of human capital. Consumers therefore have an incentive to invest in health to increase their earnings in the future. From here, Grossman examines complementarities between health capital and other forms of human capital, the most important of which is knowledge capital earned through schooling and its effect on the efficiency of production. He concludes that the rate of return on investing in health by increasing education may exceed the rate of return on investing in health through greater medical care. Higher income may not lead to better health outcomes, as wealth enables the consumption of goods and services with adverse health effects. These are some of the major revelations of Grossman's model, findings that have great relevance as we struggle to understand the links between poverty, education, structural disadvantages, and health.

Human Capital

Author : Joop Hartog
Publisher : Cambridge University Press
ISBN 13 : 1139464809
Total Pages : 223 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Human Capital by : Joop Hartog

Download or read book Human Capital written by Joop Hartog and published by Cambridge University Press. This book was released on 2007-06-28 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: At a time when governments and policy-makers put so much emphasis on 'the knowledge economy' and the economic value of education, human capital theory has never been more important. However, research in this area is often very technical and therefore not easily accessible to those who wish to use it as a guide to policy formation. This book provides an interface between such research and its potential applications in government, education and business. Reporting on a major research initiative, new findings are presented in a non-technical way on three major themes: measuring the benefits from human capital, applications of the human capital model, and policy interventions. Aimed at academic researchers and professionals concerned with the problems and techniques of human capital theory, it will also be useful for graduate courses on the economics of education to complement standard textbooks.

CFA Navigator - Level 3 Question Bank

Author : BPP Learning Media
Publisher : BPP Learning Media
ISBN 13 : 1445372371
Total Pages : 829 pages
Book Rating : 4.4/5 (453 download)

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Book Synopsis CFA Navigator - Level 3 Question Bank by : BPP Learning Media

Download or read book CFA Navigator - Level 3 Question Bank written by BPP Learning Media and published by BPP Learning Media. This book was released on 2013-01-01 with total page 829 pages. Available in PDF, EPUB and Kindle. Book excerpt: CFA Navigator - Level 3 Question Bank

A Theory of Earnings Distribution

Author : Robert Weizsäcker
Publisher : Cambridge University Press
ISBN 13 : 0521342945
Total Pages : 264 pages
Book Rating : 4.5/5 (213 download)

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Book Synopsis A Theory of Earnings Distribution by : Robert Weizsäcker

Download or read book A Theory of Earnings Distribution written by Robert Weizsäcker and published by Cambridge University Press. This book was released on 1993-09-16 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an understanding of the origins of earnings distributions.

Human Capital, Employment and Bargaining

Author : Robert A. Hart
Publisher : Cambridge University Press
ISBN 13 : 0521453267
Total Pages : 222 pages
Book Rating : 4.5/5 (214 download)

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Book Synopsis Human Capital, Employment and Bargaining by : Robert A. Hart

Download or read book Human Capital, Employment and Bargaining written by Robert A. Hart and published by Cambridge University Press. This book was released on 1995-05-18 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines human capital investment, employment and bargaining at the level of the firm. It attempts the first summary of results that incorporates both human capital investment and employment decisions within firm - union bargaining models, emphasising investment in teams, or groups, of workers. The authors also examine human capital in relation to labour demand as well as the delineation between neoclassical and coalitional firms. Further, they investigate connections between, on the one hand, turnover costs and firm-specific human capital and, on the other, unemployment. Labour market policy topics recur throughout the book and include the choice between pure wage and profit sharing remuneration systems, the issue of whether training should be subsidised by governments, worksharing versus layoff decisions, payroll tax incidence and the choice of compensation system as well as the role of human capital in influencing a firm's voluntary ex ante decision as to whether or not to bargain with an established union.

U.S. Economic Growth from 1976 to 1986: Human capital

Author :
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis U.S. Economic Growth from 1976 to 1986: Human capital by :

Download or read book U.S. Economic Growth from 1976 to 1986: Human capital written by and published by . This book was released on 1977 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Private Wealth

Author : Stephen M. Horan
Publisher : John Wiley & Sons
ISBN 13 : 0470381132
Total Pages : 578 pages
Book Rating : 4.4/5 (73 download)

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Book Synopsis Private Wealth by : Stephen M. Horan

Download or read book Private Wealth written by Stephen M. Horan and published by John Wiley & Sons. This book was released on 2009-01-09 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth examination of today's most important wealth management issues Managing the assets of high-net-worth individuals has become a core business specialty for investment and financial advisors worldwide. Keeping abreast of the latest research in this field is paramount. That's why Private Wealth, the inaugural offering in the CFA Institute Investment Perspectives series has been created. As a sister series to the globally successful CFA Institute Investment Series, CFA Institute and John Wiley are proud to offer this new collection. Private Wealth presents the latest information on lifecycle modeling, asset allocation, investment management for taxable private investors, and much more. Researched and written by leading academics and practitioners, including Roger Ibbotson of Yale University and Zvi Bodie of Boston University, this volume covers human capital and mortality risk in life cycle stages and proposes a life-cycle model for life transitions. It also addresses complex tax matters and provides details on customizing investment theory applications to the taxable investor. Finally, this reliable resource analyzes the use of tax-deferred investment accounts as a means for wealth accumulation and presents a useful framework for various tax environments.

Human Capital Investment

Author : Centre for Educational Research and Innovation
Publisher : Org. for Economic Cooperation & Development
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Human Capital Investment by : Centre for Educational Research and Innovation

Download or read book Human Capital Investment written by Centre for Educational Research and Innovation and published by Org. for Economic Cooperation & Development. This book was released on 1998 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in human capital is to the fore of debate and analysis in OECD countries about how to promote economic prosperity, fuller employment, and social cohesion. Individuals, organisations and nations increasingly recognise that high levels of know

Issues of Human Resource Management

Author : Ladislav Mura
Publisher : BoD – Books on Demand
ISBN 13 : 953513227X
Total Pages : 180 pages
Book Rating : 4.5/5 (351 download)

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Book Synopsis Issues of Human Resource Management by : Ladislav Mura

Download or read book Issues of Human Resource Management written by Ladislav Mura and published by BoD – Books on Demand. This book was released on 2017-06-07 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book "Issues of Human Resource Management", written by well-known authors, is a result of a teamwork of specialists who have been dealing with the issue of managing human resources in different contexts. The authors from Germany, Spain, Turkey, Slovakia and Romania have submitted results of their current research and have presented important findings that are becoming a starting point for making managers decision so that their businesses can be competitive. You have put your hands on a selection of the best scientific contributions that have been reviewed and now are offering a space for an active debate on partial issues of the given topic. The authors in their work examined also the factors of psychology applied in HRM, the organisation of companies and its impact on human resource management, workers motivation and incentives and investment into human resources development; they searched the field of human resource management in family businesses, the quality of relationship in a workplace and specifics of human resource management in non-governmental organisation.