Productive Education or a Marketable Degree?

Using a search-theoretic model where education's productive role is endogenous, we study the theoretical ramifications of separating human capital accumulation from educational investment decisions.HUMAN CAPITAL ; EDUCATION ; INVESTMENTS

A Robust Localization Solution for an Uncrewed Ground Vehicle in Unstructured Outdoor GNSS-Denied Environments

This work addresses the challenge of developing a localization system for an uncrewed ground vehicle (UGV) operating autonomously in unstructured outdoor Global Navigation Satellite System (GNSS)-denied environments. The goal is to enable accurate mapping and long-range navigation with practical applications in domains such as autonomous construction, military engineering missions, and exploration of non-Earth planets. The proposed system - Terrain-Referenced Assured Engineer Localization System (TRAELS) - integrates pose estimates produced by two complementary terrain referenced navigation (TRN) methods with wheel odometry and inertial measurement unit (IMU) measurements using an Extended Kalman Filter (EKF). Unlike simultaneous localization and mapping (SLAM) systems that require loop closures, the described approach maintains accuracy over long distances and one-way missions without the need to revisit previous positions. Evaluation of TRAELS is performed across a range of environments. In regions where a combination of distinctive geometric and ground surface features are present, the developed TRN methods are leveraged by TRAELS to consistently achieve an absolute trajectory error of less than 3.0 m. The approach is also shown to be capable of recovering from large accumulated drift when traversing feature-sparse areas, which is essential in ensuring robust performance of the system across a wide variety of challenging GNSS-denied environments. Overall, the effectiveness of the system in providing precise localization and mapping capabilities in challenging GNSS-denied environments is demonstrated and an analysis is performed leading to insights for improving TRN approaches for UGVs.Comment: 15 pages, 9 figures, 2 tables, to be published in The Proceedings of the Institute of Navigation GNSS+ 2023 conference (ION GNSS+ 23

Human capital formation and public debt: Growth and welfare effects of three different deficit policies

Greiner A. Human capital formation and public debt: Growth and welfare effects of three different deficit policies. Working Papers in Economics and Management. Vol 05-2015. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2015.In this paper we analyze an endogenous growth model with human capital that results from public educational spending. We allow for public debt and analyze three different debt policies: a balanced government budget, a slight deficit policy where debt grows but less than GDP, and a strong deficit policy where debt grows at the same rate as GDP. We find that the balanced budget policy and the policy with a slightly growing public debt are equivalent as concerns long-run economic growth. Further, those two rules yield higher growth than a debt policy where public debt grows at the same rate as GDP, unless the government is a creditor. As concerns welfare, it can be demonstrated that a strong deficit policy yields lower welfare than a balanced budget and a slight deficit, unless initial debt ratios are low and the intertemporal elasticity of substituion is high. Finally, it is demonstrated that there may exist an inverted U-shaped relation between welfare and deficit financed educational spending

Worker remittances and the global preconditions of ‘smart development’

With the growing environmental crisis affecting our globe, ideas to weigh economic or social progress by the ‘energy input’ necessary to achieve it are increasingly gaining acceptance. This question is intriguing and is being dealt with by a growing number of studies, focusing on the environmental price of human progress. Even more intriguing, however, is the question of which factors of social organization contribute to a responsible use of the resources of our planet to achieve a given social result (‘smart development’). In this essay, we present the first systematic study on how migration – or rather, more concretely, received worker remittances per GDP – helps the nations of our globe to enjoy social and economic progress at a relatively small environmental price. We look at the effects of migration on the balance sheets of societal accounting, based on the ‘ecological price’ of the combined performance of democracy, economic growth, gender equality, human development, research and development, and social cohesion. Feminism in power, economic freedom, population density, the UNDP education index as well as the receipt of worker remittances all significantly contribute towards a ‘smart overall development’, while high military expenditures and a high world economic openness are a bottleneck for ‘smart overall development’

Optimal redistributive tax and education policies in general equilibrium

This paper studies optimal linear and non-linear income taxes and education subsidies in two-type models with endogenous human capital formation, endogenous labor supply, and endogenous wage rates. Assuming constant human capital elasticities, human capital investment should be efficient under optimal linear policies, whether general equilibrium effects are present or not. Hence, education subsidies should not be used for distributional reasons. Due to general equilibrium effects, optimal linear income taxes may even become negative. Optimal non-linear policies exploit general equilibrium effects for redistribution. The high-skilled type optimally has a negative marginal income tax rate and a positive marginal education subsidy. The low-skilled type optimally faces a positive marginal income tax rate and a marginal tax on education. Simulations demonstrate that general equilibrium effects have only a modest effect on optimal non-linear policies

Racism as a determinant of health: a systematic review and meta-analysis

Despite a growing body of epidemiological evidence in recent years documenting the health impacts of racism, the cumulative evidence base has yet to be synthesized in a comprehensive meta-analysis focused specifically on racism as a determinant of health. This meta-analysis reviewed the literature focusing on the relationship between reported racism and mental and physical health outcomes. Data from 293 studies reported in 333 articles published between 1983 and 2013, and conducted predominately in the U.S., were analysed using random effects models and mean weighted effect sizes. Racism was associated with poorer mental health (negative mental health: r = -.23, 95% CI [-.24,-.21], k = 227; positive mental health: r = -.13, 95% CI [-.16,-.10], k = 113), including depression, anxiety, psychological stress and various other outcomes. Racism was also associated with poorer general health (r = -.13 (95% CI [-.18,-.09], k = 30), and poorer physical health (r = -.09, 95% CI [-.12,-.06], k = 50). Moderation effects were found for some outcomes with regard to study and exposure characteristics. Effect sizes of racism on mental health were stronger in cross-sectional compared with longitudinal data and in non-representative samples compared with representative samples. Age, sex, birthplace and education level did not moderate the effects of racism on health. Ethnicity significantly moderated the effect of racism on negative mental health and physical health: the association between racism and negative mental health was significantly stronger for Asian American and Latino(a) American participants compared with African American participants, and the association between racism and physical health was significantly stronger for Latino(a) American participants compared with African American participants.<br /

Economic Freedom as a Driver for Growth in Transition

This paper reviews the political economy view of economic growth in post-communist economies making the transition to free markets, focusing on the role of economic policy and institutions. We test the hypothesis that better institutions, measured in terms of economic freedom, contribute to growth. The empirical results from the cross-section of transition economies confirm this hypothesis. The paper concludes that non-linearities are present in the growth model and that differences arise depending on how economic well-being is defined

Long-distance longitudinal transport of gravel across the Cordilleran thrust-beltof Montana and Idaho

Two newly identified middle Eocene paleovalleys (≥ 100 km long) preserved on top of the southwest Montana reentrant of the Cordilleran fold-and-thrust belt indicate long-lived longitudinal flow across the thrust belt and resolve a long-standing debate about the source of the voluminous quartzite debris in the Upper Cretaceous to lower Tertiary Divide, Harebell, and Pinyon conglomerates of Montana, Idaho, and Wyoming. Geologic mapping, stratigraphic, provenance, and geochronologic studies revealed that Eocene volcanic and sedimentary rocks in the paleovalleys are as thick as 2 km, onlap preexisting bedrock, and interfinger with well-rounded conglomerate derived from formations exposed only to the west. The middle Eocene paleovalleys are the youngest expression of a major paleoriver system that transported sediment toward the foreland during the Sevier orogeny. An Eocene subcrop map shows that the headwaters of the Eocene paleovalleys coincided with structural culminations in the thrust belt that supplied sediment to the Divide conglomerate of the Upper Cretaceous to lower Tertiary Beaverhead Group. Ultimately, the Lemhi Pass and Hawley Creek paleovalleys provided several thousand cubic kilometers of quartzite debris to the Pinyon and Harebell conglomerates of northwest Wyoming 200–350 km away, and formed the northwest half of a giant longitudinal drainage system. Sevier contraction, not the rising Idaho batholith, first uplifted vast culminations beneath the headwaters of this river system