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Full-Text Articles in Economics
Educational Spillovers: Does One Size Fit All?, Robert Baumann, Raphael Solomon
Educational Spillovers: Does One Size Fit All?, Robert Baumann, Raphael Solomon
Economics Department Working Papers
In a search model of production, where agents accumulate heterogenous amounts of human capital, an individual worker’s wage depends on average human capital in the searching population. Based on this model, this paper estimates a Mincerian wage equation augmented with terms for average human capital. The authors find that there is a positive and significant spillover effect, but that the effect differs by gender and population group, as well as educational status. The differing spillover effects can only partially be explained by occupational choice.
The Asian Financial Crisis And Banking Reform In China And Vietnam, Thomas Gottschang
The Asian Financial Crisis And Banking Reform In China And Vietnam, Thomas Gottschang
Economics Department Working Papers
The collapse of financial markets and exchange rates across Southeast and East Asia in 1997 and 1998 affected the economies of China and Vietnam much less than those of most other Asian countries. Ironically, the two transitional economies were protected to a great extent by the incomplete nature of their banking reforms and financial market development. The yuan and the dong were not yet traded internationally, securities markets were in very early stages of development, and tax codes, trade regulations, and accounting standards in the two countries did not yet fully conform to international norms. Yet the non-convertibility of their …
The Transformation Of China's Health Care System And Accounting Methods: Current Reforms And Developments, David Chu, Kolleen Rask
The Transformation Of China's Health Care System And Accounting Methods: Current Reforms And Developments, David Chu, Kolleen Rask
Economics Department Working Papers
This paper is a case study of China’s recent reforms in hospital accounting. We analyze the Chinese health care system in transition to highlight the changing role and nature of accounting services before and after the recent reforms. Prior to reforms, the accounting system provided data solely for government central planning purposes. Reforms were supposed to decentralize hospital decision making, thus signaling a need for a new accounting system that would provide information to managers and resource providers. However, the government continues to maintain control by fixing basic medical service prices at levels below cost while allowing profit margins for …