Fidel Pérez Sebastián
University of Alicante
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Featured researches published by Fidel Pérez Sebastián.
B E Journal of Macroeconomics | 2005
Chris Papageorgiou; Fidel Pérez Sebastián
The growth literature has not yet fully established how data on educational attainment should be introduced in theories involving human capital. This paper examines alternative specifications of human capital within the Mincerian class that once incorporated in standard growth models may generate predictions that match up with the existing data on education. First, we analyze predictions in the Bils and Klenow (2000) model and show that although they behave correctly under some parameterizations, they are also subject to some shortcomings. Next, we present a standard neoclassical two-sector growth model that adopts a human capital specification in which the fraction of individuals time endowment in school is viewed as an investment rate. We show that the optimally chosen educational attainment predicted by the calibrated model does not correspond to the data as it is unrealistically high. Finally, we propose an alternative specification of human capital based on a law of motion of educational attainment that successfully matches up with the data.
Journal of Monetary Economics | 2010
Shankha Chakraborty; Chris Papageorgiou; Fidel Pérez Sebastián
Review of International Economics | 2008
Lilia Maliar; Serguei Maliar; Fidel Pérez Sebastián
Archive | 2005
Fidel Pérez Sebastián; Lilia Maliar; Serguei Maliar
Review of Economics and Institutions | 2012
Fidel Pérez Sebastián
Archive | 2001
Chris Papageorgiou; Fidel Pérez Sebastián
MPRA Paper | 2013
Shankha Chakraborty; Chris Papageorgiou; Fidel Pérez Sebastián
Archive | 2008
Fidel Pérez Sebastián
DEGIT Conference Papers | 2006
María Dolores Guilló; Fidel Pérez Sebastián
Archive | 2001
Fidel Pérez Sebastián