The Two Faces of Knowledge Diffusion: the Chilean Case

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The Two Faces of Knowledge Diffusion: the Chilean Case

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Piergiuseppe Morone (university of Sussex)

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Piergiuseppe Morone

Abstract

This paper analyses the dynamics of return to knowledge where knowledge is acquired through the combination of interactive and individual learning. We suggest that in light of this new definition of knowledge, choosing the optimal level of education is no longer an individual exercise of present and future utility maximisation as suggested by more formal human capital theory (Becker, 1964). In fact, other external (environmental) variables might affect the individual decision of investment. We calculate the effect of individual and interactive learning in determining the wage of Chilean workers aged between 14 and 65.

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Paper provided by EconWPA in its series Labor and Demography with number 0211002.

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Length: 32 pages
Date of creation: 11 Nov 2002
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Handle: RePEc:wpa:wuwpla:0211002

Note: Type of Document - ; pages: 32; figures: included
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Article
- Piergiuseppe Morone, 2006. "The two faces of knowledge diffusion: the Chilean case," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(1), pages 29-50. [Downloadable!]

Find related papers by JEL classification:
I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

This paper has been announced in the following NEP Reports:

NEP-ALL-2002-11-18 (All new papers)
NEP-DEV-2002-11-18 (Development)

References listed on IDEAS
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Other versions:
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