Productivity and Selection of Human Capital with Machine Learning
Abstract
Economists have become increasingly interested in studying the nature of production functions in social policy applications, with the goal of improving productivity. Traditionally models have assumed workers are homogenous inputs. However, in practice, substantial variability in productivity means the marginal productivity of labor depends substantially on which new workers are hired--which requires not an estimate of a causal effect, but rather...
Paper Details
Title
Productivity and Selection of Human Capital with Machine Learning
Published Date
May 1, 2016
Journal
Volume
106
Issue
5
Pages
124 - 127
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Notes
History