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UID:8069f823394d93692aaf312ded229905
CATEGORIES:Seminars
CREATED:20150211T151958
SUMMARY:Fabian Waldinger - University of Warwick
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="text-align: justify;"><strong>Bombs, Brains, and Science The Role
  of Human and Physical Capital for the Creation of Scientific Knowledge</st
 rong></p><p style="text-align: justify;">Abstract:</p><p style="text-align:
  justify;">This paper examines the relative roles of human and physical cap
 ital for the creation of scientific knowledge. To address the endogeneity o
 f inputs, I analyze a shock to human capital, the dismissal of scientists i
 n Nazi Germany, and a shock to physical capital, WWII bombings of universit
 ies. In the short-run, a 10% decline in human capital reduced output by .2 
 sd whereas a 10% decline in physical capital reduced output by .05sd. The h
 uman capital shock persisted in the long-run, while the physical capital sh
 ock did not. To explore mechanisms for the persistence of the human capital
  shock I show that the dismissal of ‘star scientists’ was particularly detr
 imental as they are key for attracting other successful researchers and for
  the training of PhD students.</p>
DTSTAMP:20260421T164906Z
DTSTART:20141016T173000Z
DTEND:20141016T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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