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UID:8069f823394d93692aaf312ded229905
CATEGORIES:Seminars
CREATED:20150211T151958
SUMMARY:Fabian Waldinger - University of Warwick
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Bombs, Brains, and Science The Role of Human and Physical Capital for the C
 reation of Scientific Knowledge\nAbstract:\nThis paper examines the relativ
 e roles of human and physical capital for the creation of scientific knowle
 dge. To address the endogeneity of inputs, I analyze a shock to human capit
 al, the dismissal of scientists in Nazi Germany, and a shock to physical ca
 pital, WWII bombings of universities. In the short-run, a 10% decline in hu
 man capital reduced output by .2 sd whereas a 10% decline in physical capit
 al reduced output by .05sd. The human capital shock persisted in the long-r
 un, while the physical capital shock did not. To explore mechanisms for the
  persistence of the human capital shock I show that the dismissal of ‘star 
 scientists’ was particularly detrimental as they are key for attracting oth
 er successful researchers and for the training of PhD students.\n
DTSTAMP:20260421T171500Z
DTSTART:20141016T173000Z
DTEND:20141016T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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