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The Two Faces of Knowledge Diffusion: the Chilean Case

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  • Piergiuseppe Morone

    (university of Sussex)

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.

Suggested Citation

  • Piergiuseppe Morone, 2002. "The Two Faces of Knowledge Diffusion: the Chilean Case," Labor and Demography 0211002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpla:0211002
    Note: Type of Document - ; pages: 32; figures: included
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    More about this item

    Keywords

    Chile; Inequality; Latin America; Knowledge; Schooling returns;
    All these keywords.

    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, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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