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Quality of Institutions and the Allocation of Talent: Cross‐National Evidence
Kyklos ( IF 1.796 ) Pub Date : 2019-09-03 , DOI: 10.1111/kykl.12211
Timur Natkhov 1 , Leonid Polishchuk 1
Affiliation  

Strong institutions attract talent to productive activities, whereas weak ones raise the appeal of redistribution. We find a strong positive cross‐country association between the quality of institutions and graduation of university students in science, and an even stronger negative correlation with graduation in law. These findings are robust to various specifications of empirical models. We also demonstrate that institutions dominate other factors affecting the allocation of talent. Finally, we present direct evidence that (mis)allocation of talent between productive and unproductive activities driven by institutional quality explains the discrepancy between private and public returns to education.

中文翻译:

机构质量和人才配置:跨国证据

强大的制度会吸引人才从事生产活动,而薄弱的制度则会提高再分配的吸引力。我们发现机构质量与大学生理科毕业之间存在很强的跨国正相关关系,而与法学毕业则呈更强的负相关。这些发现对经验模型的各种规范都是稳健的。我们还表明,制度主导了影响人才配置的其他因素。最后,我们提供了直接证据,即由制度质量驱动的生产性和非生产性活动之间的人才(错误)分配解释了私人和公共教育回报之间的差异。
更新日期:2019-09-03
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