University of Warwick

About: University of Warwick is a education organization based out in Coventry, Warwickshire, United Kingdom. It is known for research contribution in the topics: Population & Context (language use). The organization has 26212 authors who have published 77127 publications receiving 2666552 citations. The organization is also known as: Warwick University & The University of Warwick.

The Returns to Education: Microeconomics

Abstract: In this paper we focus on education as a private decision to invest in "human capital" and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the rate of return using regression methods where the estimated return is obtained as the coefficient on a years of education variable in a log wage equation that contains controls for work experience and other individual characteristics, the issue is surrounded with difficulties. We outline the theoretical arguments underpinning the empirical developments and show that the evidence on private returns to the individual is compelling. Despite some of these issues surrounding the estimation of the return to schooling, our evidence, based on estimates from a variety of datasets and specifications, is that there is an unambiguously positive effect on the earnings of an individual from participation in education. Moreover, the size of the effect seems large relative to the returns on other investments.

Host‐plant selection by insects – a theory based on ‘appropriate/inappropriate landings’ by pest insects of cruciferous plants

Abstract: Seven hypotheses, including the ‘Resource Concentration Hypothesis’ and the ‘Enemies Hypothesis’, have been put forward to explain why fewer specialist insects are found on host plants growing in diverse backgrounds than on similar plants growing in bare soil. All seven hypotheses are discussed and discounted, primarily because no one has used any of them to produce a general theory of host plant selection, they still remain as hypotheses. However, we have developed a general theory based on detailed observations of insect behaviour. Our theory is based on the fact that during host plant finding the searching insects land indiscriminately on green objects such as the leaves of host plants (appropriate landings) and non-host plants (inappropriate landings), but avoid landing on brown surfaces, such as soil. The complete system of host plant selection involves a three-link chain of events in which the first link is governed by cues from volatile plant chemicals, the central link by visual stimuli, and the final link by cues from non-volatile plant chemicals. The previously ‘missing’ central link, which is based on what we have described as ‘appropriate/inappropriate landings’, is governed by visual stimuli. Our theory explains why attempts to show that olfaction is the crucial component in the central link of host plant selection proved intractable. The ‘appropriate/inappropriate landings’ theory is discussed to indicate the type of work needed in future studies to improve our understanding of how intercropping, undersowing and companion planting can be used to optimum effect in crop protection. The new theory is used also to suggest how insect biotypes could develop and to describe why pest insects do not decimate wild host plants growing in ‘natural’ situations.

The birth of new firms—Does unemployment matter? A review of the evidence

Abstract: The purpose of this paper is to review the most significant recent literature identifying the determinants of new-firm births and the role that unemployment plays. In doing so, the paper draws upon two distinct strands in the economics literature. The first strand of literature is from the field of industrial organization, where the role of entry has been examined within the structure-conduct-performance paradigm. The second strand comes from the literature on entreprepreneurship. Whereas the first approach tends to focus on the industry as the unit of analysis and is concerned primarily with inter-industry comparisons, the second strand of literature is more oriented towards the firm as a unit of analysis and the impact exerted by the macro-economic environment. It is concluded that the most important development for future research is at the interface of these two approaches.