This paper develops an improved measure of human capital. Using a Mincer specification of human capital, the improved measure takes into consideration rates of returns to schooling, education quality, and school dropouts. The paper applies the improved measure to evaluate national and global...

Australia’s policies towards asylum seekers hit the headlines when it refused to admit those aboard the Tampa in September 2001. This tough stance and the raft of legislation that followed became known as Australia’s “Pacific Solution”. It was clearly intended to deter those who might...