This paper studies the effect of landownership concentration on school enrollment for nineteenth-century Prussia. Prussia is an interesting laboratory given its decentralized educational system and the presence of heterogeneous agricultural institutions. We find that landownership concentration,...

Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is...

2009 Budget speech

A longitudinal household survey from World Bank Living Standards Measurement Survey (LSMS) was used for the study. A relatively small (but representative) sample of households residing in the mountainous regions of Nepal (i.e., excluding the low-lying Terai regions) were surveyed in three...

This note examines recent trends in the labor market and employment situation in Bangladesh and draws some policy implications keeping the poverty reduction imperatives in view. [BB PP No. 0807]. URL:[http://www.bangladesh-bank.org/openpdf.php].

This report investigates how more and better jobs can be created in South Asia. It does so for two reasons. First, this region will contribute nearly 40 percent of the growth in the world’s working-age (15–64) population over the next several decades. It is important to determine...

The emergence of a large and dynamic middle class raises Asia’s profile as an attractive market destination for products ranging from consumer goods to financial services. There are even hopes that the Asian consumer will replace the US as “world consumer of last resortâ€,...

We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...

The aim of this paper is to examine the evolution of recruitment of elites and to investigate the nature of the links between recruitment of elites and economic growth. The main change that occurred in the way the Western world trained its elites is that meritocracy became the basis for their...

Adolescents (10-19 years) constitute about one fourth of India's population and young people (10-24 years) about one third of the population. This huge section of population represents a great 'demographic dividend' and offers a dependable potential to drive and sustain economic growth that...