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In this paper we provide an overview of China's human capital strategy and educational achievements over the last two decades. While every one acknowledges China as an economic superpower, very few are aware of or realize China's notable achievements in education as well as its...
Persistent link: https://www.econbiz.de/10013126143
This paper revisits the question of how brain drain affects the optimal education policy of a developing economy. Our framework of analysis highlights the complementarity between public spending on education and students' efforts to acquire human capital in response to career opportunities at...
Persistent link: https://www.econbiz.de/10012910755
Theory suggests that groups historically subject to discrimination, such as Jews, could exhibit traditionally high investment in education because discrimination spurred exit facilitated by human capital. Theory moreover suggests that if exit is uncertain, it could induce investment in skill...
Persistent link: https://www.econbiz.de/10012870308
Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration … result with Cobb-Douglas technology and migration which may go in both directions. This paper shows that the exit option may …
Persistent link: https://www.econbiz.de/10012754427
, the process of domestic accumulation of HC might be affected in several ways through migration and capital inflows …
Persistent link: https://www.econbiz.de/10012773554
This paper sheds light on the apparent paradox, wherein populations adversely affected by climatic conditions fail to migrate as much as would otherwise be expected. Drawing on Hirschman's treatise on Exit, Voice and Loyalty, we develop a simple model, which highlights the theoretical case for a...
Persistent link: https://www.econbiz.de/10012861312
evaluate the mechanisms that affect the evolution of immigrants' careers in conjunction with their re-migration plans. Our … analysis highlights a novel form of selective return migration where those who plan to stay longer invest more into skill …. Finally, our model provides important insight for the design of migration policies, showing that policies which initially …
Persistent link: https://www.econbiz.de/10014088604
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...
Persistent link: https://www.econbiz.de/10013106287
When social security is established to provide pensions to parents, their reliance upon children for future financial support decreases; and their need to save for retirement also falls. We use the expansion of pension coverage from the state sector to the non-state sector in urban China as a...
Persistent link: https://www.econbiz.de/10013065312
There is anecdotal evidence that the standard of living for the educated has fallen in Venezuela over the last few years. This evidence comes as a surprise because after experiencing an economic downturn in 2002 and 2003, Venezuela's economy has boomed (gross domestic product growth has hovered...
Persistent link: https://www.econbiz.de/10013158683