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Short-cycle higher education programs (SCPs) can play a central role in skill development and higher education expansion, yet their quality varies greatly within and among countries. In this paper we explore the relationship between programs' practices and inputs (quality determinants) and...
Persistent link: https://www.econbiz.de/10013362018
Decentralization of decision-making is among the most intriguing recent school reforms, in part because countries went in opposite directions over the past decade and because prior evidence is inconclusive. We suggest that autonomy may be conducive to student achievement in well-developed...
Persistent link: https://www.econbiz.de/10012461066
Developing countries spend hundreds of billions of dollars each year on schools, educational materials and teachers, but relatively little is known about how effective these expenditures are at increasing students' years of completed schooling and, more importantly, the skills that they learn...
Persistent link: https://www.econbiz.de/10012461104
The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in promoting economic well-being, with a particular focus on...
Persistent link: https://www.econbiz.de/10012465824
Higher wages are generally thought to increase human capital production especially in the developing world. We show …
Persistent link: https://www.econbiz.de/10012459522
Using micro-data from 48 developing countries, I document a recent reversal in the income-fertility relationship and its aggregate implications. Before 1960, children from larger families had richer parents and obtained more education. By century's end, both patterns had reversed. Consequently,...
Persistent link: https://www.econbiz.de/10012459534
Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the …-country overlapping generations model and combine it with long-term demographic projections for several world regions over a 50 year … horizon. Our simulations suggest that capital flows from fast-aging industrial countries (such as Germany and Italy) to the …
Persistent link: https://www.econbiz.de/10012470165
International trade has been cited as a source of widening wage inequality in industrial nations. Consistent with this claim, we find a significant export wage premium for high-skilled workers in German manufacturing and an export wage discount for lower skilled workers, using matched...
Persistent link: https://www.econbiz.de/10012462668
Although international financial markets are highly integrated across the more well-developed countries, investors nevertheless hold portfolios that consist nearly exclusively of domestic assets. This violation of the predictions of standard theories of portfolio choice is known as the...
Persistent link: https://www.econbiz.de/10012473874
Despite the dramatic reduction in explicit barriers to international investment activity over the last 60 years, the impact of financial globalization has been remarkably limited. I argue that country attributes are still critical to financial decision-making because of what I call the twin...
Persistent link: https://www.econbiz.de/10012467617