Due to the high uncertainty characterizing them, transition economies provide an extraordinary opportunity to test the precautionary saving hypothesis. This paper represents an attempt to exploit this opportunity. We use a panel of 2,346 Muscovite households, over the 12 months of 1996, to...

A national household income survey and census data are used to examine the determinants of educational attainment in China. Rural and Urban areas are analyzed separately, and contrasted, owing to the sharp economic and institutional divide between them. The roles of income, age, gender,...

In some developing countries, private rates of return to primary education have fallen to low levels. An explanation is provided as to why this fall need not reduce the demand for primary education. Primary schooling is a necessary input into postprimary. In an educational system that is...