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Exploiting cross-birth cohort and cross-country variation from a pool of 188 household surveys from 111 countries, this paper measures how life expectancy at birth affects lifetime education and earnings. On average, individuals add one year of schooling for every 8.3 years of increased life...
Persistent link: https://www.econbiz.de/10012388740
This paper studies economic growth in Malaysia, with the purpose of assessing the potential to attain the status and characteristics of a high-income country. Future economic growth is simulated under a business-as-usual baseline, where the growth drivers follow their historical or recent...
Persistent link: https://www.econbiz.de/10012241371
This paper reviews the evidence on the importance of human capital for macro-economic development. Through the lens of a simple aggregate production function, human capital might increase output per capita by directly entering in the production process, incentivising the accumulation of...
Persistent link: https://www.econbiz.de/10012002419
This paper models household investments in young children when parents and older siblings share caregiving responsibilities and when investments by older siblings contribute to young children's human capital accumulation. To test the predictions of the model, the paper estimates the impact of...
Persistent link: https://www.econbiz.de/10012390590
equilibrium ramifications of subsistence traps are developed. The main issue is that the economy may be subject to hysteresis: A … temporary shock such as a natural disaster may leave permanent consequences for the economy. An obvious permanent effect of a … incentives to invest in human capital and may even propel a formerly stagnating economy into a virtuous path of continuing growth …
Persistent link: https://www.econbiz.de/10003821275
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Persistent link: https://www.econbiz.de/10000971725
Persistent link: https://www.econbiz.de/10012002660
This paper compiles project-level data from the World Bank's lending history to describe patterns and the composition of its portfolio. The paper focuses particularly on the effect of countries' transition from International Development Association to International Bank for Reconstruction and...
Persistent link: https://www.econbiz.de/10012004776
This paper estimates private and social returns to investment in education in Turkey, using the 2017 Household Labor Force Survey and alternative methodologies. The analysis uses the 1997 education reform of increasing compulsory education by three years as an instrument. This results in a...
Persistent link: https://www.econbiz.de/10012008285