Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the challenges posed by conceptual difficulties, the...

Under China's household registration (hukou) system, children with rural hukou do not have equal rights to access education in urban areas. This paper investigates the causal effect of hukou status on children's education by exploiting an exogenous change in hukou status induced by the hukou...

Under China's household registration (hukou) system, children with rural hukou lack equal access to education in urban areas. This paper investigates the causal effect of hukou status on children's education by exploiting an exogenous change in hukou status induced by the hukou reform in 1998....