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processes. Revisiting the models that constitute the core of growth theory, we expose analytically the main mechanisms through …
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We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, since their...
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Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to its overtaking the UK as economic superpower. We explore the contributing factors. Identifying the land-grant colleges system triggered by the 1862/1890 Morrill Acts (MAs) as a...
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In this paper, I study temporary migrations, and its consequences for immigrants' behaviour. I distinguish between temporary migrations where the return time is exogenous, and temporary migrations where the migrant chooses when to return. I then illustrate the consequences both types of...
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earnings convergence across source countries with time in the United States. Human-capital theory plausibly explains the … inverse relationship between initial earnings and earnings growth rates: the good fit between data and theory suggests that …
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