We examine the dynamic responses of income and poverty to increased investment in the human capital of new cohorts of workers, using a quantitative macroeconomic model with realistic demography. Compared to a baseline in which the rate of human capital investment currently observed in every...

Extensive global evidence suggests that conditional cash transfers (CCTs) encourage long-terminvestment in human capital by poor households. However, CCTs also have the potential to distortincentives for investment among children. If only some children in the household are monitored/subsidized...

This paper studied the impact of education investment on regional poverty alleviation of Yunnan's poor counties, especially the dynamic constraints and marginal benefits of education input. This paper takes 30 poor counties in Yunnan province from 2007 to 2020 as the research object. A double...

This paper investigates the long-run economic consequences of a place-based poverty alleviation program in China on individuals' human capital investment and labor market performance. Using a regression discontinuity design, we find a strong, positive causal relationship between...