This paper estimates a private school learning premium in Tanzania by implementing a flexible value-added model with unique administrative data on exam scores. The dataset covers 635,000 secondary school students with information on both their primary and lower secondary school exam records,...

This paper uses a new measure of human capital that works much better in explaining productivity in OECD countries compared to earlier measures of human capital to investigate the educational policy drivers of human capital. A novel methodology is utilised by interacting educational policies,...

The official national accounts statistics do not show the role of human capital in the national economy. A set of satellite tables supplementing the standard national accounts statistics could serve this data need. In this satellite account, expenditure on education and training are recorded as...

Labor market pooling is considered one of the advantages of agglomerations. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and firms. Firms produce with different technologies requiring diverse skills....

Human capital, defined as a sum of knowledge, abilities and skills that may be used in a productive way, plays an important role at the growth and development of a country. For this reason, the purpose of this article is to analyze the way in which its five determinants - formal education,...

The structural transformation of the Indian economy from agriculture (primary sector) dominated to one led by the services sector (tertiary sector), bypassing the intermediate stage of manufacturing (secondary sector) led growth, offers an alternative to conventional theories of economic...

This paper considers the effects of migration costs on human capital investments. We argue that migration costs hurt high-skilled workers relatively more than low-skilled workers. High-skilled workers often have specific skills that oblige them to consider a wider market than low-skilled...

Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. We introduce health human capital into a two-period overlapping generations model....

This paper develops a model with increasing adult life expectancy as the driving force of the economic and demographic transition. We show that if parents invest their own time into children's human capital, rising adult life expectancy unambiguously increases fertility. With children educated...

This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the COVID-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated...