This article presents revised estimates of the external rates of return on investment in schooling provided in “Schooling and National Income: How Large Are the Externalities?” The analysis is based on data for the same set of countries, but it incorporates methodological improvements that...

This paper uses a new data set for cumulative national investment in formal schooling and a newinstrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the...

In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital and human capital rise together, and 3) Human...

This research analyzes the individual qualities and microeconomic profiles from mexican workers in Mexico, which under relative deprivation conditions, take the choice to leave the country as an alternative way to improve their life expectations. It is found that mexican assistance programs...

This paper explores the links between the level of per capita income, growth and democracy, a central issue in the literature regarding economic policy. The first three sections focus on the socalled modernization hypothesis from both a theoretical and an empirical perspective. According to this...

This paper examines the performance small area of welfare estimation. The method combines census and survey data to produce spatially disaggregated poverty and inequality estimates. To test the method, predicted welfare indicators for a set of target populations are compared with their true...

This paper proposes sustainability - adjusted human development index (SHDI) in which countries' achievements in human development are penalized if there is over-exploitation of the environment. The human development approach has been a powerful framework in the past for advancing the...

In this paper we want to show the propensity to return to Italy of a sample of Italian academics who have emigrated abroad and we provide new empirical evidence through structural equation models (SEM). With SEM we have obtained more information about the relations between the variables and the...

This paper analyzes the determinants of the choice of location of international students. Building on the documented trends in international migration of students, we develop a small theoretical model allowing to identify the various factors associated to the attraction of migrants as well as...