A household time allocation model is developed to explain the empirical regularity that the better educated farm members are usually the first to participate in nonfarm employment. Central to the model is the comparative advantage principle and a knowledge spillover hypothesis that workers who...

This paper develops a model in which it is possible to evaluate alternatives of human capital financing. The alternative systems under discussion are: total feeing; graduates taxes and uniform taxes (this can be associated to the scheme presently used in the Argentina universitary system)....

Research and Development (R&D) endogenous growth models predict and most evidence show that investment in R&D increases with economic development. We consider the type of human capital mainly used in research labs and show that the richest countries are investing proportionally less than middle...

There are significant gender differences in child schooling in the Indian states though very few studies explain this gender difference. Unlike most existing studies we take account of the implicit and explicit opportunity costs of schooling and use a bivariate probit model to jointly determine...

The paper aims to analyze the optimal level of schooling in the presence of learning-by-doing. To achieve this objective the paper introduces the learning-by-doing hypothesis on the Lucas model of economic growth induced by human capital accumulation. With the new setup, it is possible to show...

We show under lognormality that when the Gini coefficient is stable over time, defining the poverty line as a fraction of a central tendency of the living standard distribution restricts the evolution of the poverty measures to stability. That is, poverty does not change if the Gini coefficient...

During 2006, the Gallup Organization conducted a World Poll that used an identical questionnaire for national samples of adults from 132 countries. I analyze the data on life satisfaction and on health satisfaction and look at their relationships with national income, age, and life-expectancy....

In the wake of the debt crisis in 1982, Mexico adopted far reaching reforms but growth and stability remained elusive for many years. At present, the reforms and NAFTA seem to be finally paying off: inflation for 2000 is close to 10 percent and output per capita grew at an average of 5.4 percent...

Intercountry comparisons show Africa's health and education falls short of other regions, controlling for income, women's educations, and urbanization, but growth regressions do not clarify whether this low human capital caused slow growth. Microeconometric estimates of wage returns to schooling...

Many employment relationships concede rents to workers. Depending on the political institutions, the presence of such rents allows employers to use the threat of withdrawing them to control their workers' political behavior, such as their votes in the absence of secret ballot. We examine the...