Essays on the Economics of Human Capital Accumulation PDF Download
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Languages : en
Pages : 274
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Author:
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Languages : en
Pages : 274
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Author: Lucia Rizzica
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Languages : en
Pages : 0
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Author: Alexandros T. Mourmouras
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Languages : en
Pages : 190
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Author: Sophie Ochmann
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Languages : en
Pages : 0
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While health and education, jointly referred to as human capital, are important ends in themselves, they are also important drivers of poverty alleviation and economic growth. Understanding and overcoming the barriers that constrain human capital accumulation is hence crucial for economic development. This dissertation examines three barriers to human capital accumulation in three essays. Essay one studies whether providing school-based management committees with a grant and training can improve primary educational attainment in Sokoto, Nigeria. We thereby contribute evidence from an unders...
Author: Rodrigo Azuero Melo
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Languages : en
Pages : 448
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This dissertation deals with two different aspects of human capital accumulation: early childhood development and tertiary education. Specifically, it analyzes the role that public policies or changes in regulations affect incentives of agents in a way that ends up affecting the aggregate endowment of human capital in an economy. The first chapter is related to early childhood development. Recent literature has shown that skills shaped during childhood have long lasting consequences later in life. This fact has promoted a large number of programs aimed at stimulating the skill formation process for children in disadvantage. However, little is known about how cost-effective are these policies. In this chapter I evaluate the cost-effectiveness of three alternative policies aimed at improving the living standards of families in disadvantage: cash transfers, childcare subsidies, and subsidies for child investments. I find that subsidies promoting child investments are much more productive than the other two alternatives. In the second chapter, co-authored with David Zarruk, we analyze the consequences that subsidized loans for higher education have on the quality of education offered by colleges in the context of a developing country. We find that subsidized student loan policies lead to a widening gap in the quality of services provided by higher education institutions. This happens because the demand for elite institutions unambiguously increases when individuals can borrow. This does not happen in non-elite institutions, since relaxing borrowing constraints makes some individuals move from non-elite to elite institutions. The higher increase in demand for elite institutions allows them to increase prices and investment per student. If investment and average student ability are complementary inputs in the quality production function, elite universities also increase their acceptance cut-offs. In this new equilibrium, the differentiation of the product offered by colleges increases, where elite universities provide higher quality education to high-ability students and non-elite universities offer lower quality to less-able students. We calibrate the model to Colombia, which implemented massive student loan policies during the last decade and experienced an increase in the gap of quality of education provided by elite and non-elite universities. We show that the increase in the quality gap can be a by-product of the subsidized loan policies. Such results show that, when analyzed in a general equilibrium setting, subsidized loan policies can have negative effects in equilibrium.
Author: Ernesto Rattia Lima
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Category : Education
Languages : en
Pages : 498
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Author: Casey Abington
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Languages : en
Pages :
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The first essay examines the allocation of education spending. Human capital investment in early childhood can lead to large and persistent gains. Beyond this window of opportunity, human capital accumulation is more costly. Despite this, government education spending is allocated disproportionately toward late childhood and young adulthood. The consequences of a reallocation are examined using an overlapping generations model with private and public spending on early and late childhood education. Taking as given the higher returns to early investment, the model shows the current allocation may nonetheless be appropriate. With a homogeneous population, this can hold for moderate levels of government spending. With heterogeneity, this can hold for middle income workers. Lower income workers, by contrast, may benefit from a reallocation. The second essay provides a detailed review of the human capital proxies used in growth regressions. Economic theory and intuition tells us that human capital is important for economic growth, and now most empirical growth studies include a human capital component. Human capital is a complex concept that is difficult to quantify in a single measure. A number of proxies have been proposed, with most focusing on an aspect of education. The consensus is that human capital is poorly proxied. For each of the most commonly used measures, I give a description, discuss trends, summarize the literature and results, compare advantages and disadvantages, and list data sets. This review will serve as a useful reference for any researcher including human capital in a growth regression. The final essay explores the importance of a variety of human capital measures for growth using the Bayesian Averaging of Classical Estimates (BACE) approach proposed by Sala-i-Martin, Doppelhofer, and Miller (2004). BACE combines standard Bayesian methods with the classical approach to address the problem of model uncertainty. A new data set is constructed that includes 35 human capital variables. The analysis shows that multiple human capital measures are robustly significant for growth. Some of these variables are IQ scores, the duration of primary and secondary education, average years of primary education, average years of female higher education, and higher education enrollment.
Author: Andrew Martin Simons
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Languages : en
Pages : 264
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Understanding how the poor respond to programs, policies, and shocks in the developing world is central to the study of development economics. In this dissertation, I examine how households and communities respond to various stressors at three scales and in three different contexts. First, I examine how changes in rainfall and temperature affect household's investment in schooling for their children in Indonesia. Secondly, I examine how communities alter the distribution of aid in a large social safety net program in rural Ethiopia when communities are not given sufficient resources to implement the program as designed. Thirdly, I examine the behavioral response to the presence of researchers during the data collection process of a field evaluation of fuel-efficient cookstoves in Uganda. By examining the varied responses to stressors, these essays contribute to understanding the processes of development around the world.
Author: Huoying Wu
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Category : Human capital
Languages : en
Pages : 190
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Category :
Languages : en
Pages : 139
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In these essays, I model the impact of social forces on individuals' human capital decisions and use relevant data to produce empirical estimates of the importance of these social influences as well as the potential impact of related policies. In the first chapter, I examine the formation of friend networks in high school and measure the degree to which policy can alter these social structures and, consequently, academic outcomes. In the second essay, I leverage particular aspects of data from a large study of high school students to measure the impact of friends on college application and attendance behavior in a novel manner than loosens assumptions made in earlier work. In the final chapter, I analyze a model of human capital accumulation and marriage and use panel data to estimate model parameters and obtain measures of how marriage affects schooling and work earlier in life.
