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Using longitudinal data for Argentina, this paper estimates the labor supply reaction of spouses and children, as well as the interactions between them, following the job loss of their husband or father. The findings show that job loss by the household head has a positive and significant impact on the labor supply of other household members. However, it increases the likelihood of spouses to switch to informal and downgraded employment, and of children to drop out from education. While effects are stronger among vulnerable households, coverage of social security does not provide enough support in coping with unemployment shocks. Mothers' labor participation, however, may allow their daughters to continue their education. [ABSTRACT FROM AUTHOR]

This paper evaluates the impacts of income inequality on life expectancy in African countries. The empirical analysis has been performed on a panel dataset of 52 African nations covering the period of 1995 to 2018. For estimating the inequality-health relationship, I have used Two-Stage Least Squares (2SLS) technique and a Panel Error Correction Model (PECM). The longrun cointegrating relationship was estimated using a Panel Dynamic Ordinary Least Square (PDOLS) estimator. The outcomes suggest that income inequality has negatively affected life expectancy at birth in the African continent overall. Though income inequality seems to have improved health in the short-run, in the long-run, income inequality had deleterious effects. A series of steps has been followed to check the soundness of the result of the main empirical examination and it is confirmed that the results are robust. [ABSTRACT FROM AUTHOR]

Conditional Cash Transfers (CCTs) have become a key antipoverty policy in Latin America in the last 25 years. The ultimate goal of this kind of programs is to break the intergenerational transmission of poverty through the promotion of human capital accumulation of children in vulnerable households. In this paper, we explore this issue by estimating the long-run effects of the largest CCT in Latin America: the Brazilian Bolsa Familia. Through a combination of the two-stage-two-sample method and a difference-in-differences approach, we find evidence consistent with a positive long-run impact of Bolsa Familia among former beneficiaries. In particular, we find a significant positive effect on education and labor income, and a negative effect on the likelihood of being a current beneficiary of this social transfer. [ABSTRACT FROM AUTHOR]

This study presents new empirical evidence on the role of time trends in low pay persistence. We utilize population-wide tax records to track monthly labour market trajectories of initially low-paid workers. By performing age- and qualification-specific regressions, we find that low pay persistence reduces with time. However, the magnitude is highly heterogeneous across workforce characteristics. For a qualified worker in their early 20s, the risk of staying on low-pay declines by, on average, 5–10% points after one year. For a worker in their 50s, persistence remains almost unchanged regardless of their qualification level. We conclude that policy initiatives need to be more nuanced than a simple one-size-fits-all approach by accounting for time trends in low-pay persistence. [ABSTRACT FROM AUTHOR]

Labour migration involves the transfer and flight of technical know-how and skills from one nation to another, to secure a better job and establish a new residence. It has consequences for the individual, the country of origin and the country of destination. Over the last decades, an increasing number of developed countries have put in place different mechanisms to encourage the immigration of only the most talented, skilled individuals from developing countries. A good example is the international visa lottery scheme. This scheme is put in place perhaps because developing countries cannot fully exploit the abilities and skills of human capital, as they do not have enough jobs to offer. Thus, Nigeria and other developing countries have become a human capitalgenerating machines for the developed world. It is an indisputable truism that labour migration has adverse effects ranging from social, cultural, and political to economic upon the emigrant's country. The thrust of this paper, therefore, is to examine the factors responsible for the flood of Nigerian migrants witnessed during the past couple of years. The dynamic consequences of labour migration and brain drain syndrome on human capital formation in Nigeria will be considered. Empirical studies have established the global net benefits of labour migration, but their findings are inconclusive about the impact migration has on the emigrant's country. Hence, the need for human capital formation in an emerging economy will also be addressed. Finally, the paper will offer policy recommendations to ensure immigrants' economic contribution to developing human capital. [ABSTRACT FROM AUTHOR]

Context: The hotel industry plays a crucial role in nations' economies, contributing significantly to economic growth through tourism. Therefore, it is imperative to use companies in the hotel sector as the unit of analysis, given their dedication to providing continuous services, making it attractive to contrast with the internal aspects of the company. Purpose: The study aimed to establish the association and correspondence between the service quality variables and organizational culture dimensions. Problem: A current challenge in the service sector, particularly in hotels, is the need for more information about the impact of organizational culture as a determinant of service quality. Methodology: The research adopted a quantitative correlational, cross-sectional, nonexperimental methodology. Theoretical and practical findings: The results indicated a significant relationship between the studied dimensions of culture, with a p-value of 0.000. The chi-square test was used to address the hypotheses. Additional cultural dimensions in the investigation model can be considered or expanded for future research prospects, focusing on objects of study in the service sector. Originality from the transdisciplinary and sustainable innovation point of view: This work significantly contributes to science by providing insights into how companies in such a crucial sector as the hotel industry prioritize the improved quality of life for their employees. The internal dimension of companies is examined, emphasizing that their interest goes beyond mere wealth generation, focusing on key individuals who ensure the smooth functioning of the machinery, i.e., the collaborators. It is concluded that emphasizing the importance of organizational culture and its various components is crucial for delivering exceptional customer service. Creating optimal conditions for human capital fosters a sense of unity, resulting in more engaged collaborators who consistently strive to offer the best to customers and service users. Conclusions and limitations: Ultimately, the intrinsic connection between a robust organizational culture. [ABSTRACT FROM AUTHOR]

This article examines the relationships between remittance and financial development (financial institutions and markets) in India and China on the availability of annual data from 1984 to 2018. Human capital formation is considered as a channel of remittances in financial development functions. Institutional quality, Economic globalization, foreign direct investment, economic growth, and government investment are included as a set of control variables in the financial development function. The results of the ARDL bounds test model indicate that remittance can positively impact financial development dynamics in both countries. While considering the human capital formation, higher levels of skilled human capital (secondary and tertiary enrolments) enhance financial development, but low-level human capital (primary enrolments) fails to do so. One contradiction found from the result is that remittance is negatively but significantly affecting financial institutions in India, and also detrimental to China's financial market. Oppositely, remittance positively impacts India's financial market and China's financial institutions. We find the varying impacts of control variables on financial development. The outcome of this paper stresses the necessity of a higher level of skilled human capital and improved institutional quality in both countries, which provides better utilization of remittances and other foreign and domestic financial flows. [ABSTRACT FROM AUTHOR]

This paper studies the impact of international labor migration on human capital investment in both hosting and sending countries using an integrated theoretical framework. We develop a two-country dynamic stochastic general equilibrium human capital investment model with international labor mobility, in which both decisions to migrate and to invest in skill acquisition are endogenous. We show that the human capital formation process in the countries of origin is very sensitive to migration policies implemented by hosting countries. Our findings show that human capital accumulation in the sending country is encouraged by the possibility of emigration to higher labor productivity countries, supporting the recent view of the 'brain gain' hypothesis. Productivity shocks hitting the hosting country reduce the human capital investment by natives but increase the human capital investment in the sending country when migration is allowed. Finally, we find that migration increases world human capital, increasing the stock of human capital in both hosting and sending countries. [ABSTRACT FROM AUTHOR]

This study efforts to analyze the impact of human capital formation (HCF) on income disparity in developing nations. The panel dataset of 24 countries from the time period of 2003 to 2018 and panel ARDL is used to estimate the results. The outcomes shows that the variables inflation rate, government final consumption expenditures and exports of goods and services are positively while human capital index is negatively persuading the income disparity in developing nations. To rise HCF, government is to define options to expand education and research as well as to emphasize higher education. In doing that so, low income personnel can enjoy better life. [ABSTRACT FROM AUTHOR]

A small but increasing body of literature finds that parents invest in their children unequally. However, the evidence is contradictory, and providing convincing causal evidence of the effect of child ability on parental investment in a low-income context is challenging. This paper examines how parents respond to the differing abilities of primary school-aged Ethiopian siblings, using rainfall shocks during the critical developmental period between pregnancy and the first 3 years of a child's life to isolate exogenous variations in child ability within the household, observed at a later stage than birth. The results show that on average parents attempt to compensate disadvantaged children through increased cognitive investment. The effect is significant, but small in magnitude: parents provide about 3.9% of a standard deviation more in educational fees to the lower-ability child in the observed pair. We provide suggestive evidence that families with educated mothers, smaller household size and higher wealth compensate with greater cognitive resources for a lower-ability child. [ABSTRACT FROM AUTHOR]

Copyright of Economía, Sociedad y Territorio is the property of El Colegio Mexiquense and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The purpose of this study is to investigate the impact of human capital formation on economic growth of Bangladesh. The study uses the current expenditure on health and public expense on education to measure the human capital formation and growth of gross domestic product as an economic growth proxy. The study employs the time-series data for the period 1998-2017 and performs Augmented Dickey Fuller unit root test to determine data stationarity, Johansen cointegration test to examine the long-run relationship among the variables and Granger causality test to explore the direction of causality. The findings reveal that public expenditure on education causes economic growth positively, while current expenditure on health has no impact on economic growth. Similarly, growth in GDP causes expenditure on health to rise, but it has no impact on education spending. Moreover, education spending causes health expenditure to rise as well. Therefore, the policy makers need to focus more on education and find the way out to materialize the outcome of health expenditure. [ABSTRACT FROM AUTHOR]

This paper investigates the persistent effects of negative shocks in utero and in infancy on low-income children's health and cognitive outcomes and examines whether timing of exposure matters differentially by skill type. Specifically, I exploit the geographic intensity of extreme floods in Ecuador during the 1997-1998 El Niño phenomenon, which provides exogenous variation in exposure at different periods of early development. I show that children exposed to severe floods in utero, especially during the third trimester, are shorter in stature five and seven years later. Also, children affected by the floods in the first trimester of pregnancy score lower on cognitive tests. Additionally, I explore potential mechanisms by studying health at birth and family inputs (income, consumption, and breastfeeding). I find that children exposed to El Niño floods, especially during the third trimester in utero, were more likely to be born with low birth weight. Furthermore, households affected by El Niño suffered a decline in income, total consumption, and food consumption in the aftermath of the shock. Falsification exercises and robustness checks suggest that selection concerns such as selective fertility, mobility, and infant mortality do not drive these results. [ABSTRACT FROM AUTHOR]

Abstract. We present a two-armed bandit model of decision making under uncertainty where the expected return to investing in the "risky arm" increases when choosing that arm and decreases when choosing the "safe" arm. These dynamics are natural in applications such as human capital development, job search, and occupational choice. Using new insights from stochastic control, along with a monotonicity condition on the payoff dynamics, we show that optimal strategies in our model are stopping rules that can be characterized by an index which formally coincides with Gittins' index. Our result implies the indexability of a new class of restless bandit models. [ABSTRACT FROM AUTHOR]

We study a quota's effect on individual human capital investment incentives beyond merely altering individual's overall probability of being promoted. We assume that individuals sense relative deprivation from unfavorable (income) comparisons within their reference group and that comparisons take place within the same gender. The introduction of a female quota increases (decreases) the number of women (men) holding top positions. On one hand, the relative deprivation to which female individuals are subjected to increases. These female individuals respond to an increase in their relative deprivation by acquiring additional human capital which, because it enables them to increase their earnings, reduces their relative deprivation. On the other hand, male individuals invest less in human capital in response to a decrease in relative deprivation. We show that the human capital formed by women who are encouraged to do so by the quotas is larger than the human capital that men who are discouraged by the quotas refrain from forming. However, the positive human capital accumulation effect hinges on a certain level of ability by gender and on how much individuals perceive relative deprivation. [ABSTRACT FROM AUTHOR]

This appraisal considers the role and impact of vocational education and training (VET) in Australia and New Zealand, and suggests directions such policy might take in other Asia-Pacific countries. It identifies key issues and constraints in making VET more responsive to emerging labour market needs in the region as an important factor in sustaining high economic growth. It focuses on the way in which the demands of the government, industry, trainees, and, in particular, shifts in political ideology that have influenced the education and training sectors in both countries. It addresses points of specific relevance for the delivery of VET in the broader Asia-Pacific context and concludes with a consideration of lessons and experiences of Australia and New Zealand with VET that may hold for other countries in the region in formulating priorities and implementing strategies in meeting their current and emerging needs for skills development. [ABSTRACT FROM PUBLISHER]

We analyze an endogenous growth model public educational spending. We show that the balanced budget policy and the policy with a slight deficit yield higher growth than a debt policy where public debt grows at the same rate as GDP, unless the government is a creditor. As concerns welfare, it can be demonstrated that a strong deficit policy yields lower welfare than a balanced budget and a slight deficit policy, unless initial debt ratios are low and the intertemporal elasticity of substitution is high. Finally, there may exist an inverted U-shaped relation between welfare and deficit-financed educational spending. [ABSTRACT FROM AUTHOR]

The purpose of this study is to investigate the impact of human capital formation on economic growth of Bangladesh. The study uses the current expenditure on health and public expense on education to measure the human capital formation and growth of gross domestic product as an economic growth proxy. The study employs the timeseries data for the period 1998-2017 and performs Augmented Dickey Fuller unit root test to determine data stationarity, Johansen cointegration test to examine the long-run relationship among the variables and Granger causality test to explore the direction of causality. The findings reveal that public expenditure on education causes economic growth positively, while current expenditure on health has no impact on economic growth. Similarly, growth in GDP causes expenditure on health to rise, but it has no impact on education spending. Moreover, education spending causes health expenditure to rise as well. Therefore, the policy makers need to focus more on education and find the way out to materialize the outcome of health expenditure. [ABSTRACT FROM AUTHOR]

Since 1960's, many African countries have experienced anemic growth and high levels of acute poverty, even in the presence of natural resources abundance. Ending this poverty trap has been the goal of the 2015 UN Millennium Project. There are a myriad of reasons cited for this trend. The explanations include the inward looking policies adopted by the African countries since 1960s, poor policy management or other socio/political issues, macroeconomic issues such as inflation, exchange rate volatility, poor governance, and institutions. While many previous studies have analyzed the determinants of economic growth of African countries, they fail to consider the possible impact of the economic performance of proximate countries. Results from such studies may be biased as stated in Greene, 2003. It is, therefore, important to properly investigate the determinants of economic growth in Africa and propose appropriate policy directions. In this study, we estimate a spatial economic growth model with spatial correlations in the dependent variable and the error terms by using a panel data on 48 African countries for the years spanning 1980 to 2011. The model controls for some of the conventional sources of economic growth such as gross capital formation, openness of the economy, overseas development assistance, and inflation. We use a variety of proximity matrices including cultural, ecological, developmental, economic, and regional to explore the effect of the rate of economic growth of one country on the growth rates of its proximate countries. We find significant positive spatial linkages in the dependent variable and negative ones in the error terms, indicating that proximate sub-Saharan African countries experience similar levels of economic growth due to the cluster effects and the fact that they compete intensively for growth sources when shocks such as global capital retreats occur. Based on this result, the implication is that the policy makers in Africa should consider planning and implementing strategic and comprehensive regional growth agenda for all proximate countries and consider growth forecasts of proximate nations in the process of making fiscal and monetary policy decisions. Further, our result indicates that without correcting for spatial linkages in determining growth rates, the estimation results may be downward biased. The only significant determinants of economic growth are the gross fixed capital formation as a percent of GDP and gross secondary school enrollment with larger magnitudes for the spatial model. This result, perhaps, indicates that the most important driver of economic growth and development in Africa is fixed capital formation and infrastructure development. In a continent where capital is scarce and the availability and quality of infrastructure is for the most part pathetic, it is a very important for decision makers to implement policies that improve the availability and quality of capital formation and infrastructure development. [ABSTRACT FROM AUTHOR]

• This paper studies the relationship between female autonomy and human capital in pre-modern Europe. • The indicator 'female age at first marriage' is assessed as a measure for female autonomy for 27 countries 1500–1900. • Countries and regions with high levels of female autonomy became successful in long-term human capital developments. • In pre-modern societies women had an advantage in dairy-farming allowing them to gain independent work experience. • Women provided many relevant labour market skills to their offspring. Does higher female autonomy increase human capital formation? To find out, we employ novel data on numeracy as a proxy for human capital and the demographic indicator female age at marriage as a measure for female autonomy for 27 countries and 153 regions in Europe between 1500 and 1900. Our empirical analysis shows that countries and regions with a relatively high level of female autonomy became success cases and pioneers in long-term human capital development. Because women had an advantage in dairy-farming, we approach endogeneity issues by exploiting variation in gender-biased agricultural specialization. [ABSTRACT FROM AUTHOR]

Summary Using longitudinal data from rural Philippines, we decompose intergenerational income elasticity (IGE) into five distinct pathways: intergenerational transmissions of health, education, land, and spouse education capital, plus residual correlation in productivity. Intergenerational human capital transmissions from mothers are stronger than those from fathers; maternal education is the parental capital most strongly associated with IGE. While naïve IGE estimates are indistinguishable for sons and daughters, the pathways that generate these results differ strikingly. For sons, IGE is entirely explained by parent-to-child capital transmission. By contrast, strong income correlation exists between daughters and parents even after controlling for parent and child capital endowments. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to investigate how parental migration due to poverty affects a child’s education and human capital formation through changes in the child’s supply of unpaid labour. Design/methodology/approach – The paper uses a small open overlapping generations model where the parent migrates for the family’s subsistence and that the child has to give up a part of education to do the housework during the parent’s absence. Findings – The paper finds that given the level of the human capital, reducing the child’s burden of housework and promoting parental migration to high-wage countries do not necessarily raise the amount of child’s education. The paper also finds a possible underdevelopment trap in the dynamic context. Originality/value – Unlike previous studies on child labour, this paper focuses on unpaid labour, whose share is actually larger than that of paid labour. Even if paid labour is available, children cannot re-allocate their time from doing the housework to the market work; so the author cannot disregard this observation. Investigation into the dynamics of human capital formation under such child labour is new. [ABSTRACT FROM AUTHOR]

We study the impact of gender quotas on the acquisition of human capital. We assume that individuals' formation of human capital is influenced by the prospect of landing high-pay top positions, and that these positions are regulated by gender-specific quotas. In the absence of quotas, women consider their chances of getting top positions to be lower than men's. The lure of top positions induces even men of relatively low ability to engage in human capital formation, whereas women of relatively high ability do not expect to get top positions and do not therefore engage in human capital formation. Gender quotas discourage men who are less efficient in forming human capital, and encourage women who are more efficient in forming human capital. We provide a condition under which the net result of the institution of gender quotas is an increase in human capital in the economy as a whole. [ABSTRACT FROM AUTHOR]

This study aims to empirically investigate the dynamics of relationship among human capital formation, self-employment (SE), and economic growth in Pakistan. Using quarterly data of primary school enrollment, SE, and GDP per capita, we employed ARDL bound testing approach to cointegration covering the time span of 1995-2010. We found that in the long run, primary school enrollment, high school enrollment and SE have significant impact on economic growth. Enrollment in primary schools (EP) has a strong positive and significant impact on economic growth, whereas enrollment in high school has a relatively small positive and significant impact on economic growth in the long run in Pakistan. Further, SE has a small, positive and significant impact on economic growth in the long run. In short run, enrollments in high schools and SE have weak positive impact on economic growth whereas, EP has a strong positive and significant impact on economic growth in Pakistan. Further it is found that that there is unidirectional long run causality from self employment to economic growth followed by the bidirectional short run causality between economic growth and high school enrollment, GDP per capita and primary school enrollment, high school enrollment and primary school enrollment. [ABSTRACT FROM AUTHOR]

This study investigates the effects of migration possibilities on the demand for education and human capital formation in the labour-sending country. The paper assumes that workers have to pay a pecuniary cost privately to receive education under budget constraints. It was found that higher migration possibilities result in an increase in the number of workers who demand education due to increases in its return. However, these workers lower the individual demand for education due to price increases. When the education supply is insufficient, higher migration possibilities may lower average human capital; that is, a brain drain may occur. This contrasts with the usual argument that emphasises the positive effect of migration possibilities. Restrictive immigration policies were found not to be completely detrimental to labour-sending countries since such policies may enhance the human capital formation. [ABSTRACT FROM AUTHOR]

Copyright of Brazilian Review of Economics & Agribusiness / Revista de Economia e Agronegócio is the property of Brazilian Review of Economics & Agribusiness / Revista de Economia e Agronegocio and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revue d'Economie Politique is the property of Editions Dalloz Sirrey and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Malaysian Journal of Distance Education is the property of Universiti Sains Malaysia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The objective of this paper is to emphasize the importance of the role played by social capital in human capital formation and the importance of human capital to economic development. Throughout this paper, we demonstrate the value and importance of the role of human capital externalities in economic development and the social returns to accumulation of human capital. We hope this paper makes a significant contribution to evaluating the role of human capital in promoting technological progress and the contribution of human capital to the process of economic growth. This paper seeks to fill a gap in the current literature by examining the dynamic consequences of human capital formation and the role of human capital in the process of economic growth. [ABSTRACT FROM AUTHOR]