Download or read book Three Essays on Investments in Children s Human Capital written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Families Children and Human Capital Formation written by and published by . This book was released on 2014 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the second essay, I consider how U.S. families choose to invest in response to the onset of a health condition in a child. Family investments can reinforce, or compensate for the occurrence of a health-limiting condition. The results from this paper shed light on the importance of incorporating the family unit as part of public policies that involve children with serious health conditions.

Download or read book Three Essays on Human Capital Child Care and Growth and on Mobility written by Rizwana Alamgir-Arif and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis contributes to the fields of Public Economics and Development Economics by studying human capital formation under three scenarios. Each scenario is represented in an individual paper between Chapters 2 to 4 of this thesis. Chapter 2 examines the effect of child care financing, through human capital formation, on growth and welfare. There is an extensive literature on the benefits of child care affordability on labour market participation. The overall inference that can be drawn is that the availability and affordability of appropriate child care may enhance parental time spent outside the home in furthering their economic opportunities. In another front, the endogenous growth literature exemplifies the merits of subsidizing human capital in generating growth. Again, other contributions demonstrate the negative implications of taxes on the returns from human capital on long run growth and welfare. This paper assesses the long run welfare implications of child care subsidies financed by proportional income taxes when human capital serves as the engine of growth. More specifically, using an overlapping-generations framework (OLG) with endogenous labour choice, we study the implications of a distortionary wage income tax on growth and welfare. When the revenues from proportional income taxes are channelled towards improving economic opportunities for both work and schooling investments in the form of child care subsidies, long run physical and human capital stock may increase. A higher level of growth may ensue leading to higher welfare. Chapter 3 answers the question of how child care subsidization works in the interest of skill formation, and specifically, whether child care subsidization policies can work to the effect of human capital subsidies. Ample studies have highlighted the significance of early childhood learning through child care in determining the child's longer-term outcomes. The general conclusion has been that the quality of life for a child, higher earnings during later life, as well as the contributions the child makes to society as an adult can be traced back to exposures during the first few years of life. Early childhood education obtained through child care has been found to play a pivotal role in the human capital base amongst children that can benefit them in the long run. Based on this premise, the paper develops a simple Overlapping Generations Model (OLG) to find out the implications of early learning on future investments in human capital. It is shown that higher costs of child care will reduce skill investments of parents. Also, for some positive child care cost, higher human capital obtained through early childhood education can induce further skill investments amongst individuals with a higher willingness to substitute consumption intertemporally. Finally, intervention that can internalize the intra-generational human capital externalities arising from parental time spent outside the home - for which care/early learning is required to be purchased for the child - can unambiguously lead to higher skill investments by all individuals. Chapter 3 therefore proposes policy intervention, such as child care subsidization, as the effect of such will be akin to a human capital subsidy. The objective of Chapter 4 is to understand the implications of inter-regional mobility on higher educational investments of individuals and to study in detail the impact of mobility on government spending for education under two particular scenarios --one in which human capital externalities are non-localized and spill over to other regions (e.g. in the form of R & D), and another in which the externalities are localized and remain within the region. It is shown that mobility enhances private investments in education, and all else equal, welfare should be higher with increased migration. The impacts on government educational expenditures are studied and some policy implications are drawn. In general, with non-localized externalities, all public expenditures decline under full-migration. Finally under localized externalities, the paper finds that governments will increase their financing of education to increasingly mobile individuals only when agglomeration benefits outweigh congestion costs from increases in regional population.

Download or read book Three Essays on Human Capital written by Xiaoyan Chen Youderian and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The first essay considers how the timing of government education spending influences the intergenerational persistence of income. We build a life-cycle model where human capital is accumulated in early and late childhood. Both families and the government can increase the human capital of young agents by investing in education at each stage of childhood. Ability in each dynasty follows a stochastic process. Different abilities and resultant spending histories generate a stochastic steady state distribution of income. We calibrate our model to match aggregate statistics in terms of education expenditures, income persistence and inequality. We show that increasing government spending in early childhood education is effective in lowering intergenerational earnings elasticity. An increase in government funding of early childhood education equivalent to 0.8 percent of GDP reduces income persistence by 8.4 percent. We find that this relatively large effect is due to the weakening relationship between family income and education investment. Since this link is already weak in late childhood, allocating more public resources to late childhood education does not improve the intergenerational mobility of economic status. Furthermore, focusing more on late childhood may raise intergenerational persistence by amplifying the gap in human capital developed in early childhood. The second essay considers parental time investment in early childhood as an education input and explores the impact of early education policies on labor supply and human capital. I develop a five-period overlapping generations model where human capital formation is a multi-stage process. An agent's human capital is accumulated through early and late childhood. Parents make income and time allocation decisions in response to government expenditures and parental leave policies. The model is calibrated to the U.S. economy so that the generated data matches the Gini index and parental participation in education expenditures. The general equilibrium environment shows that subsidizing private education spending and adopting paid parental leave are both effective at increasing human capital. These two policies give parents incentives to increase physical and time investment, respectively. Labor supply decreases due to the introduction of paid parental leave as intended. In addition, low-wage earners are most responsive to parental leave by working less and spending more time with children. The third essay is on the motherhood wage penalty. There is substantial evidence that women with children bear a wage penalty of 5 to 10 percent due to their motherhood status. This wage gap is usually estimated by comparing the wages of working mothers to childless women after controlling for human capital and individual characteristics. This method runs into the problem of selection bias by excluding non-working women. This paper addresses the issue in two ways. First, I develop a simple model of fertility and labor participation decisions to examine the relationships among fertility, employment, and wages. The model implies that mothers face different reservation wages due to variance in preference over child care, while non-mothers face the same reservation wage. Thus, a mother with a relatively high wage may choose not to work because of her strong preference for time with children. In contrast, a childless woman who is not working must face a relatively low wage. For this reason, empirical analysis that focuses only on employed women may result in a biased estimate of the motherhood wage penalty. Second, to test the predictions of the model, I use 2004-2009 data from the 1997 National Longitudinal Survey of Youth (NLSY97) and include non-working women in the two-stage Heckman selection model. The empirical results from OLS and the fixed effects model are consistent with the findings in previous studies. However, the child penalty becomes smaller and insignificant after non-working women are included. It implies that the observed wage gap in the labor market appears to overstate the child wage penalty due to the sample selection bias.

Download or read book Three Essays on Race and Human Capital written by Daniel M. Kreisman and published by . This book was released on 2012 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: The following presents three essays on racial disparities in human capital investments and returns to skill over the life-cycle. The first chapter, “The Source of Black-White Inequality in Early Language Acquisition: Evidence from Early Head Start, ” addresses the source and timing of divergence in the accumulation of early childhood skills between black and white children. The second chapter, “The Effects of the Jeanes and Rosenwald Funds on Black Education by 1930: Comparing Returns on Investments in Teachers and Schools,” estimates the combined and comparative effects of two large philanthropies targeting rural black schools in the segregated South. The third chapter, “Blurring the Color Line: Wages and Employment for Black Males of Different Skin Tones,” co-authored with Marcos Rangel, tests for wage differentials within race, across skin color, utilizing a measure of skin tone placed in a prominent social survey. Taken together, these essays evaluate the role race plays in inequality above and beyond what can be explained away by racial disparities in wealth, family circumstances, prior education and other comparable measures. Each essay is written from a human capital perspective, drawing on literature in economics, public policy and education, seeking to broaden our understanding of the incongruous relationship between race and inequality in America.

Download or read book Essays on Development and Human Capital Investment written by Evelyn Monteiro Pereira Nunes and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The present dissertation consists of three essays related to economic development and human capital investment. The first essay investigates the choice between public and private schools in Brazil. I use cross-sectional survey data to show that families with higher income and schooling are less likely to enroll their children in public school. But if their race is black or brown, they are more likely to choose public schools, even when controlling for income, education and location. I do not find any evidence that this result comes from scarcity of private schools, race preferences, or residential segregation. But it is likely caused by the lower returns to education that black and brown individuals have. This essay shows that not only income and education matter for school choice in Brazil, but also race. The second essay explores the theory behind parental educational investments in the presence of heterogeneous returns. I build on the overlapping generations literature to study the investment that parents make on the education of their children, in a setting with private and public schools and different returns by group. This assumption is motivated by the findings in the first essay, and it results in different school choices based on income and returns. This difference in the educational investment leads to school segregation in equilibrium and may result in poverty traps. The third essay uses a quantitative approach to study the effects of implementing a voucher program in Brazil. I use simulated method of moments to estimate some parameters in a parental choice model, while calibrating others to the Brazilian economy. The estimation is used to evaluate how implementing private education vouchers compares with the non-voucher case. I find that vouchers increase the average human capital of the economy and reduce inequality measured by the Gini coefficient and coefficient of variation. In some cases it improves the welfare of the first generation affected by the voucher, while in others it will impose a welfare cost. For future generations there are large welfare gains of continuing this policy.

Download or read book Essays on Human Capital Investments in Developing Countries written by Emilie T. Bagby and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation encompasses three chapters that explore determinants of parental investments in their children0́9s health and education in developing countries. Below are the individual abstracts for each chapter. Chapter 1: Child Ability, Parental Investments and Child Nutrition in Ecuador This paper investigates the role of family composition and child cognitive ability in explaining how resource-constrained households make nutritional investment decisions in their children. Parents have private information about their children0́9s abilities and health that is typically not available to researchers. I use a unique panel household dataset from Ecuador0́9s Bono de Desarrollo Humano that contains a measure of child cognitive ability and allows me to estimate its affect on resource allocation. I address reverse causality due to the effects of investments on ability and I use within household fixed effects to look at children to look at the intra-household investment decision. Findings point to the existence of sibling rivalry due to resource constraints; children with more siblings, and children in poor households, are less likely to eat high-quality food. Children with higher abilities are less likely to share a nutritional supplement with another family member, suggesting that parents must decide how to invest their limited resources, and child ability informs that decision. Within households of more than one child, children with higher abilities are more likely to eat higher quality foods than their siblings, even after controlling for child body size. Chapter 2: Child Ability and Household Human Capital Investment Decisions in Burkina Faso Using data we collected in rural Burkina Faso, we examine how children0́9s cognitive abilities influence resource constrained households0́9 decisions to invest in their education. We use a direct measure of child ability for all primary school-aged children, regardless of current school enrollment. We explicitly incorporate direct measures of the ability of each child0́9s siblings (both absolute and relative measures) to show how sibling rivalry exerts an impact on the parent0́9s decision of whether and how much to invest in their child0́9s education. We find children with one standard deviation higher own ability are 16 percent more likely to be currently enrolled, while having a higher ability sibling lowers current enrollment by 16 percent and having two higher ability siblings lowers enrollment by 30 percent. Results are robust to addressing the potential reverse causality of schooling influencing child ability measures and using alternative cognitive tests to measure ability. Chapter 3: Risk and Protective Factors for School Dropout in Mexico and Chile Fourteen percent of Chilean youth and 30 percent of Mexican youth have dropped out prior to completing secondary school. Of these youth, 90 to 97 percent are considered 0́−at risk,0́+ meaning that they engage in or are at risk of engaging in risky behaviors that are detrimental to their own development and to the well-being of their societies. This paper uses youth surveys from Chile and Mexico to demonstrate that early school dropout is strongly correlated with a range of risky behaviors as well as typically unobservable risk and protective factors. We test which of a large set of potential factors are correlated with dropping out of school early and other risky behaviors. These factors range from relationships with parents and institutions to household behaviors (abuse, discipline techniques) to social exclusion. We use stepwise regressions to sort out which variables best explain the observed variance in risky behaviors. We also use a non-parametric methodology to characterize different sub-groups of youth according to the amount of risk in their lives. We find that while higher socioeconomic status emerges as key explanatory factors for school dropout and six additional risky behaviors for boys and girls in both countries, it is not the only one. A good relationship with parents and peers, strong connection with local governmental institutions and schools, urban residence, younger age, and spirituality also emerge as being strongly correlated with school dropout and different risky behaviors. Similarly, young people that leave school early also engage in other risky behaviors. The variety of factors associated with leaving school early suggests that while poverty is important, it is not the only risk factor. This points to a wider range of policy entry points than currently used, including targeting parents and the relationship with schools.

Download or read book Three Essays on Human Capital written by Paulino Font Gilabert and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Maternal Investment and Child Human Capital Accumulation written by Arianna Lucia Zanolini and published by . This book was released on 2012 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores the role of early maternal investments on children's human capital accumulation through three co-authored essays.

Download or read book Three Essays on Investment in Human Capital written by Shah Danyal and published by . This book was released on 2010 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Trade and Investment in Children in Developing Countries written by Kaveh Majlesi and published by . This book was released on 2012 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains three chapters on international trade and investment in children's human capital in developing countries. The first chapter examines the effects of changes in labor market opportunities for women on the bargaining power of women within households and, ultimately, on investment in children's human capital. I show that a positive demand shock for female labor in a woman's age category increases her bargaining power, and this raises investment in the health of girls relative to that of boys within the household. To identify this effect, I exploit the geographic heterogeneity in demand for younger versus older female labor within the Mexican export manufacturing sector and its differential changes across municipalities between 2002 and 2005. I find that a 1 percent increase in labor demand for older (mostly married) women, caused by a demand shock to the export manufacturing sector, raises the share of decisions made by the wife in a household by 1.3 percent and the chance of a daughter being in good health by 1.1 percent. Previous research has shown that school enrollment in developing countries responds to a change in the return to education generated by a change in demand in the export sector, that pays higher wages for a given skill level. In the second chapter of my dissertation, using data from Mexico, I show that the negative effects of a lower return to education are not limited to lower rates of school enrollment. Parents also respond to a decrease in the return to education for children, as a result of an increase in labor market opportunities for very young, unskilled labor in the export sector, by reducing spending on children's education even while they are enrolled at school. This suggests that parents respond along the intensive margin as well as on the extensive margin. Firm level studies offer mixed results on the effect of ex-ante liquidity constraints on firms' export status. The third chapter of my dissertation explores the same matter using a new methodology. I predict that, controlling for the firms' productivity level and given that firms were not exporters in the previous period, a larger appreciation of the real exchange rate should have a larger positive effect on the probability of less-liquidity-constrained firms becoming exporters. I test this prediction using a panel of Mexican manufacturing firms and find robust evidence in its support.

Download or read book Three Essays on Education and Human Capital written by Olga Yakusheva and published by . This book was released on 2005 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Human Capital Investment written by Sarena Goodman and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains a collection of essays on human capital formation and social service provision in the United States. The chapters evaluate three policies targeted to populations for whom the development and retention of skills is particularly critical--young adults, children, and the near-homeless. The first and second chapters focus on uncovering methods that could enhance the performance of the U.S. educational system: the first chapter examines a policy that better aligns educational expectations and potential among secondary school students; the second chapter evaluates a policy that incentivizes teachers to improve achievement among students in high-poverty primary and secondary schools. The third chapter examines an intervention designed to assist high-need families on the brink of homelessness. The chapters are also linked methodologically: in each, I exploit the exact timing of policy events (i.e., testing mandates, the opportunity for teachers to earn bonuses, the availability of homelessness prevention services) to identify their causal effects.

Download or read book Investment in Human Capital Labor Mobility and Inequality written by Elisabeth Magnani and published by . This book was released on 1996 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investing in Children written by Ariel Kalil and published by Brookings Institution Press. This book was released on 2012-05-03 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investing in Children: Work, Education, and Social Policy in Two Rich Countries presents new research by leading scholars in Australia and the United States on economic factors that influence children's development and the respective social policies that the two nations have designed to boost human capital development. The volume is organized around three major issues: parental employment, early childhood education and child care, and postsecondary education. All three issues are intimately linked with human capital development. Since both Australia and the United States have created extensive policies to address these three issues, there is potential for each to learn from the other's experiences and policies. This volume helps fulfill that potential. The authors demonstrate that in both nations, the effects of low family income and income inequality emerge early in life and persist. However, policies that increase parental employment, augment family income, and promote quality preschool and postsecondary education can boost children's development and at least partially offset the negative developmental effects of family economic disadvantage.

Download or read book Essays on Gender Gaps and Investments in Children written by Na'ama Shenhav and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a compilation of three essays that investigate how increasing women's access to political and economics resources in the United States influences investments in the human capital of children and helps shape decisions around family formation in the country. In doing so, it documents the evolution of decision making of women in the U.S. over the last century, and shows how key shifts in policy and wage-enhancing technological change facilitated this transition. The essays pair cutting-edge econometric techniques with novel empirical designs to estimate causal impacts of women's increasing access to these resources. The first chapter examines the effect of the enfranchisement of women in early 20th century United States on the long term educational outcomes of children growing up during and after the passage of suffrage laws, and is co-authored with Esra Kose and Elira Kuka. This essay contributes to a growing literature which provides evidence that increasing the political power of women leads to a growth in investments in children in the short term; but which thus far has not measured the long-term implications on children's "success", in particular for the educational attainment of individuals. We investigate the effect of women's political empowerment on the human capital of children by exploiting plausibly exogenous variation in U.S. state and federal suffrage laws. We estimate that exposure to women's suffrage during childhood leads to large increases in educational attainment for children from economically disadvantaged backgrounds, in particular blacks and Southern whites. The results suggest that the redistribution of resources following suffrage contributed to a convergence of educational outcomes by raising the attainment of groups with low baseline levels of education. The second chapter establishes a credible link between the significant reduction in the gender wage gap between 1980 and 2010 and the coinciding shifts in family structure. It is motivated by the fact that family structure in the United States has shifted substantially over the last three decades, yet the causes and implications of these changes for the well-being of family members remains unclear. The empirical strategy exploits task-based shifts in demand as an exogenous shock to sex-specific wages to demonstrate the role of the relative female to male wage in the family and labor market outcomes of women. The results show that increases in the relative wage lead to a decline in the likelihood of marriage for those on the margin of a first marriage, and present suggestive evidence that these effects are concentrated among less-desirable matches. A higher relative wage also causes women to increase their hours of work, reduce their dependence on a male earner, and increase the likelihood of that they raise children outside of marriage. These findings indicate that improvements in the relative wage have facilitated women's independence by reducing the monetary incentive for marriage, and can account for 20% of the decline in marriage between 1980 and 2010. The third chapter builds on the findings made in the first two chapters, and explores the implications of changes in male and female wage opportunities for child achievement. It contributes to a large literature that has shown that a child's academic success and physical development are strongly influenced by family income, but which has less evidence on whether whether the source of income also matters. The empirical strategy takes advantage of national shifts in the return to occupations over this time period as a source of exogenous convergence of wages across sexes in a marriage market. In contrast to previous findings, the results do not show that a higher female to male wage ratio significantly improves children's outcomes, although the confidence intervals allow for an important positive or negative effect. Auxiliary analyses which use observed relative household income produce a qualitatively different, negative and statistically significant effect of relative wages on children's development, which is likely a reflection of an omitted variable bias. Sources of the imprecision in the estimation are discussed.

Download or read book Parental Investments and Children s Human Capital in Low to Middle Income Countries written by Jere R. Behrman and published by Elements in Development Econom. This book was released on 2022-12 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element reviews what we know about parental investments and children's human capital in low-to-middle-income countries (LMICs). First, it presents definitions and a simple analytical framework; then discusses determinants of children's human capital in the form of cognitive skills, socioemotional skills and physical and mental health; then reviews estimates of impacts of these forms of human capital; next considers the implications of such estimates for inequality and poverty; and concludes with a summary suggesting some positive impacts of parental investments on children's human capital in LMICs and a discussion of gaps in the literature pertaining to both data and methodology. This title is also available as Open Access on Cambridge Core.