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Borrowing Trouble? Human Capital Investment with Opt-In Costs and Implications for the E
Human Capital Investment Opt-In Costs
2015/9/24
We estimate the impact of grant aid on borrowing and educational attainment of students
enrolled in a large public university system using regression discontinuity and regression kink
designs. Each ...
The Uncertain Lifetime and the Timing of Human Capital Investment
Mortality Human Capital Investment Survival Probability Economic Growth
2015/9/21
I examine the effects of mortality decline on fertility and human capital investment decision of
parents taking into account the uncertainty about child survival. The existence of such uncertai...
A Stochastic Model of Mortality, Fertility, and Human Capital Investment
Uncertainty Precautionary demand Quality-Quantity trade off
2015/9/21
This paper examines the relationship between fertility and human capital investment,
and it’s implications for economic growth, focusing on the effects of declining mortality.
Unlike the exist...
Mortality Decline, Human Capital Investment, and Economic Growth
mortality schooling calibration
2015/9/21
We examine the role of increased life expectancy in raising human capital investment
during the process of economic growth. We develop a continuous time, overlapping generations model in which indivi...
China's Latent Human Capital Investment: Achieving Milestones and Competing for the Top
China human capital brain drain higher education
2012/10/31
In this paper we provide an overview of China’s human capital strategy and educational achievements over the last two decades. While every one acknowledges China as an economic superpower, very few ar...
Locus of Control and Human Capital Investment Revisited
Locus of Control Human Capital Investment Revisited
2016/3/7
This paper examines the effect of teenagers’ outlooks—specified as their locus of control—on educational attainment and labor market outcomes. I replicate the study of Coleman and DeLeire (2003) and t...
An Economic Model of Locus of Control and the Human Capital Investment Decision
Economic Model Human Capital Investment Decision
2016/3/4
We present an economic model of how teenagers’ outlooks—specifically their locus of control—affect their human capital investments. Locus of control measures the extent to which a person believes thei...
Fostering Within-Family Human Capital Investment: An Intragenerational Insurance Perspective of Social Security
human capital formation social security intragenerational insurance
2013/10/25
We develop a general equilibrium stochastic OLG model with heterogenous households. Households differ with respect to their productivity. Productivity depends stochastically on parents' unobservable i...