for individual characteristics, local average human capital is positively correlated with individual wages, with estimated …

quality of capital) and neutral technological change (related to the organization of productive activities). It concludes that …

institution’s credit worthiness and the return on its market value, and importantly, on the level and quality of capital … steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may …

a vital role in facilitating development. But which types of schooling-secondary or tertiary-should public policy … promote? This paper develops an analytical framework to address this question. It shows how the composition of human capital … stock determines a country's development. Hence, promoting the "wrong" type of schooling can have little effect on …

Do the short and medium term adjustment costs associated with trade liberalization influence schooling and child labor … experienced a dramatic increase in schooling and decline in child labor. However, communities that relied heavily on employment in … protected industries before liberalization do not experience as large an increase in schooling or decline in child labor. The …