In recent years, policymaking in China has put increasing emphasis on stemming the growth in inequality, which had been fairly steep since the 1980s. Policy action has taken the form of regional development measures and of reforms of various aspects of the social safety net broadly defined. The...

The paper is based on an individual life-cycle model, which describes the purely economic components of human capital. The present value of human capital is determined by all future income flows, which at the same time constitute the individual as well as the total tax base of a nation....

This paper provides an ex ante assessment of the implementation of the conditional cash transfer (CCT) program in the Philippines, called Pantawid Pamilyang Pilipino. The study investigates the impact of CCT on current poverty and that of this extra money on school attendance under different...

The dearth of studies on quantitative determinants of poverty in Nigeria is a major weak point in the country’s poverty reduction policy and strategy formulation. A recent study in Kogi State of Nigeria revealed that poverty is higher among households that have male heads, are polygamous, have...

We examine the channels through which a randomized early childhood intervention in Colombia led to significant gains in cognitive and socio-emotional skills among a sample of disadvantaged children. We estimate production functions for cognitive and socio-emotional skills as a function of...

Abstract: We use an RCT to analyze the impact of microcredit on poverty reduction. The study population consists of loan applicants to a large microfinance institution in Bosnia and Herzegovina who would have been rejected through regular screening. Access to credit allowed borrowers to start...

We examine the channels through which a randomized early childhood intervention in Colombia led to significant gains in cognitive and socio-emotional skills among a sample of disadvantaged children. We estimate production functions for cognitive and socio-emotional skills as a function of...

A fruitful recent theoretical literature has related human capital and technological development with income (and wages) inequality. However, empirical assessments on the relationship are still scarce. We relate human capital and total factor productivity (TFP) with inequality and discover that,...

Abstract Poverty reproduces into the system, which generates it. The system creates conditions to prevail and to secure functionality. The erosion of the possibilities of intergenerational social mobility, associated with the reproduction or poverty, is not a big deal to the system as long as it...

This paper provides a simple development mechanism for African nations, where economic development is low due to not only low level of physical capital but also poor social capital that leads to lot of conflicts. The study suggests for development of social capital, which is a broader concept...