I examine human capital investments under imperfect information by empirically identifying the role of localized social learning in schooling investments. This paper provides a framework for explaining variations in the speed of human capital accumulation after a change in schooling returns, as...

This paper examines the impact of spatial connectivity development on household income growth and non-agriculture labor supply, combining household panel data and village census in Indonesia. Empirical results show that the impacts of the improvement of local road quality in the area (positively...