This paper examines the link between poverty and income, on the one hand, and human capital and location, on the other. In the process, the paper proposes a shift in the household indicator of human capital from the usual education of the household head to the education of the most educated...

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This study is an attempt to explain the pattern of development of the Philippine financial market. First, it provides a brief historical analysis of the financial system. It then develops an aggregative intermediation model and applies it to the Philippine stock market. It also discusses money...

The paper looks at the remittance behavior of these two groups of migrants, the OFWs and the permanent emigrants. It applies received theory on remittance behavior on cross-section data from the 2004 special survey on remittances sponsored by the Asian Development Bank.

The paper is an exploratory study of labor market adjustment to the outflow of construction workers. It argues that the ease with which the market adjust to out-migration or to any change in demand of any skill depends on the cost of acquiring training for and the relative abundance of inherent...