The world is currently at a crossroads. Low- and middle-income countries such as Nigeria are seeing rapid growth in their working-age populations. Yet often, these increasingly educated and skilled young people cannot find meaningful work within their countries of origin, either because their...

Labor markets are increasingly global. Overseas work can enrich households but also split them geographically, with ambiguous net effects on decisions about work, investment, and education. These net effects, and their mechanisms, are poorly understood. We study a policy discontinuity in the...

Immigration policy can have important net fiscal effects that vary by immigrants’ skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias...

Purpose – The purpose of this research is to investigate the risk and return characteristics of dividend investing compared to a passive “market” approach and provide probable explanations for any differences in return and risk. Design/methodology/approach – The research design is a...

The international goal for rich countries to devote 0.7% of their national income to development assistance has become a cause célèbre for aid activists and has been accepted in many official quarters as the legitimate target for aid budgets. The origins of the target, however, raise serious...

What should the World Bank optimally do with the US$10 to $20 billion it can loan each year? Has it, in fact, done what is optimal? These two questions, one theoretical and one empirical, have been around for a long time and remain controversial in both academic and policy circles. This study...