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Human capital accumulation, social d...

Hussain, Samid.

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Human capital accumulation, social distance, and financial markets: Implications for child labor in developing countries.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Human capital accumulation, social distance, and financial markets: Implications for child labor in developing countries./
Author:	Hussain, Samid.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2000,
Description:	165 p.
Notes:	Source: Dissertation Abstracts International, Volume: 61-06, Section: A, page: 2391.
Contained By:	Dissertation Abstracts International61-06A.
Subject:	Economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9977401
ISBN:	9780599831070

Human capital accumulation, social distance, and financial markets: Implications for child labor in developing countries.
Hussain, Samid.

Human capital accumulation, social distance, and financial markets: Implications for child labor in developing countries. - Ann Arbor : ProQuest Dissertations & Theses, 2000 - 165 p.

Source: Dissertation Abstracts International, Volume: 61-06, Section: A, page: 2391.

Thesis (Ph.D.)--Cornell University, 2000.

Under-investment in education remains a major impediment to economic development in many developing countries. Since government is the main provider of education in low-income economies, policymakers need a better understanding of the determinants of schooling. This research focuses on Pakistan as it is considered to have one of Asia's worst systems of public education. The main contribution of this research is to explicitly model and estimate different types of social interactions in a standard human capital framework while accounting for the effects of policy relevant variables such as the quality of education and incompleteness of financial markets on the demand for education.

ISBN: 9780599831070Subjects--Topical Terms:

517137
Economics.

Human capital accumulation, social distance, and financial markets: Implications for child labor in developing countries.
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100 1 $a Hussain, Samid. $3 3278719
245 1 0 $a Human capital accumulation, social distance, and financial markets: Implications for child labor in developing countries.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2000
300 $a 165 p.
500 $a Source: Dissertation Abstracts International, Volume: 61-06, Section: A, page: 2391.
500 $a Adviser: Ronald Ehrenberg.
502 $a Thesis (Ph.D.)--Cornell University, 2000.
520 $a Under-investment in education remains a major impediment to economic development in many developing countries. Since government is the main provider of education in low-income economies, policymakers need a better understanding of the determinants of schooling. This research focuses on Pakistan as it is considered to have one of Asia's worst systems of public education. The main contribution of this research is to explicitly model and estimate different types of social interactions in a standard human capital framework while accounting for the effects of policy relevant variables such as the quality of education and incompleteness of financial markets on the demand for education.
520 $a This dissertation consists of four chapters. The purpose of the first chapter is to introduce the research question followed by an examination of the state of education in Pakistan. The purpose of the second chapter is to develop an overlapping generation model (OGM) specialized to Pakistan where the idea of "social distance" and "incompleteness" of credit markets is explicitly incorporated in a standard human capital framework. The propositions that follow from this theoretical model suggest that the overall demand for schooling for girls should be lower than that for boys in Pakistan. Another key prediction suggested by the propositions is that demand for education is unambiguously affected by income, own-quality of education, cross-quality of education, and child labor income whenever households are not motivated by social interactions and credit market imperfections exist. These propositions also provide a series of tests for an empirical investigation of imperfections in the financial markets.
520 $a The third chapter presents an empirical analysis of the determinants of schooling by employing the 1991 Pakistan Integrated Household Survey (PIHS). The implications of the theoretical model are also tested in this chapter. The empirical analyses call attention to different kinds of social interactions for boys and girls in Pakistan. This suggests that an effective instrument to enhance demand for education in Pakistan is to design incentives that at times strategically target a group of children rather than individuals. The estimates also substantiate that cross-quality effects matter and improvements in schooling for girls in isolation from that of boys can adversely affect the schooling for boys. In addition, the empirical analyses suggest that the adverse effects of capital market imperfections are relatively more severe in rural areas. The fourth chapter presents policy implications of the key findings.
590 $a School code: 0058.
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710 2 $a Cornell University. $3 530586
773 0 $t Dissertation Abstracts International $g 61-06A.
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792 $a 2000
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9977401