Essays on the Behavior of Households' Human Capital Investments

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Release : 1994
Genre : Education
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Essays on the Behavior of Households' Human Capital Investments - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Essays on the Behavior of Households' Human Capital Investments write by Hong-kyun Kim. This book was released on 1994. Essays on the Behavior of Households' Human Capital Investments available in PDF, EPUB and Kindle.

Essays on Human Capital Investments in Developing Countries

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Release : 2011
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Essays on Human Capital Investments in Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Essays on Human Capital Investments in Developing Countries write by Emilie T. Bagby. This book was released on 2011. Essays on Human Capital Investments in Developing Countries available in PDF, EPUB and Kindle. This dissertation encompasses three chapters that explore determinants of parental investments in their children0́9s health and education in developing countries. Below are the individual abstracts for each chapter. Chapter 1: Child Ability, Parental Investments and Child Nutrition in Ecuador This paper investigates the role of family composition and child cognitive ability in explaining how resource-constrained households make nutritional investment decisions in their children. Parents have private information about their children0́9s abilities and health that is typically not available to researchers. I use a unique panel household dataset from Ecuador0́9s Bono de Desarrollo Humano that contains a measure of child cognitive ability and allows me to estimate its affect on resource allocation. I address reverse causality due to the effects of investments on ability and I use within household fixed effects to look at children to look at the intra-household investment decision. Findings point to the existence of sibling rivalry due to resource constraints; children with more siblings, and children in poor households, are less likely to eat high-quality food. Children with higher abilities are less likely to share a nutritional supplement with another family member, suggesting that parents must decide how to invest their limited resources, and child ability informs that decision. Within households of more than one child, children with higher abilities are more likely to eat higher quality foods than their siblings, even after controlling for child body size. Chapter 2: Child Ability and Household Human Capital Investment Decisions in Burkina Faso Using data we collected in rural Burkina Faso, we examine how children0́9s cognitive abilities influence resource constrained households0́9 decisions to invest in their education. We use a direct measure of child ability for all primary school-aged children, regardless of current school enrollment. We explicitly incorporate direct measures of the ability of each child0́9s siblings (both absolute and relative measures) to show how sibling rivalry exerts an impact on the parent0́9s decision of whether and how much to invest in their child0́9s education. We find children with one standard deviation higher own ability are 16 percent more likely to be currently enrolled, while having a higher ability sibling lowers current enrollment by 16 percent and having two higher ability siblings lowers enrollment by 30 percent. Results are robust to addressing the potential reverse causality of schooling influencing child ability measures and using alternative cognitive tests to measure ability. Chapter 3: Risk and Protective Factors for School Dropout in Mexico and Chile Fourteen percent of Chilean youth and 30 percent of Mexican youth have dropped out prior to completing secondary school. Of these youth, 90 to 97 percent are considered 0́−at risk,0́+ meaning that they engage in or are at risk of engaging in risky behaviors that are detrimental to their own development and to the well-being of their societies. This paper uses youth surveys from Chile and Mexico to demonstrate that early school dropout is strongly correlated with a range of risky behaviors as well as typically unobservable risk and protective factors. We test which of a large set of potential factors are correlated with dropping out of school early and other risky behaviors. These factors range from relationships with parents and institutions to household behaviors (abuse, discipline techniques) to social exclusion. We use stepwise regressions to sort out which variables best explain the observed variance in risky behaviors. We also use a non-parametric methodology to characterize different sub-groups of youth according to the amount of risk in their lives. We find that while higher socioeconomic status emerges as key explanatory factors for school dropout and six additional risky behaviors for boys and girls in both countries, it is not the only one. A good relationship with parents and peers, strong connection with local governmental institutions and schools, urban residence, younger age, and spirituality also emerge as being strongly correlated with school dropout and different risky behaviors. Similarly, young people that leave school early also engage in other risky behaviors. The variety of factors associated with leaving school early suggests that while poverty is important, it is not the only risk factor. This points to a wider range of policy entry points than currently used, including targeting parents and the relationship with schools.

Essays on the Consumption and Investment Decisions of Households in the Presence of Housing and Human Capital

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Release : 2010
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Essays on the Consumption and Investment Decisions of Households in the Presence of Housing and Human Capital - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Essays on the Consumption and Investment Decisions of Households in the Presence of Housing and Human Capital write by Sebastien Betermier. This book was released on 2010. Essays on the Consumption and Investment Decisions of Households in the Presence of Housing and Human Capital available in PDF, EPUB and Kindle. This dissertation consists of three essays in which I study the consumption and investment decisions of households in the presence of two major asset classes: housing and human capital. In the first essay, I analyze how the dual consumption-investment nature of housing affects the consumption dynamics of households. A key feature of the housing market is that for most households, the consumption and investment benefits of housing are non-separable. I propose a tractable theoretical framework to understand the impact of this constraint on the consumption allocation of homeowners who would ideally like to own just a fraction of their home. For these homeowners, the relative cost of living in their home is not just the imputed rental cost. It also includes an opportunity cost of having an unbalanced financial portfolio. This cost varies substantially over time, and it is especially high in good times, when available investment opportunities yield high returns and homeowners allocate a high fraction of their wealth to current consumption. As a result, this cost dampens variations in the level of their housing consumption, and it amplifies variations in both their level of non-housing consumption and the composition of their consumption baskets. I then test empirically this theory in the second essay. Using household-level data from the Panel Study of Income Dynamics (PSID), I test the hypothesis that homeowners who face a high opportunity cost choose ceteris paribus a low housing consumption volatility. I also develop a method to identify these constrained homeowners by comparing their characteristics to those of a subset of unconstrained homeowners: the landlords. The results are consistent with the predictions of the model. First, the characteristics of homeowners that determine how constrained they are in the model are strong predictors of those homeowners who choose to be landlords in the data. For example, homeowners with a low level of risk aversion, little value for housing consumption, and a long horizon are relatively more likely to be landlords. Second, I find evidence that the more constrained homeowners adjust their level of housing consumption much less over time. In the third essay, which was developed in collaboration with Thomas Jansson, Christine Parlour, and Johan Walden, we investigate the relationship between workers' labor income and their investment decisions. Using a detailed Swedish data set on employment and portfolio holdings we estimate wage volatility and labor productivity for Swedish industries and, motivated by theory, we show that highly labor productive industries are more likely to pay workers variable wages. We also find that both levels and changes in wage volatility are significant in explaining changes in household investment portfolios. A household going from an industry with low wage volatility to one with high volatility will ceteris paribus decrease its portfolio share of risky assets by 25%, i.e., 7,750 USD. Similarly, a household that switches from a low labor productivity industry to one with high labor productivity decreases its risky asset share by 20%. Our results suggest that human capital risk is an important determinant of household portfolio holdings.

Wealth, Work, and Health

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Release : 1999
Genre : Business & Economics
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Book Rating : 261/5 ( reviews)

Wealth, Work, and Health - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Wealth, Work, and Health write by James P. Smith. This book was released on 1999. Wealth, Work, and Health available in PDF, EPUB and Kindle. Explores a multitude of perspectives, problems, and ways of measuring human behavior

The Household as a Human Capital Incubator

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Release : 2023-04-28
Genre : Social Science
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Book Rating : 999/5 ( reviews)

The Household as a Human Capital Incubator - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Household as a Human Capital Incubator write by Sandra Vélez Candelario. This book was released on 2023-04-28. The Household as a Human Capital Incubator available in PDF, EPUB and Kindle. Humanity’s psychological and behavioral skills are the most useful area to manage for today’s organizations. Workplaces, schools and many others organizations are investing resources in humans as capital due to these remarkable skills, in recognition of the fact that humans are our most precious capital within society. Many psychiatric treatments have been created to harness the human as capital within academic and workplace settings. This book gives the readers the opportunity to analyze the organization which promotes, or prevents, disruptive behaviour in human capital during their incubating process, that is, the household. Taylor’s management theory opened people’s eyes to the potential of humans’ physical capabilities, but this theory of psychological capital emphasizes positive psychological aspects, taking heed of organizational behaviour. This specific skill is needs to be aligned with today’s worldwide business activity. The family is the first legitimated social group to help the human being in this specific area, making them successful in life.