Getting incentives right: human capital investment and natural resource booms
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Regensburg
Leibniz Institute for Eastern and Southeastern European Studies
October 2017
|
| Schriftenreihe: | IOS working papers
No. 370 |
| Schlagwörter: | |
| Links: | http://www.dokumente.ios-regensburg.de/publikationen/wp/wp_370.pdf https://langzeitarchivierung.bib-bvb.de/delivery/action/cmsResolver.do?system=BVB01&id=BV044591357&startRecord=1 |
| Abstract: | The accumulation of human capital is usually considered an important corner stone in a country’s economic development. While the use of resource rents to improve an educational system and, thus, increase the level of human capital appears to be an attractive option, resource rich economies frequently struggle with an efficient management of resource revenues. In this paper, we ask whether private individuals can at least partly compensate for government’s failures by analysing the consequences of a resource boom on private demand for education. To do this we use the Household Budget Survey of Kazakhstan covering the period of 2001–2005. The oil boom provides us with the necessary exogenous variation to establish causality. We show that, in resource-rich districts of Kazakhstan, the resource boom increases the probability of employment in the formal sector for the educated labour force and the likelihood that households pay tuition fees for tertiary education. We are able to refute the conjecture that our effect is driven merely by the growing income of the households, by the growing supply of educational opportunities or by the immigration of educated households. |
| Umfang: | 1 Online-Ressource (v, 36 Seiten) Diagramme, Karten |
| Format: | kostenfrei |
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| spelling | Toews, Gerhard Verfasser (DE-588)1105585336 aut Getting incentives right human capital investment and natural resource booms Gerhard Toews and Alexander Libman Regensburg Leibniz Institute for Eastern and Southeastern European Studies October 2017 1 Online-Ressource (v, 36 Seiten) Diagramme, Karten txt rdacontent c rdamedia cr rdacarrier IOS working papers No. 370 The accumulation of human capital is usually considered an important corner stone in a country’s economic development. While the use of resource rents to improve an educational system and, thus, increase the level of human capital appears to be an attractive option, resource rich economies frequently struggle with an efficient management of resource revenues. In this paper, we ask whether private individuals can at least partly compensate for government’s failures by analysing the consequences of a resource boom on private demand for education. To do this we use the Household Budget Survey of Kazakhstan covering the period of 2001–2005. The oil boom provides us with the necessary exogenous variation to establish causality. We show that, in resource-rich districts of Kazakhstan, the resource boom increases the probability of employment in the formal sector for the educated labour force and the likelihood that households pay tuition fees for tertiary education. We are able to refute the conjecture that our effect is driven merely by the growing income of the households, by the growing supply of educational opportunities or by the immigration of educated households. kostenfrei Langzeitarchivierung durch die Bayerische Staatsbibliothek Geschichte 2001-2005 gnd rswk-swf Humankapital (DE-588)4160783-1 gnd rswk-swf Rohstoffmarkt (DE-588)4050426-8 gnd rswk-swf Kasachstan (DE-588)4029839-5 gnd rswk-swf Kasachstan (DE-588)4029839-5 g Humankapital (DE-588)4160783-1 s Rohstoffmarkt (DE-588)4050426-8 s Geschichte 2001-2005 z DE-604 Libman, Alexander 1981- Verfasser (DE-588)132180766 aut IOS working papers No. 370 (DE-604)BV040033175 370 http://www.dokumente.ios-regensburg.de/publikationen/wp/wp_370.pdf Verlag kostenfrei https://langzeitarchivierung.bib-bvb.de/delivery/action/cmsResolver.do?system=BVB01&id=BV044591357&startRecord=1 Volltext // Ressource im BVB-Langzeitarchiv |
| spellingShingle | Toews, Gerhard Libman, Alexander 1981- Getting incentives right human capital investment and natural resource booms IOS working papers Humankapital (DE-588)4160783-1 gnd Rohstoffmarkt (DE-588)4050426-8 gnd |
| subject_GND | (DE-588)4160783-1 (DE-588)4050426-8 (DE-588)4029839-5 |
| title | Getting incentives right human capital investment and natural resource booms |
| title_auth | Getting incentives right human capital investment and natural resource booms |
| title_exact_search | Getting incentives right human capital investment and natural resource booms |
| title_full | Getting incentives right human capital investment and natural resource booms Gerhard Toews and Alexander Libman |
| title_fullStr | Getting incentives right human capital investment and natural resource booms Gerhard Toews and Alexander Libman |
| title_full_unstemmed | Getting incentives right human capital investment and natural resource booms Gerhard Toews and Alexander Libman |
| title_short | Getting incentives right |
| title_sort | getting incentives right human capital investment and natural resource booms |
| title_sub | human capital investment and natural resource booms |
| topic | Humankapital (DE-588)4160783-1 gnd Rohstoffmarkt (DE-588)4050426-8 gnd |
| topic_facet | Humankapital Rohstoffmarkt Kasachstan |
| url | http://www.dokumente.ios-regensburg.de/publikationen/wp/wp_370.pdf https://langzeitarchivierung.bib-bvb.de/delivery/action/cmsResolver.do?system=BVB01&id=BV044591357&startRecord=1 |
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| work_keys_str_mv | AT toewsgerhard gettingincentivesrighthumancapitalinvestmentandnaturalresourcebooms AT libmanalexander gettingincentivesrighthumancapitalinvestmentandnaturalresourcebooms |