Despite the popularity of pay-for-performance (P4P) among health policymakers and private insurers as a tool for improving quality of care, there is little empirical basis for its effectiveness. We use data from published performance reports of physician medical groups contracting with a large network HMO to compare clinical quality before and after the implementation of P4P, relative to a control group. We consider the effect of P4P on both rewarded and unrewarded dimensions of quality. In the end, we fail to find evidence that a large P4P initiative either resulted in major improvement in quality or notable disruption in care.
{"title":"Can You Get What You Pay For? Pay-for-Performance and the Quality of Healthcare Providers","authors":"Kathleen J. Mullen, R. Frank, M. Rosenthal","doi":"10.2139/ssrn.1381463","DOIUrl":"https://doi.org/10.2139/ssrn.1381463","url":null,"abstract":"Despite the popularity of pay-for-performance (P4P) among health policymakers and private insurers as a tool for improving quality of care, there is little empirical basis for its effectiveness. We use data from published performance reports of physician medical groups contracting with a large network HMO to compare clinical quality before and after the implementation of P4P, relative to a control group. We consider the effect of P4P on both rewarded and unrewarded dimensions of quality. In the end, we fail to find evidence that a large P4P initiative either resulted in major improvement in quality or notable disruption in care.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129410237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines the impacts of disasters on dynamic human capital production using panel data from Bangladesh, Ethiopia, and Malawi. The empirical results show that the accumulation of biological human capital prior to disasters helps children maintain investments in the post-disaster period. Biological human capital formed in early childhood (long-term nutritional status) plays a role of insurance with resilience to disasters by protecting schooling investment and outcomes, although disasters have negative impacts on investment. In Bangladesh, children with more biological human capital are less affected by the adverse effects of floods, and the rate of investment increases with the initial human capital stock in the post-disaster recovery process. In Ethiopia and Malawi, where droughts are rather frequent, exposure to highly frequent droughts in some cases reduces schooling investment but the negative impacts are larger among children embodying less biological human capital. Asset holdings prior to the disasters, especially the household's stock of intellectual human capital, also helps maintain schooling investments at least to the same degree as the stock of human capital accumulated in children prior to the disasters.
{"title":"Natural Disasters, Self-Insurance and Human Capital Investment: Evidence from Bangladesh, Ethiopia and Malawi","authors":"Futoshi Yamauchi, Y. Yohannes, A. Quisumbing","doi":"10.1596/1813-9450-4910","DOIUrl":"https://doi.org/10.1596/1813-9450-4910","url":null,"abstract":"This paper examines the impacts of disasters on dynamic human capital production using panel data from Bangladesh, Ethiopia, and Malawi. The empirical results show that the accumulation of biological human capital prior to disasters helps children maintain investments in the post-disaster period. Biological human capital formed in early childhood (long-term nutritional status) plays a role of insurance with resilience to disasters by protecting schooling investment and outcomes, although disasters have negative impacts on investment. In Bangladesh, children with more biological human capital are less affected by the adverse effects of floods, and the rate of investment increases with the initial human capital stock in the post-disaster recovery process. In Ethiopia and Malawi, where droughts are rather frequent, exposure to highly frequent droughts in some cases reduces schooling investment but the negative impacts are larger among children embodying less biological human capital. Asset holdings prior to the disasters, especially the household's stock of intellectual human capital, also helps maintain schooling investments at least to the same degree as the stock of human capital accumulated in children prior to the disasters.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131314117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Migration flows are shaped by a complex combination of self-selection and out-selection mechanisms. In this paper, the authors analyze how existing diasporas (the stock of people born in a country and living in another one) affect the size and human-capital structure of current migration flows. The analysis exploits a bilateral data set on international migration by educational attainment from 195 countries to 30 developed countries in 1990 and 2000. Based on simple micro-foundations and controlling for various determinants of migration, the analysis finds that diasporas increase migration flows, lower the average educational level and lead to higher concentration of low-skill migrants. Interestingly, diasporas explain the majority of the variability of migration flows and selection. This suggests that, without changing the generosity of family reunion programs, education-based selection rules are likely to have a moderate impact. The results are highly robust to the econometric techniques, accounting for the large proportion of zeros and endogeneity problems.
{"title":"Diasporas","authors":"M. Beine, Frédéric Docquier, C. Ozden","doi":"10.1596/1813-9450-4984","DOIUrl":"https://doi.org/10.1596/1813-9450-4984","url":null,"abstract":"Migration flows are shaped by a complex combination of self-selection and out-selection mechanisms. In this paper, the authors analyze how existing diasporas (the stock of people born in a country and living in another one) affect the size and human-capital structure of current migration flows. The analysis exploits a bilateral data set on international migration by educational attainment from 195 countries to 30 developed countries in 1990 and 2000. Based on simple micro-foundations and controlling for various determinants of migration, the analysis finds that diasporas increase migration flows, lower the average educational level and lead to higher concentration of low-skill migrants. Interestingly, diasporas explain the majority of the variability of migration flows and selection. This suggests that, without changing the generosity of family reunion programs, education-based selection rules are likely to have a moderate impact. The results are highly robust to the econometric techniques, accounting for the large proportion of zeros and endogeneity problems.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122523618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article revisits David W. Galenson’s work on the relationship between artistic creativity and the life cycle of artists. Galenson introduces a simple classification of creativity careers (early vs. late-bloomers), relates it to a bipartite typology of creativity (conceptual vs. experimental innovators) and builds on this typology to explain the decreasing trend of age at which artists were most creative over several generations in the 19th and 20th centuries. Drawing on Galenson’s measures, the present paper uses a different approach to overcome possible criticisms to his design. Applying sequence analysis to creativity careers of 41 major modern painters, it also yields a fairly different story from the one Galenson proposes. In particular, I show that a typology of creativity should distinguish between creativity occurring within artistic movements and other forms of creativity. This distinction is important, for the decrease in age at peak creativity over time seems actually driven by the evolution of movement-related creativity alone. Investigating the specific issue of creativity over the life cycle of artists, and showing that movements and interactions play an important part in the picture, the paper thus suggests there is something more than the mere individual involved in artistic creativity.
本文回顾了David W. Galenson关于艺术创造力与艺术家生命周期之间关系的研究。Galenson介绍了一个简单的创造力职业分类(早期和晚期),将其与创造力的两部分类型(概念创新者和实验创新者)联系起来,并在此类型的基础上解释了19世纪和20世纪几代艺术家最具创造力的年龄下降趋势。根据Galenson的测量方法,本文采用了一种不同的方法来克服对他的设计可能存在的批评。将序列分析应用于41位主要现代画家的创作生涯,也得出了一个与盖伦森提出的完全不同的故事。我特别指出,创造力的类型学应该区分艺术运动中的创造力和其他形式的创造力。这一区别很重要,因为随着时间的推移,创造力峰值年龄的下降似乎仅仅是由与运动相关的创造力的进化所驱动的。研究了艺术家生命周期中创造力的具体问题,并表明运动和互动在画面中起着重要作用,因此,这篇论文表明,在艺术创造力中,不仅仅有个人参与。
{"title":"Creativity from Interaction: Artistic Movements and the Creativity Careers of Modern Painters","authors":"Fabien Accominotti","doi":"10.2139/ssrn.1396415","DOIUrl":"https://doi.org/10.2139/ssrn.1396415","url":null,"abstract":"This article revisits David W. Galenson’s work on the relationship between artistic creativity and the life cycle of artists. Galenson introduces a simple classification of creativity careers (early vs. late-bloomers), relates it to a bipartite typology of creativity (conceptual vs. experimental innovators) and builds on this typology to explain the decreasing trend of age at which artists were most creative over several generations in the 19th and 20th centuries. Drawing on Galenson’s measures, the present paper uses a different approach to overcome possible criticisms to his design. Applying sequence analysis to creativity careers of 41 major modern painters, it also yields a fairly different story from the one Galenson proposes. In particular, I show that a typology of creativity should distinguish between creativity occurring within artistic movements and other forms of creativity. This distinction is important, for the decrease in age at peak creativity over time seems actually driven by the evolution of movement-related creativity alone. Investigating the specific issue of creativity over the life cycle of artists, and showing that movements and interactions play an important part in the picture, the paper thus suggests there is something more than the mere individual involved in artistic creativity.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121921155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
John R. Page, Thomas M. Bayer, Y. Raviv, J. Rosett
The links between individual ability, human capital investment, and quality of output are generally hard to examine because in most situations output results from multiple inputs and often through complex contracting processes. We overcome these problems by examining life-cycle artistic output quality as reflected in art auction prices. First, we observe an inverted U-shaped age-quality of work profile similar to the conventional age–wage profile. Second, we find that the degree of concavity increases for those with higher native ability. Third, we find that working for a patron rather than selling directly to the market is associated with a flatter age profile. Fourth, we find evidence that formal education increases the concavity of the age-quality of work profile. These results are consistent with the theory and demonstrate that artists respond to incentives to invest in human capital.
{"title":"Age, Human Capital and the Quality of Work: New Evidence from Old Masters","authors":"John R. Page, Thomas M. Bayer, Y. Raviv, J. Rosett","doi":"10.2139/ssrn.1364417","DOIUrl":"https://doi.org/10.2139/ssrn.1364417","url":null,"abstract":"The links between individual ability, human capital investment, and quality of output are generally hard to examine because in most situations output results from multiple inputs and often through complex contracting processes. We overcome these problems by examining life-cycle artistic output quality as reflected in art auction prices. First, we observe an inverted U-shaped age-quality of work profile similar to the conventional age–wage profile. Second, we find that the degree of concavity increases for those with higher native ability. Third, we find that working for a patron rather than selling directly to the market is associated with a flatter age profile. Fourth, we find evidence that formal education increases the concavity of the age-quality of work profile. These results are consistent with the theory and demonstrate that artists respond to incentives to invest in human capital.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116906564","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The ability of the acquirer and the acquired firm in managing new capabilities and skills following a transaction is considered to be one of the most important purchasing criteria in takeovers and mergers. Practitioners claim that M&A deals, which involve practices with strong knowledge management discipline, are better candidates for acquisition. Experience reveals that world-class organizations that are managing knowledge assets effectively increase innovation, accelerate speed to market, increase organizational competence, and improve productivity.
In M&A deals, companies go through a chain of activities: (1) crafting inorganic growth strategy; (2) screening market for acceptable growth opportunities; (3) targeting the candidates; (4) conducting due diligence investigations and post-acquisition integration planning; (5) allocating purchase price and negotiating; (6) signing and closing; and notably (7) implementing and finalizing post-merger integration.
In our contribution, we will provide insight on the importance of intellectual capital in inorganic growth. Among other due diligence investigations, we argue that knowledge management due diligence audit is supposed to explain the relationship between (1) intangible knowledge assets (including the related processes, technologies and organisational culture) and (2) inorganic business growth through mergers and acquisitions.
{"title":"Intellectual Assets & Knowledge Due Diligence","authors":"Noah Farhadi","doi":"10.2139/ssrn.1359663","DOIUrl":"https://doi.org/10.2139/ssrn.1359663","url":null,"abstract":"The ability of the acquirer and the acquired firm in managing new capabilities and skills following a transaction is considered to be one of the most important purchasing criteria in takeovers and mergers. Practitioners claim that M&A deals, which involve practices with strong knowledge management discipline, are better candidates for acquisition. Experience reveals that world-class organizations that are managing knowledge assets effectively increase innovation, accelerate speed to market, increase organizational competence, and improve productivity.<br><br>In M&A deals, companies go through a chain of activities: (1) crafting inorganic growth strategy; (2) screening market for acceptable growth opportunities; (3) targeting the candidates; (4) conducting due diligence investigations and post-acquisition integration planning; (5) allocating purchase price and negotiating; (6) signing and closing; and notably (7) implementing and finalizing post-merger integration. <br><br>In our contribution, we will provide insight on the importance of intellectual capital in inorganic growth. Among other due diligence investigations, we argue that knowledge management due diligence audit is supposed to explain the relationship between (1) intangible knowledge assets (including the related processes, technologies and organisational culture) and (2) inorganic business growth through mergers and acquisitions.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"71 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129906961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to evaluate the return on investments and its capacity to add value in Third Sector entities, enlarged by the inclusion of aspects of volunteer work. It consists of a descriptive survey of an intentional sample, which identifies multiples that form an integral part of accounting and financial values with social indicators. Investments in volunteer work show that the broader its base, the higher the return by real invested, with a contribution above 43 %, besides the financial values. The value added by this activity at the entities surveyed accounts for 67.6 % of the financial and social value allocated to human resources and for 15.6% of the hours worked. There is economy for society derived from the secondary results of the functional qualification of this labor with training and education, generating a market value 5.6 times the financial value invested in its training. The conclusion presents the preeminent need to value the undisclosed contribution of volunteer work.
{"title":"Social Return on Investment, Value Added and Volunteer Work","authors":"Eduardo Segio Ulrich Pace, L. C. Basso","doi":"10.2139/ssrn.1359306","DOIUrl":"https://doi.org/10.2139/ssrn.1359306","url":null,"abstract":"This study aims to evaluate the return on investments and its capacity to add value in Third Sector entities, enlarged by the inclusion of aspects of volunteer work. It consists of a descriptive survey of an intentional sample, which identifies multiples that form an integral part of accounting and financial values with social indicators. Investments in volunteer work show that the broader its base, the higher the return by real invested, with a contribution above 43 %, besides the financial values. The value added by this activity at the entities surveyed accounts for 67.6 % of the financial and social value allocated to human resources and for 15.6% of the hours worked. There is economy for society derived from the secondary results of the functional qualification of this labor with training and education, generating a market value 5.6 times the financial value invested in its training. The conclusion presents the preeminent need to value the undisclosed contribution of volunteer work.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128017775","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
There is a huge demand for high-quality longitudinal educational research in Germany. In particular, there is a clear need for both analytical and methodological progress in order to understand educational pathways through the life course and how they lead to different outcomes. This paper identifies the theoretical and methodological challenges of studying education across the life course and describes the structure of the National Educational Panel Study (NEPS) in Germany.
{"title":"Education Across the Life Course","authors":"H. Blossfeld","doi":"10.2139/ssrn.1447885","DOIUrl":"https://doi.org/10.2139/ssrn.1447885","url":null,"abstract":"There is a huge demand for high-quality longitudinal educational research in Germany. In particular, there is a clear need for both analytical and methodological progress in order to understand educational pathways through the life course and how they lead to different outcomes. This paper identifies the theoretical and methodological challenges of studying education across the life course and describes the structure of the National Educational Panel Study (NEPS) in Germany.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"239 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114102718","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We present a model where the probability distribution over the space of an agent's achievements depends not only on her ability and effort, but also on the goals set for her. The agent chooses her effort according to her utility net of perceived cost of effort. This cost is inversely proportional to an `emulation function' that depends on the training undertaken by rival agents. The principal also incurs costs in setting goals. In the first part of the paper we analyse the cases of coaches setting goals for rival athletes and that of a coach in charge of a team. We can sometimes rank the outcomes. In the second part of the paper we turn our attention to families where parents do not treat their children as perfect substitutes, as coaches did. We show that in many circumstances the emulation process reverses our naive intuition. There are now two distinct ways of prodding children to success: direct coaching, and emulation through sibling rivalry. Nous presentons un modele ou la distribution de la valeur du succes d'un agent depend non seulement de son aptitude et de son effort, mais aussi des objectifs qui lui sont fixes par le principal. L'agent choisit son effort en tenant compte de son utilite et du cout percu de l'effort. Ce cout est inversement proportionel a une 'fonction d'emulation' qui depend des objectifs fixes a ses rivaux. Dans une premiere partie, nous analysons les choix d'entraineurs d'athletes rivaux et celui de l'entraineur d'une equipe. Nous pouvons parfois ordonner leurs resultats. Une deuxieme partie analyse le cas des familles qui, contrairement aux entraineurs, ne considerent pas leurs enfants comme de parfaits substituts. Nous demontrons que souvent le processus d'emulation aboutit a des resultats contraires a une intuition naive. Il y a maintenant deux voies distinctes pour pousser les enfants vers le succes : une voie directe par la formation, et une voie indirecte s'appuyant sur la rivalite entre freres et soeurs.
{"title":"Emulation in Teams and Families","authors":"D. Léonard, Ngo van Long","doi":"10.2139/ssrn.1369209","DOIUrl":"https://doi.org/10.2139/ssrn.1369209","url":null,"abstract":"We present a model where the probability distribution over the space of an agent's achievements depends not only on her ability and effort, but also on the goals set for her. The agent chooses her effort according to her utility net of perceived cost of effort. This cost is inversely proportional to an `emulation function' that depends on the training undertaken by rival agents. The principal also incurs costs in setting goals. In the first part of the paper we analyse the cases of coaches setting goals for rival athletes and that of a coach in charge of a team. We can sometimes rank the outcomes. In the second part of the paper we turn our attention to families where parents do not treat their children as perfect substitutes, as coaches did. We show that in many circumstances the emulation process reverses our naive intuition. There are now two distinct ways of prodding children to success: direct coaching, and emulation through sibling rivalry. Nous presentons un modele ou la distribution de la valeur du succes d'un agent depend non seulement de son aptitude et de son effort, mais aussi des objectifs qui lui sont fixes par le principal. L'agent choisit son effort en tenant compte de son utilite et du cout percu de l'effort. Ce cout est inversement proportionel a une 'fonction d'emulation' qui depend des objectifs fixes a ses rivaux. Dans une premiere partie, nous analysons les choix d'entraineurs d'athletes rivaux et celui de l'entraineur d'une equipe. Nous pouvons parfois ordonner leurs resultats. Une deuxieme partie analyse le cas des familles qui, contrairement aux entraineurs, ne considerent pas leurs enfants comme de parfaits substituts. Nous demontrons que souvent le processus d'emulation aboutit a des resultats contraires a une intuition naive. Il y a maintenant deux voies distinctes pour pousser les enfants vers le succes : une voie directe par la formation, et une voie indirecte s'appuyant sur la rivalite entre freres et soeurs.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124889374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The author assesses empirically the relationship between natural disaster risk and investment in education. Although the results in the empirical literature tend to be inconclusive, using model averaging methods in the framework of cross-country and panel regressions, this paper finds an extremely robust negative partial correlation between secondary school enrollment and natural disaster risk. This result is exclusively driven by geological disasters. Natural disaster risk exposure is a robust determinant of differences in secondary school enrollment between countries, but not within countries, which implies that the effect can be interpreted as a long-run phenomenon.
{"title":"Natural Disasters and Human Capital Accumulation","authors":"J. Cuaresma","doi":"10.1093/WBER/LHQ008","DOIUrl":"https://doi.org/10.1093/WBER/LHQ008","url":null,"abstract":"The author assesses empirically the relationship between natural disaster risk and investment in education. Although the results in the empirical literature tend to be inconclusive, using model averaging methods in the framework of cross-country and panel regressions, this paper finds an extremely robust negative partial correlation between secondary school enrollment and natural disaster risk. This result is exclusively driven by geological disasters. Natural disaster risk exposure is a robust determinant of differences in secondary school enrollment between countries, but not within countries, which implies that the effect can be interpreted as a long-run phenomenon.","PeriodicalId":142467,"journal":{"name":"Labor: Human Capital","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117042652","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}