The effects of affirmative action on the incentives to human capital accumulation are ambiguous from a theoretical perspective and the scarce empirical evidence on the matter provides mixed results. In this paper, we address this issue by investigating the impacts of Brazil's Law of Quotas on the students' performance in the college entrance exam,…

This paper develops a new measure of human capital, calculated as a cohort-weighted average of the quality of education (PISA scores) and the quantity of education (mean years of schooling). Contrary to the existing studies, the relative weights of quality and quantity are estimated (and not calibrated). The quality of education is estimated to be…

This paper introduces and uses Lakatos' idea of research programmes to summarise and critically evaluate academic discourse towards knowledge capital theory. The analysis uses rational reconstruction to formulate the components of the hardcore and protective belt of knowledge capital theory. By critically surveying the literature, it challenges…

Extending recent analyses using PISA data, the current study utilises the OECD's Survey of Adult Skills (PIAAC) to test the central claims of knowledge capital theory. PIAAC has a distinct advantage over PISA in that it more directly tests levels of purported 'knowledge capital' across an entire national workforce, rather than offering…

Teachers' own level of human capital development is commonly believed to be deterministic for the quality and effectiveness of their instruction and management in the classroom. Yet, there still exists an international debate on whether better educated teachers contribute to students' cognitive development. Leveraging a random class-assignment…

Founded on several highly influential quantitative studies, the past decade has witnessed the OECD and World Bank increasingly converge on the view that cognitive levels of students and education quality, as proxied by international large-scale assessments (ILSAs), are the primary determinant of national economic growth worldwide. More recent OECD…

Household income shocks in developing countries are known to have an impact on the education investments for children. In this paper, we explore the effects of various income and expenditure shocks on educational investment and cognitive outcomes of children using three rounds of household-level panel data from Young Lives survey conducted in two…

Technical efficiency is the ability of a firm to produce its maximum output using a set of inputs or to minimise the use of its inputs to produce a certain level of output. When a firm is operating at its most efficient, operating costs can be minimised, profits maximised and competitiveness improved. This study investigates the role of a firm's…

Purpose: Every September, millions of students--elite human resources--enter higher education in China. This large-scale college-induced migration has substantial impacts on China's national and local labor markets. This study examines the migration pattern in college choice and admission among the Hui students in China. In doing so, we extend the…

Using newly available data from the Trajectories in Education and Careers Study, the first longitudinal study on a representative sample of high school students in Russia, we examined the importance of investments in human and cultural capital on students' mathematics and reading standardized examinations, as well as on the likelihood of…

The authors examined expectations for and commitment to career and family participation among American and Chinese business students using social learning theory. They found differences between Chinese and U.S. respondents on expectations regarding career and family as well as an interaction between gender, country (China vs. United States), and…

Skeptics of Programme for International Student Assessment (PISA) and Trend for International Math and Science Study (TIMSS) argue that while US elementary and high school students are behind their peers in other nations, the US workforce is still excellent because of the high quality post-secondary educational institutions in the US. However, the…

Purpose: English language skills have great influence on labors' earnings from the global perspective. To reveal the economic returns to English language ability in Chinese labor market, we investigate how the global English test certificate affects college graduates' wage. Design/Approach/Methods: We adopt the ordinary least squares (OLS) and…

The period of transition between education and employment can be difficult for young people, particularly young immigrants. Human capital theory argues that higher levels of educational attainment should lead to improved likelihood of employment. However, although young immigrants have higher, on average, levels of educational attainment than…

We extend to the longitudinal setting a latent class approach that was recently introduced by Lanza, Coffman, and Xu to estimate the causal effect of a treatment. The proposed approach enables an evaluation of multiple treatment effects on subpopulations of individuals from a dynamic perspective, as it relies on a latent Markov (LM) model that is…