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| Mude, Andrew G.; Barrett, Christopher B.; McPeak, John G.; Doss, Cheryl R.. |
| This paper presents a simple two-period, dual economy model in which migration options may affect the informal financing of educational investments. When credit contracts are universally available and perfectly enforceable, spatially varied returns to human capital have no effect on educational investment patterns. But when financial markets are incomplete and informal mechanisms subject to imperfect contract enforcement must fill the breach, spatial inequality in infrastructure or other attributes that affect the returns to education create spatial differentiation in educational lending and consequently, in educational attainment. Although migration options can increase the returns to education, they can also choke off the informal finance on which... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Teaching/Communication/Extension/Profession; O1; I1. |
| Ano: 2003 |
URL: http://purl.umn.edu/14737 |
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| Lybbert, Travis J.; Galarza, Francisco B.; McPeak, John G.; Barrett, Christopher B.; Boucher, Stephen R.; Carter, Michael R.; Chantarat, Sommarat; Fadlaoui, Aziz; Mude, Andrew G.. |
| The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such interventions to them. We explore how dynamic field experiments can help (i) intended beneficiaries to learn and understand these complicated benefit streams, and (ii) researchers to better understand how the poor respond to risk when faced with nonlinear welfare dynamics. We discuss and analyze dynamic risk valuation experiments in Morocco, Peru, and Kenya. |
| Tipo: Journal Article |
Palavras-chave: Poverty; Risk and uncertainty; Dynamics; Experiments; Kenya; Morocco; Peru; International Development; Research Methods/ Statistical Methods; Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/90791 |
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