Do Macroeconomic Crises Always Slow Human Capital Accumulation?
The impact of macroeconomic crises on the investments made by parents in the human capital of their children is a question of considerable policy importance. Analysis of the effects of the profound 1988-92 macroeconomic crisis in Peru on the school...
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| Format: | Journal Article |
| Language: | English en_US |
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Washington, DC: World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2004/05/17742225/macroeconomic-crises-always-slow-human-capital-accumulation http://hdl.handle.net/10986/17160 |
| Summary: | The impact of macroeconomic crises on
the investments made by parents in the human capital of
their children is a question of considerable policy
importance. Analysis of the effects of the profound 1988-92
macroeconomic crisis in Peru on the schooling and employment
decisions of school-age children in urban areas finds no
effect on attendance rates but a significant decline in the
fraction of children who are both employed and attend
school. It also finds significantly higher mean educational
attainment for children exposed to the crisis than for those
who were not. These findings may be related: children who
are not employed have more time available and may therefore
put more effort into school. |
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