Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259313 
Year of Publication: 
2001
Series/Report no.: 
Working Paper No. 2001-17
Publisher: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Abstract: 
We explore the relation between variability in the rate of return to human capital and investment in education in the context of migration. Specifically, we show that if migration is a possibility, such variability in the rate of return to human capital can induce residents of developing countries to make greater investments in education. Moreover, providing that education is relatively costly, variability in the return to human capital may increase the average level of education in a developing economy even after expected migration is netted out. Finally, our findings are shown to have explanatory power in relation to education and migratory patterns of minorities.
Subjects: 
Macroeconomic instability
Income volatility
Migration
Human capital
Ethnic discrimination
Ethnic conflicts
Minorities
JEL: 
F22
J15
J24
J71
O15
Document Type: 
Working Paper

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