MPIA-20108 Commodity Booms, Human Capital, and Economic Growth. An Application to Colombia

Abstract

Empirical research has shown the procyclical behavior in the child labor and income shocks. We want to model the idea that there exists a trade-off between the current level of consumption and the future levels of human capital. As shocks in the international prices of commodities affect current income and modify the optimal consumption basket, households adjust their preferences between schooling time and working time for the younger (school-aged) household members. Therefore, the dynamics of human capital accumulation can be affected and, with it, the prospects for economic growth and the sectoral composition of the economy, when commodity production and trade play a significant role in the economy.


Members

Project leader: Iader Giraldo

Project researchers: Ricardo Arguello | Nataly Herrera

Scientific mentors: Martín Cicowiez


Working Papers

Title Modified Size Comments Recommendations
Commodity Booms, Human Capital, and Economic Growth: An Application to Colombia 2019-06-14 1.15MB 0 0

Policy Briefs

Title Modified Size Comments Recommendations
How education incentives during a commodities boom can help economic growth in Colombia 2019-07-19 801.21kB 0 0

Proposal

Title Modified Size Comments Recommendations
2017-09-21 693.42KB 0 1

Final report

Title Modified Size Comments Recommendations
2018-11-03 475.49kB 0 0

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