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- Publisher Website: 10.1016/j.iref.2019.05.007
- Scopus: eid_2-s2.0-85067024593
- WOS: WOS:000501613600001
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Article: Foreign aid, human capital acquisition and educated Unemployment:Fish or fishing
Title | Foreign aid, human capital acquisition and educated Unemployment:Fish or fishing |
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Authors | |
Keywords | Foreign aid Search Unemployment |
Issue Date | 2019 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/iref |
Citation | International Review of Economics & Finance, 2019, v. 64, p. 1-8 How to Cite? |
Abstract | By tying aid to the productive purpose of the skilled sector, this paper explores the effects of foreign aid on human capital acquisition and educated unemployment in the recipient economy. Utilizing a search and matching model, a rise in the allocation of aid used for the productive purpose can provide incentives to firms for more job entries and result in a lower unemployment rate among skilled workers. However, this result can be mitigated or even overturned when endogenous human capital acquisition is incorporated. We also show that an increase in the portion of foreign aid used for education subsidy can increase the supply but reduce the demand for skilled labor. This thus results in a higher educated unemployment rate in the economy. |
Persistent Identifier | http://hdl.handle.net/10722/278977 |
ISSN | 2023 Impact Factor: 4.8 2023 SCImago Journal Rankings: 1.093 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Liu, X | - |
dc.contributor.author | FAN, H | - |
dc.contributor.author | Chao, CC | - |
dc.contributor.author | Yu, ESH | - |
dc.date.accessioned | 2019-10-21T02:17:23Z | - |
dc.date.available | 2019-10-21T02:17:23Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | International Review of Economics & Finance, 2019, v. 64, p. 1-8 | - |
dc.identifier.issn | 1059-0560 | - |
dc.identifier.uri | http://hdl.handle.net/10722/278977 | - |
dc.description.abstract | By tying aid to the productive purpose of the skilled sector, this paper explores the effects of foreign aid on human capital acquisition and educated unemployment in the recipient economy. Utilizing a search and matching model, a rise in the allocation of aid used for the productive purpose can provide incentives to firms for more job entries and result in a lower unemployment rate among skilled workers. However, this result can be mitigated or even overturned when endogenous human capital acquisition is incorporated. We also show that an increase in the portion of foreign aid used for education subsidy can increase the supply but reduce the demand for skilled labor. This thus results in a higher educated unemployment rate in the economy. | - |
dc.language | eng | - |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/iref | - |
dc.relation.ispartof | International Review of Economics & Finance | - |
dc.subject | Foreign aid | - |
dc.subject | Search | - |
dc.subject | Unemployment | - |
dc.title | Foreign aid, human capital acquisition and educated Unemployment:Fish or fishing | - |
dc.type | Article | - |
dc.identifier.email | FAN, H: u3005647@hku.hk | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.iref.2019.05.007 | - |
dc.identifier.scopus | eid_2-s2.0-85067024593 | - |
dc.identifier.hkuros | 307604 | - |
dc.identifier.volume | 64 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 8 | - |
dc.identifier.isi | WOS:000501613600001 | - |
dc.publisher.place | Netherlands | - |
dc.identifier.issnl | 1059-0560 | - |