Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/43752
Title: Human Capital Accumulation by Low-Skilled Workers with Borrowing Constraints - A Welfare Analysis Based on the Lucas Rural-Urban Migration Model
Authors: XU YIQIN
Keywords: Human Capital,Rural-Urban Migration, Borrowing Constraints,Social Welfare
Issue Date: 24-Aug-2012
Source: XU YIQIN (2012-08-24). Human Capital Accumulation by Low-Skilled Workers with Borrowing Constraints - A Welfare Analysis Based on the Lucas Rural-Urban Migration Model. ScholarBank@NUS Repository.
Abstract: Workers must allocate time to learning in order to accumulate human capital, forgoing employment income. Absent borrowing constraints, low-skilled workers can smooth their consumption by borrowing from future employment income, which is expected to grow with human capital. When the financing constraint is binding, the low-skilled workers must lower current consumption to finance learning and thus face a reduced incentive for human capital accumulation due to the greater opportunity cost of learning. This thesis proposes the Lucas-type endogenous rural-urban migration model incorporating the borrowing constraint and applies the results of the model to shed lights on China?s recent experience of urbanization and economic development.
URI: http://scholarbank.nus.edu.sg/handle/10635/43752
Appears in Collections:Ph.D Theses (Open)

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
XuXYQ.pdf1.2 MBAdobe PDF

OPEN

NoneView/Download

Page view(s)

157
checked on Jan 12, 2018

Download(s)

389
checked on Jan 12, 2018

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.