【Macro Seminar】Human Capital and Structural Transformation

  • 研討會日期 : 2022-11-08
  • 時間 : 14:30
  • 主講人 : Professor Terry Cheung (張庭源)
  • 地點 : Conference room B110
  • 主持人 : Professor Wen-Tai Hsu
  • 演講者簡介 : Professor Cheung received his Ph.D. in Economics from Washington University in St. Louis in 2018. He is currently an Assistant Research Fellow at the Institute of Economics, Academia Sinica. His research interests are Growth and Development, Labor Economics, and Economic History.
  • 演講摘要 : This paper argues that public education policies, which affect schooling years and education quality, are important to understand sectoral employment and productivity. We build a multi-sector general equilibrium heterogeneous-agent life-cycle model, which features both education investment, in terms of schooling years and expenditure, and sectoral employment choices. Disciplining the stock of human capital using schooling years and return of education data, we perform counterfactual experiments and show that eliminating public education policies would increase agricultural employment by 46% while endowing a developing country with U.S. public education policies would reduce the agricultural employment by 13% even assuming constant schooling years.