Campus Units

Economics

Document Type

Book Chapter

Publication Version

Published Version

Publication Date

2007

Journal or Book Title

Solutions for the World's Biggest Problems: Costs and Benefits

Editors

Bjorn Lomborg

Publisher

Cambridge University Press

Place of Publication

Cambridge, UK

First Page or Article ID Number

241

Last Page

262

Abstract

This chapter reviews the stylized facts regarding the distribution of human capital investments and the returns to those investments in developing countries. It then examines recent evidence regarding which policies can induce increased human capital investments in the most efficient manner, using estimated benefits and costs as a guide. Supplyside strategies such as increasing school access or improving school quality are more costly, have less certain benefits, and have a weak record of success. Demand-side interventions such as school sited health programs, vouchers, and conditional transfers have a greater likelihood of improving literacy in the most cost-effective manner.

Comments

This chapter is from Solutions for the World's Biggest Problems: Costs and Benefits (2007): 241. Posted with permission.

Copyright Owner

Cambridge University Press

Language

en

File Format

application/pdf

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