dc.description.abstract
[eng] This dissertation focuses on the determinants and the effects of human capital
formation in Indonesia and contribute to the extensive literature on the
economics of education. Since the seminal works by Mincer (1958), Goode
(1959), Schultz (1961), and Becker (1975), a large amount of research has
been conducted within this field, highlighting how educational investment
boosts job performance and economic productivity. Such advancements are
attributed to the acquisition of knowledge, skills, and personal traits through
education, as discussed by Nelson et al. (1966) and further developed by
Lucas (1988). Human capabilities, when combined with physical capital in
the production function, play a crucial role in economic growth, as
demonstrated by the empirical research of Barro (1991), Benhabib and
Spiegel (1994), Barro and Sala-i-Martin (1995), and Griliches (1996). Within
the context of globalization, the quantity and quality of human capital play a
growing role in determining the competitive advantage of emerging countries
(Awan et al., 2011; Cremin and Nakabugo, 2012; Montenegro and Patrinos,
2014). Indeed, the economic rise of East Asian economies was clearly driven
by their strategic investments in human capital building, which led to
significant progress in economic development, and an important reduction
in poverty and income inequality (World Bank, 1993).
At the individual level, the benefits of investment in education can be framed
in monetary and non-monetary terms. From the financial perspective, the
primary return to human capital investment is in the form of higher lifetime
earnings, which has been largely studied (Angrist and Krueger, 1991; Card,
1999; Blundell et al., 2004; Cascio and Lewis, 2006; Oreopoulos, 2006a;
Aydemir and Kirdar, 2017; Hampf, 2019). Psacharopoulos and Patrinos
(2018) conducted a comprehensive comparison among countries,
highlighting the latest trends and patterns in returns to schooling based on a
database of 139 countries for the 1950–2014 period. Their analysis reveals
universally positive returns to schooling, though the magnitude varies by
country classification and region.
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dc.rights.license
ADVERTIMENT. Tots els drets reservats. L'accés als continguts d'aquesta tesi doctoral i la seva utilització ha de respectar els drets de la persona autora. Pot ser utilitzada per a consulta o estudi personal, així com en activitats o materials d'investigació i docència en els termes establerts a l'art. 32 del Text Refós de la Llei de Propietat Intel·lectual (RDL 1/1996). Per altres utilitzacions es requereix l'autorització prèvia i expressa de la persona autora. En qualsevol cas, en la utilització dels seus continguts caldrà indicar de forma clara el nom i cognoms de la persona autora i el títol de la tesi doctoral. No s'autoritza la seva reproducció o altres formes d'explotació efectuades amb finalitats de lucre ni la seva comunicació pública des d'un lloc aliè al servei TDX. Tampoc s'autoritza la presentació del seu contingut en una finestra o marc aliè a TDX (framing). Aquesta reserva de drets afecta tant als continguts de la tesi com als seus resums i índexs.
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