Manisha Shah|Bryce Millett Steinberg
Drought of Opportunities: Contemporaneous and Long-Term Impacts of Rainfall Shocks on Human Capital
National Bureau of Economic Research|University of California, Los Angeles|John Brown University
higher wages generally thought increase human capital production particularly developing world introduce simple model human capital production investments time allocation differ age using data test scores schooling rural india show higher wages increase human capital investment early life utero age 2 decrease human capital age 5 16 children switch school productive work rainfall higher opportunity cost schooling even fairly young children important factor determining overall human capital investment