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WORKING PAPERS
October 14, 2021
How many immigrants with less than university education, for a given immigration quota, maximise economic output? The answer is simple—zero—in the canonical model of the labour market, where the marginal product of a university-educated immigrant is always higher. We build an alternative model, foll...
WORKING PAPERS
May 11, 2021
In the Philippines, anecdotes on the dwindling use of essential healthcare services as an indirect consequence of COVID-19 pandemic are mounting, but compelling evidence remains scarce up to this day. In this study, we examined the magnitude of decline in insurance claims of twelve high burden ...
WORKING PAPERS
March 31, 2021
China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of Chin...
WORKING PAPERS
September 30, 2008
When countries select immigrants based on skill, what happens in the migrants' countries of origin? Departing skilled workers obviously tend to reduce stocks of skill there, but the prospect of skilled migration can induce more investment in skill. It is not clear which effect dominates. This pa...