- May 2020
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www.nber.org www.nber.org
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We consider market failures because the financing of human capital investments is failure-prone, owing to issues like moral hazard that occur when human beings themselves are the vehicles for investment
This is the basic reason for the demand for public expenditure on education sector. The country as a macro institution can identify the market signals for labour requirement and invest on the production of that particular labour set till the demand is completely met. Though education has many benefit rather than monetary or internal benefits, employment opportunity influences the investment decision of humans as well as government. #LiDA103
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www.firstpost.com www.firstpost.com
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The survey conducted by S Irudayarajan and KC Zachariah of the Centre Development Studies (CDS) revealed a steady rise in the reverse flow from 1990s, when the impact of the global economic recession was felt by businesses in the Gulf. According to KMS, the number of returnees in 1998 was 7.4 lakhs. It jumped to 8.9 lakhs in 2003 and 11.5 lakhs in 2011.
The reverse migration has started from 1990's. And it grew for the next decade. But, one thing should be kept in mind. This whole episode of gulf migration started when people found no employment opportunity and high level of poverty in the home country. So we have to consider the age of these return migrants and the trend developed in Kerala's present youth generation who, safe from poverty, are satisfied with finding low or marginally paid service sector jobs in Kerala.
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