Human Capital, Labor Markets and Development
This panel will consider the role of human capital and labor markets in the past and future development of Asian economies. Human capital investments foster development and respond positively to it. Labor markets are central to the development process, in large part because much human capital investment occurs in the workplace and in anticipation of future work.
Panelists and Moderator
Professor Chang-Tai Hsieh
Phyllis and Irwin Winkelried Professor of Economics
Chang-Tai Hsieh conducts research on growth and development. Hsieh has published several papers in top economic journals, including "Misallocation and Manufacturing TFP in China and India," in the Quarterly Journal of Economics; "Relative Prices and Relative Prosperity," in the American Economic Review; "Can Free Entry be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry," in the Journal of Political Economy; and "What Explains the Industrial Revolution in East Asia? Evidence from the Factor Markets," in the American Economic Review.
Hsieh has been a visiting scholar at the Federal Reserve Banks of San Francisco, New York, and Minneapolis, as well as the World Bank's Development Economics Group and the Economic Planning Agency in Japan. He is a Research Associate for the National Bureau of Economic Research, a Senior Fellow at the Bureau for Research in Economic Analysis of Development, a Co-Director of the China Economics Summer Institute, and a member of the Steering Group of the International Growth Center in London.
He is the recipient of an Alfred P. Sloan Foundation Research Fellowship, Smith-Richardson Foundation Research Fellowship, and the Sun Ye-Fang award for research on the Chinese economy.