Human Capital Persistence and Development
利用巴西19世纪末20世纪初一项吸引高学历移民的定居政策，发现一个世纪后，接受定居的市镇仍拥有更高教育水平和人均收入，长期效应通过教育投入增加和职业结构向技能密集型转变实现。
This paper documents the persistence of human capital over time and its association with long-term development. We exploit variation induced by a state-sponsored settlement policy that attracted immigrants with higher levels of schooling to particular regions of Brazil in the late nineteenth and early twentieth century. We show that one century after the policy, municipalities that received settlements had higher levels of schooling and higher income per capita. We provide evidence that long-run effects worked through higher supply of educational inputs and shifts in the structure of occupations toward skill-intensive sectors.