Mike Munger on Microfinance
By Arnold Kling
A podcast with Russ Roberts, recommended.
I am still trying to unpack the model Munger alludes to at the end, in which it does not pay women to become educated in countries where there is little physical capital. I am guessing that human capital and physical capital are complements in this model, so that if there is little physical capital, you do not want to invest in human capital. But why do men become educated in this model? Or do they?