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Understanding the Role of Indonesian Millennials in Shaping the Nation's Future
Millennials or Generation Y—those born between 1981 and 1996—represent the population cohort who are moving into the prime of their careers and lives. It is this generation that is being groomed to take up leadership roles in various sectors of society. In Indonesia, those from the millennial generation are slated to take up positions as leaders in various important spheres of society. However, the country’s demographic changes call for comprehending the intergenerational gap that is at the core of the so-called millennial disruptions. This book is a compendium of writings to provide a broad picture of the role of millennials in Indonesia's future. One chapter covers generational diffe...
Institution, Human Capital and Development in Indonesia
In 2021, the Indonesia economy has bounced back to almost at the condition before the COVID-19 pandemic. Confdence, in general, has been strong among Indonesians with the aim to rebuild the country better. Growth is expected to accelerate to escape the middle-income trap before 2045 and, at the same time, to transform to green economy. It has been argued, nevertheless, that, to achieve these goals, Indonesia needs to improve its qualities of institutions and human capital. This book is intended to discuss these issues as well as how they influence Indonesia’s development.
Household Finance
Household finance studies is a relatively recent field, exploring a growing understanding of how households make financial decisions relating to the functions of consumption, payment, risk management, borrowing and investing; how institutions provide goods and services to satisfy these financial functions of households; and how interventions by firms, governments and other parties affect the provision of financial services. This timely book analyses existing findings about household behavior as well as findings related to policy interventions. With international case studies, this book reviews a topic of global importance and brings a crucial up-to-date survey of the field for researchers and postgraduate students.
Human Capital and Development
This book asks the following incisive questions. Does the body of scholarship on the term "human capital" constitute a species of the meaning of the term "slavery," and if so, in what way? How has the so-called capabilities approach to human development affected the scholarship of human development, in the context of curbing the catastrophic excesses of market behaviour? How is it that some humans can be domesticated to create human capital for other groups of humans? To what extent can the international legal instruments effectively fight and combat child labour? How have dynastic China and India developed very long-term systems for the creation and maintenance of national human capital amo...
It’s Not All Fiscal
We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to 2012, using an error correction specification. We find a significant long-term relation between consumption and the different components of income and wealth. While fiscal policy had direct effects on consumption, the analysis suggests that wealth effects were sizeable, and therefore need to be kept in mind when analyzing consumption trends going forward.
Teaching and Learning Vocabulary
Although proficiency in vocabulary has long been recognized as basic to reading proficiency, there has been a paucity of research on vocabulary teaching and learning over the last two decades. Recognizing this, the U.S. Department of Education recently sponsored a Focus on Vocabulary conference that attracted the best-known and most active researchers in the vocabulary field. This book is the outgrowth of that conference. It presents scientific evidence from leading research programs that address persistent issues regarding the role of vocabulary in text comprehension. Part I examines how vocabulary is learned; Part II presents instructional interventions that enhance vocabulary; and Part II...
Rural Wealth Creation and Emerging Energy Industries
New technologies for accessing energy resources, changes in global energy markets, and government policies have encouraged growth in the natural gas and wind industries in the 2000s. The growth has offered new opportunities for wealth creation in many rural areas. At a local level, households who own land or mineral rights can benefit from energy development through lease and royalty payments. Using nationally-representative data on U.S. farms from 2011, we assess the consumption, investment, and wealth implications of the $2.3 billion in lease and royalty payments that energy companies paid to farm businesses. We estimate that the savings of current energy payments combined with the effect of payments on land values added $104,000 in wealth for the average recipient farm.
Methodology of Islamic Economics
In its pursuit to equip the reader with a basic knowledge of Islamic economics, this book divulges the micro-foundations of the discipline, and highlights the predominant schools of thought that exist in the field. It explains, in simple terms, what Islamic economics entails and how it can be studied as a science in relation to the Holy Quran, the Sunnah and the Islamic intellectual tradition based on these two sources. The book familiarizes the reader with knowledge of the basic maxims of the discipline. It then establishes the arguments that are presented by the proponents of religion-based economics, specifically Islam, and apprises readers about the aforementioned schools as they exist. ...
