Unstable economies drive education investment and migration decisions in developing countries.
The article explores how economic instability affects people's decisions to invest in education, especially in developing countries where migration is an option. The researchers found that when the return on education is uncertain, residents of developing countries are more likely to invest in education, even if migration is a possibility. This can lead to higher education levels in developing economies. The study also suggests that this relationship between education, migration, and economic instability can help explain educational and migratory patterns of minorities.