Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

This chapter analyzes the effects of an aging population on individual skill choices and the production structure by means of a dynamic general equilibrium model with overlapping generations and probabilistic aging. The model allows for capital-skill complementarity, which strongly affects the...

In an environment where children's time has an economic value and employment opportunities for educated workers are scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We offer evidence that children's participation in child...

Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average income with all but undergraduate level of...

The national financial literacy strategy for Austria will guide the actions of Austrian stakeholders for the next five years. It creates a Financial Literacy Stakeholder Council and it identifies policy priorities based on evidence. It presents over forty action tools to support the strategy's...

The National Financial Literacy Strategy for Greece provides guidance to national stakeholders involved in financial education in Greece over the five years from its adoption. The proposal for a national strategy was developed through a consultative evidence-based approach and was designed in...