the equilibrium sorting of spouses by skill type (their correlation in education) is increasing as a function of the skill … premium and of the degree of correlation of spouses’ education (marital sorting). For all our measures, we find a positive and …

growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of … achievements are wasted as children fail to build upon their parents’ achievements. Policies affecting the education system and the …

education. Public education is favourable for growth because it increases the level of human capital and at the same time it … more political support for education; increased political rights are good for growth and also imply a more equal income …. The main results are that for a given structure of political rights, more inequality may be good for growth if it implies …

richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of …

This paper examines how economic stratification affects inequality and growth over time. It studies economies where …-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into … slower growth in the short run, but to higher output or even productivity growth in the long run. This trade-off occurs in …

model incorporates the assumption of subsistence consumption into the neo-classical exogenous growth model – yielding …

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question …: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on …. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our …