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...

Human capital accumulation has long been recognized as critical to economic growth and development. In recent years focus on the intra-household distribution of human capital has intensified both theoretically and empirically. However, connecting the theoretical and empirical literature has been...

This paper investigates the process by which a cohort of males accumulate human capital via formal education and labor market participation. I use all available annual waves of the 1979 youth cohort of the National Longitudinal Survey of Labor Market Experience (NLSY79) to estimate a dynamic...

We develop an economic growth model in which both the R&D resources to develop new product applications and the market structure of consumption goods manufacturing are determined endogenously. There exists uncertainty with respect to the development date of an inaugural product, although higher...

The purpose of the paper is to investigate the effects of poverty and educational policies on school attendance, child labour and growth. We consider an OLG model, with parental educational choices. It is assumed there is a trade off between child labour and human capital accumulation. If...

A large portion of the rise in the education premium can be explained by a signaling theory of education which predicts that in the future, increases in the education level of the workforce will actually cause the education premium to rise, simply because different workers are being labeled as...

We exploit the 1980 earthquake in southern Italy and the subsequent relief from mandatory military service granted to all males in the regions hit by the seism to estimate the strength of endogenous social interactions in schooling achievements. Preliminary results point to a significant and...

Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. We introduce health human capital into a two-period overlapping generations model....

This paper estimates return to schooling for african and coloured women in South Africa. It compares parametric and semiparametric estimates of the sample selection model for the case of return to schooling. The parametric estimator is the one proposed by Heckman (1979) and the semiparametric...