In the growth literature, evidence on income convergence is mixed. In the development literature, health and education … indicators are also often used. This study examines whether health and education levels are converging across countries and … human capital convergence. The results confirm that investments in education and health are closely linked. We find …

of the level of development on education outcomes by constructing different efficiency frontiers for lower- and higher-income …The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has … the efficiency of secondary education spending in emerging and developing economies. The approach accounts for the impact …

The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling … for individual characteristics, local average human capital is positively correlated with individual wages, with estimated …

calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

income shocks. The findings also yield a number of important caveats and policy considerations, however, that have largely …

productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural …, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 … percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo …

of trade on relative wages. …

market and income redistribution policies that prevent the skill premium from playing its role in fostering human capital …