We analyze the optimal life-cycle education decision of a single atomistic individual and show that the standard result of part-time education and part-time work throughout the life-cycle holds only under very special and unrealistic assumptions. Once these assumptions are relaxed, different...

This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects of the countries of central and eastern Europe, the Caucasus and Central Asia, which began an economic transition about two decades ago. We use cross-country growth regressions,...

Contents -- CESifo Book Series Foreword -- Preface -- 1 Introduction -- 2 A Structure for Understanding Growth -- 3 Knowledge Capital and Growth -- 4 Causation -- 5 Developing Countries -- 6 Developed Countries -- 7 The Economic Value of Educational Reform -- 8 Policies to Improve Knowledge...