Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...

Many scholars have argued that once basic needs have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Im ifo Schnelldienst 23/2010 wurde über erste Ergebnisse einer neuen wirtschaftshistorischen Forschungsagenda, die historische Entwicklungsprozesse mit mikroökonometrischen Methoden untersucht, berichtet. Sie greift auf einmaliges Datenmaterial preußischer Volkszählungen zurück, das auf...

Im 19. Jahrhundert nahm Deutschland und insbesondere Preußen eine international führende Stellung in der Entwicklung seines Bildungssystems ein. Wenngleich diese Rolle deskriptiv gut dokumentiert ist, konnten ihre Ursachen sowie ihre Bedeutung für den wirtschaftlichen Entwicklungsprozess...

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Many studies have found a strong association between economic outcomes of nations and their performance on international cognitive tests. This association is often interpreted as evidence for the importance of cognitive skills for economic growth. However, noncognitive skills, such as motivation...