This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … Prussian industrialization and finds it unwarranted. The econometric analysis on which this claim is based suffers from severe … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When …

of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital … accumulation. On the one side, education prompts economic growth and enriches the budget of the autocratic elite. On the other side …, education increases the “awareness” of citizens - capturing their reluctance to accept a dictatorship and their labor …

incentives to educate. A key feature of our model is that education acts simultaneously as a signaling device and as a method for …

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

This paper reviews empirical evidence, especially from Europe, on how education and training policies can be designed … education and schools over vocational and higher education to training and lifelong learning. The available evidence suggests … deliver best results. Designed this way, education and training systems can advance efficiency and equity at the same time …

plausibly exogenous source of variation in early industrialization across regions of nineteenth-century Prussia, capital …