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Inequality of opportunity strikes when two children with the same academic performance are sent to different quality schools because their parents differ in socio-economic status. Based on a novel dataset for Germany, we demonstrate that children are significantly less likely to enter the...
Persistent link: https://www.econbiz.de/10012234470
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...
Persistent link: https://www.econbiz.de/10011283829
Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...
Persistent link: https://www.econbiz.de/10009349947
empirical support: knowledge is the key to a country’s development. Of course, every country acknowledges the importance of … skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. - Hanushek … growth puzzle” and the “East Asian miracle” can be explained by these regions’ knowledge capital. Turning to the policy …
Persistent link: https://www.econbiz.de/10010531211