knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

, and endogenous skill formation. High ability people acquire education and become skilled, those with intermediate …

exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We …

development. It affects human capital through both religious and secular education. It affects population and labor by influencing …

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 …

partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U …-shaped way on education. To maintain a given level of human capital it is shown that a less efficient schooling technology …-tax inequality if it spent more on education. …

income for different education groups and to estimate the level of consumption smoothing. We split households into three … groups based on educational attainment: primary education, secondary school, and university. We find that the university … with less education. This implies that investing in education is an investment not only in higher income and sometimes more …