Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The … existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an … approach that yields positive average human capital externalities if and only if the marginal social product of workers with …

individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …