We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality-reducing. Expansive education policies may foster growth and...

This paper examines whether additional time in elementary and secondary school affects economic well-being in adulthood. This paper explores a large-scale reform that increased the Chilean school day by 30 percent between 1997 and 2010, with access to longer school days varying by cohort and...