We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … from workers to capitalists. Further, the overall effect of an increase in education depends on the actual characteristics …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low … who only receive wage income into one in which education and human capital play a major role. We show than an expansion in … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

Canonical human capital theories posit that education, by enhancing worker skills, reduces the likelihood that a worker … education records from 1987 through 2002 to nationally representative surveys conducted before and after the onset of COVID-19 … in Barbados to explore the causal impact of improved education on job loss during this period. Using a regression …

Do resource-extraction booms crowd out postsecondary education? We explore this question by examining the higher … education-related decisions of Chilean high school graduates during the 2000s commodities boom. We find mineral extraction … increases a person's likelihood of enrolling in postsecondary technical education while reducing the likelihood of completing a …