-founded education and fertility decision of households into a model of international trade with firm heterogeneity. Our theoretical … framework leads to two testable implications: i) the export share of a country increases with the education level of its … population, ii) the average profitability of firms located in a country also increases with the education level of its population …

We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …

firms. In so doing we integrate a micro-founded education and fertility decision of households into a model of international … in the education level of its population, ii) the export share of a country decreases in the birth rate of its population …, iii) the average profitability of firms increases in the education level of a country, iv) the average profitability of …

For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … model for the very long run in which the individual-specific return to education is conceptualized as an compound of … determines whether an individual experiences education and a locally stable steady state at which education is determined by …

traditional equilibrium, contraceptives are not used, fertility is high and education and growth are low. At the modern … equilibrium, contraceptives are used, fertility is low and further declining with increasing income, and education and growth are … provide more education for their children and leads to an earlier uptake of modern contraceptives and an earlier onset of the …