The economic returns to education in transition countries have been extensively evaluated in the literature. The … present study contributes to this literature by estimating the returns to education in Georgia during the last transition … period 2000–04. We find very low returns to education in Georgia and little evidence of an increasing trend in the returns …

stratification effect will be even stronger. Globalization will bring about the formation of an international technocratic elite with …, the main change that occurred in the way the Western world trained its elites is that meritocracy became the basis for … recruitment may actually lead to class stratification and auto-recruitment. In this paper, I show that due to globalization, the …

The economic returns to education in transition countries have been extensively evaluated in the literature. The … present study contributes to this literature by estimating the returns to education in Georgia during the last transition … period 2000-04. We find very low returns to education in Georgia and little evidence of an increasing trend in the returns …

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

For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … cognitive ability. Compulsory schooling can move society from elite education to mass education. An interaction between … model for the very long run in which the individual-specific return to education is conceptualized as an compound of …