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 …

period, first the post-World War baby boom and then the substantial increase in education led to higher economic growth than … otherwise expected. As the pace of increase in education slowed and the workforce aged toward the end of the period, human …

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 …

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 …

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 …

We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with …

We address the impact of education upon wage inequality by drawing on evidence from fifteen European countries, during … regressions of Mincer equations and analysing the differences in returns to education across the wage distribution and across time …. Four different patterns emerge: 1) a positive and increasing contribution of education upon within-levels wage inequality …

allocate optimally their total lifetime between education, working and retirement. They also decide at each moment how much to …. The model incorporates experience-earnings profiles and return to education function that follows evidence from the labor … literature. In this setup increases in longevity raises the investment in education - time in school - and retirement. The model …