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Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
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education over the working life of individuals. We find evidence that employees with tertiary education have steeper experience … profiles than employees with upper secondary or compulsory education. Hence, education provides not only an initial labor … in earnings growth by education are lower in countries with a higher level of corporatism and higher in countries which …
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economic success goes both ways. Using data on the study of foreign languages during compulsory education in European countries …
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-linear relationship between these two measures of inequality, actual data indicate that average years of education have a stronger … capita income and positively related to capital/output ratio and government expenditure in education …
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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 …
Persistent link: https://www.econbiz.de/10011596523
nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went …
Persistent link: https://www.econbiz.de/10011770417