Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the …-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …

quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor … experiments show that using means-tested education subsidies is the most cost-effective single policy option. However, for longer … time horizons, or as the economy gets closer to the poverty trap threshold, combining means-tested education and wage …

initial inequality in education. At the regional level, educational progress was generally more pro-poor in Asia and Latin … education and associated years of schooling have expanded substantially in developing countries in recent years. But has this … improvements in the access to the education system and in educational outcomes across the welfare distribution between and within …