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 …

This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …

This paper surveys the empirical and theoretical link between education and growth in the growth process of Asian … countries. Particular attention is paid to the link between education and productivity, and to models that characterize key … education. …

dramatic augmentation of working population with vocational education relative to general education. This is consistent with … the recent literature, which argues that the ratio of vocational-to-general education tends to be higher in middle …-income countries. We explore an analytical approach to open up fresh insights into the composition of secondary education and prove the …

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 …

, it shows that the comparative advantage of females in skill is reflected in their greater investment in education and in …