strategies to higher education. The starting hypothesis of this study is that students consider the expected utility of their …-priced education. The results of this paper confirm that both expected wages and admission probabilities determine students …

Introduction / Charles R. Hulten and Valerie A. Ramey -- The macroeconomic link between education and real GDP growth …

Education and Real GDP Growth -- 1. Educational Attainment and the Revival of US Economic Growth / Jorgenson, Dale W. / Ho, Mun …. / Hobijn, Bart -- 3. The Importance of Education and Skill Development for Economic Growth in the Information Era / Hulten …, Stijn / Quintini, Glenda / Vandeweyer, Marieke -- 8. Education and the Growth- Equity Trade- Off / Hanushek, Eric A. -- 9 …

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 …