Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate … development regimes and it illustrates wider role of education in tackling possible development traps. …

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 …

find that local education finance yields higher growth at the price of increased inequality. Aggregate fertility may be …This paper analyses the effect of federalism on fertility and growth. In a model with human capital accumulation and … endogenous fertility, two regimes of education finance are compared: central and local education. Using numerical simulation, I …

In this paper education simultaneously affects growth and income inequality. More education does not necessarily … information on the nonlinear relationship between growth and education. … decrease inequality when the latter is assessed by the Lorenz dominance criterion. Increases in education first increase and …

economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible …Existing growth research provides little explanation for the very large differences in long-run growth performance … across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of …

Our paper investigates the unexplored impact of education on inflation and of this relationship on economic growth. By … the effects of the stance of domestic monetary policy. We also show that the negative impact of inflation on growth in … findings outline a third potential role of human capital on conditional convergence. They show that education is not only a …

international tests, and growth. We take account of another fifteen years of growth and approximately twice as many test score … results. We treat the data first as a panel, relating growth only to test scores at earlier dates, and then as a cross …-section. In both cases we find the effect of schooling quality on growth to be statistically significant but substantially smaller …

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 … features of growth processes of Asian countries. Empirical studies show that these key features include liability to falling …

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 …